121 45th Street, Newport Beach, California 92663

Here is an amazing opportunity to create your coastal income-property dream just steps from the sand in West Newport. This duplex features a 3 bedroom 2 bath (one ensuite) unit with vaulted ceilings on the top floor and a 2 bedroom 2 bath (one ensuite) on the first floor. Both units have individual laundry hook-ups and utility metering. There is one water meter for the property. The property is in unfinished condition and is ready for your signature and completion. A huge amount of heavy-lifting and infrastructure has been addressed, including but not limited to: Liquefaction Mitigated slab/foundation.rrnNew underground electric service/panels/distribution. Separately metered units.rrnNew upsized water meter and service lateral.rrnNew plumbing and sewer lines.rrnNew gas lines. Separately metered.rrnSingle water meter but water lines have been isolated to each separate unit.rrnNew tankless water heaters with recirculating lines.rrnNew forced air heating.rrnNew doors/windows (except for a couple existing windows that had already been replaced.rrnNew exhaust fans in all baths.rrnNew overhead fire sprinklers throughout.rrnTwo EV conduits in garage.rrnAll new phone, data, A/V cabling throughout.rrnThe most recent permits with the city have expired, so they will either need to be renewed or substituted by the buyer with their changes.rrnRecent appraisal pegs the finished value at nearly $1,000,000 over the asking price. Act quickly!rrnWe have a lender who is familiar with the property and may entertain financing the new purchase. Cash or hard-money buyers are encouraged to write as well.