Newport Beach, CA 92662 125 Onyx Avenue

Sold: Aug 31, 2020
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Presented By: Arthur Dorr with Balboa Realty;
  • MLS# NP20009906
  • 01/15/2020
  • Request Tour
  • Request Info
  • BedBeds • 2
  • BathBaths • 2
  • GarageGarage • 2

Home Details

This one of a kind, oversized duplex located on the 100 block of Onyx just steps away from Marine Ave. is a must see! A perfect income property for 1031 exchange investors & Short Term/Vacation Income generation. Premises includes a total of 6 bedrooms, 6 bathrooms. Each unit consists of 3 bedrooms and 3 baths. Both units have private entrances, and access to a large newly tiled rooftop deck. Upper unit is currently leased for $3900 per month on a long-term basis. Lease is currently on a month-to-month basis. Lower unit is a short-term year-round vacation rental (Income Available upon request). The lower unit displays a remodeled kitchen with granite counters, new cabinets, new appliances, bi-fold French doors that open to the lovely front patio. Both units are mirror images of one another, and both have direct access to the rooftop deck. Bay and city views encompass this 360-degree entertainment deck. The deck makes for the absolute perfect spot to gather with some family and friends to enjoy some sunshine during the day or some drinks in the evening. Each unit also has its own private 1 car garage. Live in one unit and rent out the other to offset any expenses involved. This is the perfect property whether you use it for vacationing or to live and enjoy the Island lifestyle. You are only one street away from Marine Ave., where you will find all the best restaurants and shops that Balboa Island has to offer. Buyer to verify square footage and rental income.
Presented By: Arthur Dorr with Balboa Realty;

General for 125 Onyx Avenue

Additional Parcels Y/NNo
Association AmenitiesOutdoor Cooking Area
Association Y/NNo
Co-Listing AgentAlex Batley - BRE#01897014
Co-Listing AgentAlex Batley - BRE#01897014
Co-Listing Agent State License #01897014
Community FeaturesFishing, Sidewalks, Urban, Park
Garage Spaces2
Garage Y/NYes
HOA Fee$
Land Lease Y/NNo
LevelsTwo, Three Or More
Listing AgentArthur Dorr - BRE#01899740
Listing AgentArthur Dorr - BRE#01899740
Listing Agent State License01899740
MLS AreaN9 - Lower Newport Bay - Balboa Island
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
StatusClosed
Subdivision NameBalboa Island - Main Island (BALM)
TermsCash, Cash to New Loan, Conventional, 1031 Exchange, FHA
Total Units2
ViewBay, City Lights, Coastline, Neighborhood, Panoramic
Water Sewer Expense2500
Waterfront FeaturesBeach Access, Ocean Side Of Highway, Seawall

Interior for 125 Onyx Avenue

Common Walls1 Common Wall
Laundry FeaturesInside, Laundry Closet
Window FeaturesDouble Pane Windows

Exterior for 125 Onyx Avenue

Lot FeaturesFront Yard, Near Park, Street Level
Lot Size Acres0.06
Lot Size Area2753
Lot Size Square Feet2753
Lot Size UnitsSquare Feet
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Total Parking2
View Y/NYes
Water SourcePublic
1527188455

First Team Client Services

Price $2,690,000
MLS#NP20009906
List Date 01/15/2020
Property Type Income
Phone 714.964.3311
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