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Newport Beach, CA 92660 1554 Orchard Drive

$1,595,000

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Presented By: Gary Sully with The Sully Group; 714-404-5252
  • MLS# OC24060749
  • 04/02/2024
  • Request Tour
  • Request Info
  • BedBeds • 1
  • BathBaths • 1
  • FootageSQFT • 1,592
  • GarageGarage • 2

Home Details

A rare developer opportunity! This remodeled single story duplex is situated on a flat lot in an excellent location in Newport Beach next to Santa Ana Country Club. Buyer has the option of building 2 units per lot approx. (7840 sq ft). Excellent long term tenants residing in the units currently. Low expenses and good income. RV parking. 1554 Orchard, NB is also for sale on a separate listing. The duplexes are contiguous and are being sold together.
Presented By: Gary Sully with The Sully Group; 714-404-5252

Interior Features for 1554 Orchard Drive

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesWasherHookup, GasDryerHookup, Outside
Street SuffixDrive
Total Stories2
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 1554 Orchard Drive

Additional Parcels Y/NNo
AppliancesDishwasher, GasOven, Microwave, WaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.0
Carport Y/NNo
CityNewport Beach
Community FeaturesGolf
Construction MaterialsStucco
Contingency1554 Orchard, Newport Beach is contiguous with 1544 Orchard, Newport Beach and is being sold together. No exceptions.
CoolingCentralAir
CountyOrange
Current FinancingNone
Days on Market31
DirectionsMesa Drive and Santa Ana Ave
Electric Expense0.0
Entry Location1
Expected Active Date 2024-04-02
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income4800.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense1400.0
Interior FeaturesAllBedroomsDown, BedroomonMainLevel, MainLevelPrimary, PrimarySuite
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsItem1031Exchange, Submit
Lot Size Square Feet7514.0
MLS AreaN7 - West Bay - Santa Ana Heights
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income50600.0
New ConstructionNo
Operating Expense14200.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property ConditionAdditionsAlterations, Turnkey
Property Sub Type AdditionalDuplex
Property SubTypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerSewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameOrchard
Subdivision NameSanta Ana Heights Residential (SAHR)
Tax Lot14
Taxes$0
Tenant PaysCableTV, Electricity, Gas
Total Units2
Trash Expense1200.0
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerConnected, WaterAvailable
ViewNone
View Y/NNo
Water Sewer Expense2400.0
Waterfront Y/NNo
Year Built1962
Year Built SourcePublicRecords

Exterior for 1554 Orchard Drive

Building Area Total1592.0
Crops Included Y/NNo
FencingBlock, Wood
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre, Lawn, Level, Yard
Lot Size Acres0.1725
Lot Size Area7514.0
Lot Size SourceAppraiser
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAsphalt, DrivewayLevel, Driveway, Garage, RVAccessParking
Pool Charge0.0
SpaNo
Total Parking2.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,595,000
MLS#OC24060749
List Date 04/02/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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