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Newport Beach, CA 92660 1544 Orchard Drive

$1,499,000

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Presented By: Gary Sully with The Sully Group; 714-404-5252
  • MLS# OC24060754
  • 04/02/2024
  • Request Tour
  • Request Info
  • BedBeds • 5
  • BathBaths • 2
  • 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 1544 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 Stories1
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 1544 Orchard Drive

Additional Parcels Y/NNo
AppliancesDishwasher, GasOven, GasWaterHeater
Architectural StyleCraftsman
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate2.87
Carport Spaces0.0
Carport Y/NYes
CityNewport Beach
Community FeaturesGolf
Construction MaterialsStucco
Contingency1554 Orchard, Newport Beach is contiguous with 1544 Orchard, Newport Beach and the 2 properties are being sold together. No exceptions.
CoolingCentralAir
CountyOrange
Current FinancingNone
Days on Market38
DirectionsMesa Drive and Santa Ana Ave.
Electric Expense0.0
Entry Location1
Expected Active Date 2024-04-02
Facing DirectionNorth
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income68400.0
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
Lot Size Square Feet7487.0
MLS AreaN7 - West Bay - Santa Ana Heights
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income48800.0
New ConstructionNo
Number of Units Leased2
Open Parking Spaces0.0
Operating Expense14200.0
Other StructuresTwoOnALot
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
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Street NameOrchard
Subdivision NameOther
Tax Lot14
Taxes$0
Tenant PaysCableTV, Electricity, Gas
Total Actual Rent63000.0
Total Units2
Trash Expense1200.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense2400.0
Waterfront Y/NNo
Year Built1962
Year Built SourcePublicRecords
ZoningR2

Exterior for 1544 Orchard Drive

Building Area Total1592.0
Crops Included Y/NNo
FencingBlock, Wood
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre, BackYard, FrontYard, Level, StreetLevel, Yard
Lot Size Acres0.1719
Lot Size Area7487.0
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 FeaturesDetachedCarport, DrivewayLevel, Driveway, Garage, OffStreet, RVAccessParking
Pool Charge0.0
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking2.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,499,000
MLS#OC24060754
List Date 04/02/2024
Property Type Multi-Family
Phone 714.964.3311
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