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4228 Hilaria WAY Newport Beach, CA 92663
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Key Details
Sold Price $2,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW19173746
Sold Date 09/30/19
HOA Y/N No
Year Built 1973
Lot Size 6,534 Sqft
Acres 0.15
Property Description
We are pleased to present a charming 4-unit multi-family property located in Newport Beach, CA. The newly renovated subject property contains three 2-bedroom / 2-bathroom units, and one 2-bedroom / 1.5-bathroom unit and consists of 4,195 rentable square feet spread throughout a 5,800 square foot lot. This property is stabilized with solid rents but has upside with top of the line furnishes. Owners enjoy the high demand for rentals in a coastal city of Southern California, while tenants enjoy living a short distance to local beaches, shopping, restaurants and nightlife in Newport Beach, Lido Isle, and Downtown Costa Mesa.
Newport Beach is a highly sought after rental market. With a limited rental stock and great demographics. The average household income in Newport Beach is currently $119,379 and even with an average income roughly 40% higher than the Orange County average, renting is still more affordable than buying a home in Newport Beach where the median property value is $1.7 million.
Location
State CA
County Orange
Area 699 - Not Defined
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Garage Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Sidewalks
Parking Type Garage
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Septic Type Unknown, Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 42525112
Energy Description 396.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • CRMLS