4
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Listed by Sina Oveissi • Pointe Real Estate Inc.
$2,799,000
Est. payment /mo
2 Beds
2 Baths
1,236 SqFt
Active
212 42nd Street Newport Beach, CA 92663
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,236 sqft
Price per Sqft $2,264
Subdivision West Newport Beach
MLS Listing ID OC-25063841
Bedrooms 2
Full Baths 2
Year Built 1933
Lot Size 2,526 Sqft
Property Sub-Type Duplex
Property Description
ATTENTION INVESTORS, BUILDERS, AND DEVELOPERS! 212 42nd Street presents a range of possibilities, this is the perfect opportunity for savvy investors, builders, and or developers. The current structure is a duplex that consists of (2) 1 bedroom, 1 bathroom units. A standout feature of this property is the inclusion of (2) transferable Short-Term Lodging Permits (STLP) issued by the City of Newport Beach. The existing structure is in need of repair, but it remains salvageable and offers significant potential. For Development the property measures 30' x 85', and the City of Newport Beach allows for the development of up to 2,762 square feet of living space, in addition to a 400-square-foot garage. This is a unique opportunity that rarely comes available and wont last. Property is being offered AS-IS!
Location
State CA
County Orange
Area N8 - West Newport - Lido
Interior
Cooling None
Fireplaces Type None
Laundry None
Exterior
Pool None
Community Features Biking, Dog Park, Sidewalks, Watersports
View Y/N Yes
View See Remarks
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer