$1,495,000
0.05 acres
33.6034 -117.903

207 Cypress Street Newport Beach, CA 92661

$1,495,000
Est. Monthly $7,602 recalculate
0.05 acres
 

Have A Question? Contact Office Contact CENTURY 21 J.R. Gibson Co.

CENTURY 21 J.R. Gibson Co.
1800 E. 16th Street
Suite A
Santa Ana, CA 92701
714.­547.6221
714.­547.6221
CENTURY 21 J.R. Gibson Co.
1800 E. 16th Street Santa Ana, CA 92701
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207 Cypress Street
Newport Beach, CA 92661

Explore This Property

Multi-Family (2-4 Units) - Located just a block from both the bay and the beach this fantastic duplex opportunity affords an easy walk or a short bike ride to all that the Peninsula has to offer. Each two bedroom, one bath unit has its own private patio and one car garage parking. The upper unit has vaulted wood beam ceilings. The lower unit has been updated. There is laundry hook-up in garage and storage and the ability to park an additional vehicle behind the garage. The exterior of the building was recently painted, and exterior lighting and hardware appointments were updated. Consistently rented with little tenant turn-over this is a great income property opportunity in one the the best locations on Balboa Peninsula! Short term lodging permit potential. **Current rents considerably below market due to long-term tenancies.
MLS # NP17101268
Courtesy Of HOM REAL ESTATE GROUP, INC

Property Features

  • Age: Over 50 Years Old
  • Amenities: Vaulted Ceiling
  • Appliances: Freezer, Garbage Disposer, Range, Refrigerator
  • Architecture Style: Bungalow
  • Cooling System: None
  • Floor Covering: Carpet
  • Lot Size: 0.05 Acres
  • Parking Type: Garage
  • Roof Type: Unknown

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $7,602Your estimated monthly payment
    $299,00020% Down Payment
    $1,495,000 $1,345,500
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    NEWPORT ELEMENTARY SCHOOL
    Grades PRESCHOOL-6 | Public School

    NEWPORT BEACH, CA 92661
    1327 W BALBOA BLVD
    949-515-6965
    0.9
    miles

    Total Students 500
    Student Teacher Ratio 20:1

    School Rating

    4 stars View School Details
    Middle School
    HORACE ENSIGN INTERMEDIATE SCHOOL
    Grades 7-8 | Public School

    NEWPORT BEACH, CA 92663
    2000 CLIFF DR
    949-515-6910
    1.3
    miles

    Total Students 1200
    Student Teacher Ratio 30:1

    School Rating

    4 stars View School Details
    High School
    NEWPORT HARBOR HIGH SCHOOL
    Grades 9-12 | Public School

    NEWPORT BEACH, CA 92663
    600 IRVINE AVE
    949-515-6300
    1.5
    miles

    Total Students 2380
    Student Teacher Ratio 20:1

    School Rating

    4 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Newport Heights Elementary School 1.0 mi Public K-6
    Harbor View Elementary School 1.9 mi Public PRESCHOOL-6
    Mariners Elementary School 1.9 mi Public K-6
    Harper 2.1 mi Public PRESCHOOL-PRESCHOOL
    Our Lady Queen Of Angels 2.5 mi Catholic K-8
    Abraham Lincoln Elementary School 2.5 mi Public K-6
    Pacifica Christian High School-orange County 2.6 mi Private 9-10
    Woodland Elementary School 2.6 mi Public K-2
    Corona Del Mar High School 2.6 mi Public 7-12
    Harbor Day School 2.7 mi Private K-8
    Carden Hall, Inc School 2.7 mi Private PRESCHOOL-8
    St. Joachim 2.8 mi Catholic PRESCHOOL-8
    Heinz Kaiser Elementary School 2.9 mi Public 3-6
    Roy O. Andersen Elementary School 2.9 mi Public K-6
    Eastbluff Elementary School 3.0 mi Public K-6
    Newport Christian School 3.2 mi Private PRESCHOOL-6
    Whittier Elementary School 3.3 mi Public K-6

    Local Area Information for Newport Beach, CA 92661

    Median Age: 43.5
    Married: 40.5%
    Number of Households: 2,079
    Households with Children: 188
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 California Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.