Active Under Contract

209 David Drive Unit: A-C

209 David Drive Unit: A-C, Newport Beach, CA 92663

$2,249,000
Three unit Coastal income property opportunity. Ideally located directly adjacent to Newport Shores, only a few hundred yards from the Pacific Ocean and the sandy beaches of Newport. This unique property was a duplex that has been converted into 2 condominiums with 2 separate APNs. In addition, there is a bonus space on the lower level with a separate entrance, kitchenette and bathroom. The property currently generates monthly income of $9,150. The upstairs unit, known as "Unit B", was renovated down to the studs in 2012 and offers 3 bedrooms and 2 bathrooms along with a spacious front and back deck with views of the canal and wetlands. Upgrades include vaulted ceilings with great natural light, Carrara marble countertops, a large kitchen island, marble bathroom tile, recessed lighting, whole house audio system, new insulation, new HVAC and new plumbing throughout. The downstairs unit, known as “Unit A”, was extensively renovated and has 2 bedrooms and 2 bathrooms with a private patio with built-in BBQ. Upgrades include large granite kitchen island, custom cabinetry, wood floors, recessed lighting, wood shutters, stainless steel appliances, and custom closets. The bonus additional downstairs space, known as “Unit C” and which is part of Unit B, is a studio with full kitchenette and private bathroom. The property also has leased Tesla solar panels. Each unit has its own washer and dryer. There are 2 garage spots and a carport. As of May 2021, the adjacent 401 acres of Banning Ranch are under contract to be purchased by "The Trust for Public Land" which intends on turning the ranch into a public park. PLEASE DO NOT DISTURB THE TENANTS!

6
beds

5
baths

2178 Sq.Ft. LIVING AREA

3,141 Sq.Ft. lot

Carter Kaufman

Carter Kaufman

TITLE

Realtor®

Features & Amenities

Interior

  • FlooringWood
  • FireplaceLiving Room, Wood Burning
  • APPLIANCESBarbecue, Dishwasher, Microwave, Refrigerator, Dryer, Washer
  • bedrooms6
  • total baths5
  • full baths5
  • other interior FeaturesBeamed Ceilings, Ceiling Fan(s), Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Bedroom on Main Level, Walk-In Closet(s)

Area & Lot

  • Living Area2178 Sq.Ft.
  • Status Active Under Contract
  • MLS IDOC21138666
  • YEAR BUILT1976
  • Architecture StylesDuplex
  • View DescriptionBack Bay, Canal, Peek--Boo
  • School DistrictNewport Mesa Unified

Exterior

  • STORIES2
  • PoolNone
  • AIR CONDITIONINGNone
  • HEAT TYPECentral
  • lot featuresPaved, Rectangular Lot
  • sewerPublic Sewer
  • Garage Space2

Financial

  • PRICE$2,249,000

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Ranked in the Top 1% of agents in Orange County by annual sales volume, Carter has received accolades for his sales production both locally and regionally. In his first year as an agent, he was recognized by his brokerage as "Rookie of the Year” for being the region's top producing first year agent out of 3500 new agents.

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