125 Onyx Ave, Newport Beach, CA 92662

Property Description

This one of a kind, oversized duplex located on the 100 block of Onyx just steps away from Marine Ave. is a must see! A perfect income property for 1031 exchange investors & Short Term/Vacation Income generation. Premises includes a total of 6 bedrooms, 6 bathrooms. Each unit consists of 3 bedrooms and 3 baths. Both units have private entrances, and access to a large newly tiled rooftop deck. Upper unit is currently leased for $3900 per month on a long-term basis. Lease is currently on a month-to-month basis. Lower unit is a short-term year-round vacation rental (Income Available upon request). The lower unit displays a remodeled kitchen with granite counters, new cabinets, new appliances, bi-fold French doors that open to the lovely front patio. Both units are mirror images of one another, and both have direct access to the rooftop deck. Bay and city views encompass this 360-degree entertainment deck. The deck makes for the absolute perfect spot to gather with some family and friends to enjoy some sunshine during the day or some drinks in the evening. Each unit also has its own private 1 car garage. Live in one unit and rent out the other to offset any expenses involved. This is the perfect property whether you use it for vacationing or to live and enjoy the Island lifestyle. You are only one street away from Marine Ave., where you will find all the best restaurants and shops that Balboa Island has to offer. Buyer to verify square footage and rental income.