20151 Spruce Ave, Newport Beach, CA 92660

Property Description

This is a rare find! A move in ready, remodeled, single level, single family, 3 bedrm ( potentially 4) home UNDER 1.3M on a lot of 8100+ sq ft PLUS a 285 sq ft studio casita (most recent tenant was there for a 5 year period at 1K/month), offering the potential for add'l income of up to 30% of the prop mortgage. Market rate rent is closer to 1500/mo. Located in an area that enjoys all the amenities of renowned Newport Bch including top rated schools k-12, Newport's treasured nature preserve:the Back Bay offering outdoor enthusiasts miles of hiking, biking, walking trails and kayaking, nearby freeways, an international airport, first class shopping and dining and, bike riding distance to the coastal beaches of the Pacific! The surrounding friendly neighborhood is one of the fastest appreciating w/new builds, or remodels virtually everywhere offering tremendous upside in your investment. This cozy cottage offers great curb appeal incl a charming front porch w/peaked ceilings, a livable floorplan w/ separate liv, din & fam rms and lg kitchen w/ hard wood cabinetry. All three bedrooms in the main house are generously sized w/ one large enough to be split into 2 to equal 4 total inside the main house. All are either en suite or have easy access to a bathroom. Slatted oak flooring has been meticulously preserved and in perfect condition. But wait....there's more! This home is 100% SOLAR POWERED! Panels are owned w/ long term warranties. So run that AC everyday if you'd like!