235 Walnut St, Newport Beach, CA 92663

Property Description

Please read before calling. Thank you:) Here is the skinny on this Beach Close Property in Newport Beach. Home is on a land lease that expires on December 9th, 2019, and will revert back to the original owner and TODAY the lease is not renewable. The owner of the rest of THIS lease will need to vacate the property by then. Best use is for daily/weekly rentals or vacation rental for the remainder of the lease or taking advantage of having a set price as a tenant for the next 46 months. *The breakdown of costs for the current owner, which should transfer is as follows: 1. Monthly land lease is/will remain $1125 a month. 2. HOA is $43 a month. 3. Taxes are $325 a month. 4. Hazard insurance is $90 a month. That's $1583 a month. Lowered price for locking in a great monthly rate for remaining months. *3 Bd 2 Bth 2 Story Home. Steps from the beach! Home Has Been Totally Redone. Some Great Modern Upgrades and Gorgeous Wood Floors on The Lower Level. Large Master Downstairs With its Own Entrance and Restroom. Two Good Sized Bedrooms Upstairs that Access the Large Balcony With Peak-A-Boo Views of The Beach! Awesome One Car Garage and an Additional Covered Carport spot! Fantastic Amenities with Pool, Jacuzzi, Tennis and V-ball Courts, and BBQ Etc.