4814 Neptune Ave, Newport Beach, CA 92663

Property Description

Here is the investment at the beach that you have been waiting for! Located a mere 88 steps away from the sand, only two homes separate you from one of Southern California’s finest surf beaches. Fortunately situated on a corner lot, this unique property takes full advantage of the additional light and increased exposure to the cool ocean breezes. The property consists of two nearly identical 3 bedroom 2 bath units with vaulted ceilings in the living/dining areas. An attached 2 car garage has 2 sets of laundry machine hook ups for the convenience of your short or long term tenants. While the upper unit has a deck/patio that runs nearly the entire width of the building, the ground floor unit has a lush lawn and mature tree rarely seen in this area. This property is boasting a very solid rental history with professional management in place on top of an attractive cap rate with the potential to make it an even better performer. This is an opportunity for an owner user as well as an investor. Financial performance numbers speak for themselves but this property may be equally attractive as a full time residence with one of the units helping offset the owner’s costs. See you at the beach!