504 35th St, Newport Beach, CA 92663

Property Description

PRICE REDUCED $70,000 on this fantastic 7 bedroom, 5 bath duplex in the wonderful Finley Tract, one of the best kept secrets in Newport Beach, only 4 doors from the waterfront. The first floor 3 bedroom/2 bath unit, currently rented below market for $2800 per month (market $3200), is light and bright with an open great room with living area fireplace, eating bar and dining area, plus kitchen with newer gas stove and dishwasher and separate laundry room. The second level 4 bedroom/3 bath unit, also currently rented below market for $3200 per month (market $4300), would be a perfect owner's residence with high beamed great room ceilings, large living area with fireplace and balcony deck with water view, and kitchen with newer stove and dishwasher plus eating bar and separate dining area. The huge master bedroom has its own private bath and fireplace and the unit also has its own laundry room. In addition, one of the bedrooms has its own kitchenette and private stairway and bath that might be locked off to make a separate studio apartment. 35th Street is a quiet street in the middle of this scenic tract, the waterfront is down the street, ocean beaches a short walk, and shops and restaurants are a block away. This is the perfect property for investor or owner user with upside in rents and owner enjoyment!