Excellent rental units with outsized income (yes, actual rents). You won't find a better CAP rate this close to the beach. Units 100% occupied with extremely rare/low vacancy. Property is professionally managed and well maintained. Nicely remodeled front house (3 beds, 2 baths) and newer back house built in 2006 (4 beds, 3 baths). Mix of hardwood and travertine flooring, subway tile and travertine in baths, and granite on most countertops. Private outdoor patios. Great owner/user potential. Two car garage plus covered carport. Ample street parking. Less than a block to restaurants, coffee shops, and all the great retail conveniences of 17th Street. Feeds to award-winning local elementary schools and Newport Harbor High. DRIVE-BY ONLY. DO NOT DISTURB OCCUPANTS UNDER ANY CIRCUMSTANCES. Available to be shown with accepted offer. Property next door closed for $1,405,000. Similar profile but LESS income than subject property.
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