122 28th Street, Newport Beach, CA 92663
Duplex
Sold February 2023
Listing Agent: Alex Guyenne (DRE #02022004) · Listing Office: eXp Realty of California Inc. · Contact: 714-623-5060 · Bought with: Jodi Crane · eHomes · MLS #DW22259032 · Source: CRMLS
About this duplex
122 28th St is a Vacation Rental Duplex on the highly sought after Balboa Peninsula. It's only 9 homes from the sand and water! This property offers a 3 bedroom/2 Bathroom (downstairs) and a 2 bedroom/1 bathroom (upstairs). Both units have been renovated and ready to help your portfolio cashflow. Each unit has 1 garage parking spot and plenty of street parking available. This property has been a great rental for the last decade and with the current gross income approximately at $155,000 per year. There is still upside for the next owner to raise rents to market, as similar properties are currently collecting near $195,000 per year.
Listing description from the February 2023 sale, as reported to CRMLS.
Sale history