TITLE: Mediterranean Villiage 4-Plex in Newport Beach CITY: Newport Beach
STYLE: Covington Style 4-Plex SQUAREFT: 4371
BUILT: 1965 LOT: 6248
BEDROOMS: 3BR/2BA,2-2BR/1.5BA,1-2BR/2BA DECK: Patios
FIREPLACE: In 3BR unit GARAGE: 1 One Car Garage per unit
PRICE: $1,525,000 SOLD

Description:
Rarely Available, Large 4371 Square Foot, Well Maintained, Pride of Ownership, Covington Style 4-Plex in a Prime Newport Beach Rental Area near Hoag Hospital. The 3BR/2BA Owners Unit has a Living Room, Dining Room & Fireplace. The 2BR/1.5BA units are 2-Story Townhouse Style. The 2BR/2BA unit is on one level over the 4 Garages. The units are all Electric, Individually Metered and have Washer/Dryer Hook-Ups. Long Term Tenants with extremely low rents. At Market Rents the Gross Scheduled Income is $80,400 and the Gross Rent Multiplier is 19.89 times Gross. Actual Rents are $58,500.





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