Very Large 5009 square foot, Well Maintained, Pride of Ownership, Covington Style 4-Plex on a 6621 square foot Corner Lot in a Prime Newport Beach Rental Area near Hoag Hospital. The 3BR/2BA Owners Unit has a Living Room, Dining Room and 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 each unit has Washer/Dryer Hook-Ups. Unit A was Rehabbed this year. Long Term Tenants with Low Rents. At Market Rents the Gross Scheduled Income is $77,400 and the Gross Rent Multiplier is 19.4 times Gross. The Actual Rents are $66,900. The 4-Plex next door is also available for sale.
