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    111 Via Florence

    Newport Beach, CA 92663
    • $3,275,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: OC20251545
    Price Reduced
    $3,275,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,520
      SQFT
    • $930
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    BACK ON MARKET - $325,000 Price Reduction. Lido Isle 5 is offered through probate, however no court confirmation is required. The listing Brokers are in direct communication with the trustee overseeing the sale. Beneficiaries are motivated to sell. The building, like may on the Isle, has a very private large courtyard for residents use. Residents have creatively decorated under the upstairs overhang to create quaint outdoor sitting spaces. The property has a Mediterranean-style tile pitched roof and (5) enclosed garages; there are three hot water heaters. The property features (4) large one-bedroom, one-bath residences and (1) two-bedroom, one-bath unit which is upstairs and has a fireplace and separate dinning room. All unit interiors are very spacious and charming. There are vinyl windows throughout the building and each unit has panel ray heat. There is some level of interior upgrades including scrapped ceilings, crown molding, and newer kitchen granite counter top and cabinets. Some unit interiors feature marble tile entry, kitchen and bath flooring. The property and grounds are exceptionally clean and a pride of residency is evident by tenants as well. The building is mastered metered for utilities accentuating that rental rates are extremely low. Ownership has resided in Northern California, and there is a 3rd party management company overseeing the building. As a result, rents are significantly under market. Email the Listing Broker for a Marketing Brochure.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-23T00:27:18.87. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.

    www.livelovebeachcities.com/homes/112392675
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    111 Via Florence Newport Beach, CA 92663

    • Price: $3,275,000
    • Status: Active
    • ID#: OC20251545
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    3,520
    SQFT
    $930
    $/SQFT
    1948
    Built
    Neighborhood:
    Lido Island (Lido)
    County:
    Orange
    Area:
    N8 - West Newport - Lido
    Property Description
    BACK ON MARKET - $325,000 Price Reduction. Lido Isle 5 is offered through probate, however no court confirmation is required. The listing Brokers are in direct communication with the trustee overseeing the sale. Beneficiaries are motivated to sell. The building, like may on the Isle, has a very private large courtyard for residents use. Residents have creatively decorated under the upstairs overhang to create quaint outdoor sitting spaces. The property has a Mediterranean-style tile pitched roof and (5) enclosed garages; there are three hot water heaters. The property features (4) large one-bedroom, one-bath residences and (1) two-bedroom, one-bath unit which is upstairs and has a fireplace and separate dinning room. All unit interiors are very spacious and charming. There are vinyl windows throughout the building and each unit has panel ray heat. There is some level of interior upgrades including scrapped ceilings, crown molding, and newer kitchen granite counter top and cabinets. Some unit interiors feature marble tile entry, kitchen and bath flooring. The property and grounds are exceptionally clean and a pride of residency is evident by tenants as well. The building is mastered metered for utilities accentuating that rental rates are extremely low. Ownership has resided in Northern California, and there is a 3rd party management company overseeing the building. As a result, rents are significantly under market. Email the Listing Broker for a Marketing Brochure.
    Exterior Features

    Construction Materials StuccoWood Siding Fence YN Yes Fencing Block Garage Spaces 5.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Faces RearGarage - Single DoorGarage - Two Door Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved

    Interior Features

    Appliances Gas OvenGas RangeGas Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring CarpetTile Heating Wall Furnace Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 1532.00 Association Fee Frequency Annually Association YN Yes Building Area Units Square Feet Community Features CurbsFishingWatersportsSidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 10070.00 Gross Operating Income 116006.00 Gross Scheduled Income 120840.00 Insurance Expense 0.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Net Operating Income 60678.00 New Construction YN No New Taxes Expense 37847.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 55329.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Probate Listing Subdivision Name Other Lido Island (Lido) Tenant Pays NoneSee Remarks Total Expenses 55329.00 Trash Expense 0.00 Vacancy Allowance Rate 4.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Steven Brombal of Kidder Mathews Of California, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-23T00:27:18.87. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.

     
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    Bathurst Coastal Properties | Compass
    2141 Rosecrans Ave, Suite 1120
    El Segundo CA, 12345