This is not a list price. This is an estimate price for the property provided by FirstAmerican. Please note that this is only an estimate and should not be taken as fact or advice. When a list price becomes available we will publish it and along with changes to the contact information.Estimated Value: $4,493,665
Welcome to an exceptionally rare opportunity to own a trophy asset in one of the most coveted locations in Newport Beach with an up to 4-yer Lease Option to Buy and $260K+ annual rental income from day one.nnLocated at the top of the Balboa Peninsula, just steps from the sand, this newly built 2020 duplex is fully furnished and short-term rental ready complete with two transferable STR permits and a proven income history. Whether youre looking to invest, 1031 exchange, or eventually move in, this property offers low entry, high upside, and total flexibility.nnThe property features two beautifully designed, turnkey units:nnRear Unit: 5BR / 3.5BA Private direct access from the 2-car garage, open-concept kitchen and living, large bonus/media room, and a rooftop deck with stunning ocean, city, and mountain views.nnFront Unit: 3BR / 2.5BA A charming beachside retreat with a welcoming front porch on 32nd Street, perfect for indoor-outdoor living and entertaining.nnAdditional features include central AC & heat, 4-car parking (2-car garage + 2-car carport), and high-end finishes throughout.nnJust a short stroll to the beach, Lido Marina Village, the Bayfront, local boutiques, coffee shop...
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s, and top-tier dining. Fast access to PCH and nearby freeways.nnWhether you're an investor seeking immediate income and long-term appreciation, or a future homeowner wanting to lock in your dream home today and buy laterthis is a Newport Beach opportunity you dont want to miss.This rent to own home is a multi family property located in NEWPORT BEACH. It offers 0.054 acres in size, 8 beds and 5 baths. Review its detailed information and determine if this NEWPORT BEACH rent to own has the qualities you are looking for.
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Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.
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