Newport Beach, CA 92663,111 Via Florence
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Newport Beach, CA 92663,111 Via Florence

$2,962,500

Est. payment /mo

$3,275,000

9.5%
Est.Price: ?

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111 Via Florence Newport Beach, CA 92663

4,356 Sqft Lot

SOLD DATE : 04/23/2021

Key Details

Sold Price $2,962,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Lido Island (Lido)

MLS Listing ID OC20251545

Sold Date 04/23/21

Condo Fees $1,532

HOA Fees $127/ann

HOA Y/N Yes

Year Built 1948

Lot Size 4,356 Sqft

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.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Tile

Fireplaces Type Living Room

Fireplace Yes

Appliance Gas Oven, Gas Range, Gas Water Heater

Laundry Common Area

Exterior

Garage Door-Multi, Door-Single, Garage, Garage Faces Rear

Garage Spaces 5.0

Garage Description 5.0

Fence Block

Pool None

Community Features Curbs, Fishing, Street Lights, Sidewalks, Water Sports

Total Parking Spaces 5

Private Pool No

Building

Lot Description Landscaped

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 42316303

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Probate Listing

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California Regional MLS (CRMLS)
Listed by Steven Brombal • Kidder Mathews of California, Inc
Bought with Joshua Rhee • Kidder Mathews of California, Inc

Chris Robertson

Broker Associate | License ID: 01727638

+1(949) 674-0985

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