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Image 1 - 136 Topaz Ave, Newport Beach, California, 92662 - Apartment for sale
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Topaz Ave, Newport Beach, Property For Sale
136 Topaz Ave, Newport Beach, California, 92662

Topaz Ave, Newport Beach, Property For Sale

apartment for sale
Listed: 06/25/24

136 Topaz Ave, Newport Beach, California, 92662

Studio Bed:
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Price
$ 3,29M

About This Apartment

Discover a prime investment opportunity with this duplex and casita located in a rare and highly desired neighborhood. This property presents endless potential for both moderate and high-end renovations, catering to various investor strategies. With multiple rental options available, each of the three units offers its own separate entrance for enhanced privacy and rental flexibility. The main house features 3 bedrooms and 2.5 baths spanning 1642 sqft, while the back unit offers 2 bedrooms and 1 bath across 684 sqft. Additionally, a versatile casita with 1 bedroom and 1 bath (potentially an efficiency studio) occupies 239 sqft. Situated in Balboa Island of Newport Beach, this home is perfect for savvy investors seeking to capitalize on a promising location and multiple winning property configurations.

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Balboa Island Housing & Living

Household Income

Median household income: $119,379
Number of households: 37,971
The average household income in Newport Beach, CA grew from $115,845 to $119,379 in the past year. This data is an estimate based upon 37,971 households in Newport Beach, CA.
The chart below presents how household income is distributed in Newport Beach, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Newport Beach, CA compared to median property taxes around the country. The prevalent amount of property taxes in Newport Beach, CA equals $3k+ , which is more than the national average.