302 Kings Road

Newport Beach, CA 92663

List Price

$2,495,000

Status

ACTIVE

MLS#

NP19130549

Lot Size

7,370

Acres

0.1692

Lot Location

Tear Down

Days on Market

23

Property Type

Land

Neighborhood

Kings Road (Kgrd)

Property Description

Being sold as is with no repairs or warranties by seller. Probable harbor turning basin and ocean view from a new second story. It is on Irvine company leased land. Lease ends 9/3/2038. Yearly lease is $10,400. Purchase price for land is $1,638,000/ good until July 1, 2019. Property is reappraised every quarter. That would be a separate escrow with the Irvine company. Sellers are selling the assumption of the lease, improvements and the option to purchase the land for $2,495,000.

Additional Information

Tract Number

634.00

Land Lease

Yes

Lot Description

Suburban

View

City Lights, Peek-A-Boo

Water

Public

property image

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Calculator source: Real Geeks

Listing courtesy of Marlene Hassel from Villa Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.