Investment Opportunity · Newport Beach, CA

2242 Orchard Dr

Newport Beach, CA 92660 · MLS NP26204272

List price
$1,500,000
3 bd / 1 ba
Bedrooms / baths
1,106 sq ft
Living area
1948
Year built
5,998 sq ft
Lot

"Sorry, due to the current home condition, the owner will be looking only at all-cash offers."

Listed by Matthew Fletcher Seven Gables Real Estate DRE #01865400 · (949) 677-3618

From the listing. 6,000 sq. foot lot in Newport Beach with existing 1,106 sq. foot home midway through rehab. Once in a lifetime "investor special" in this Back Bay-adjacent equestrian wonderland. Let your imagination run wild on this lot and finish the remodel, add-on, add a stable for one horse, or scrape and build your dream home. You'll be surrounded by an eclectic mix of multi-million dollar mansions, updated farmhouses, and large lot equestrian property neighbors who all share a love for the outdoors, proximity to the Back Bay trails, coffee and dining at The Ranch, and easy freeway access. According to the City zoning, this home is zoned REQ, allowing 1 horse for lots less than 10,000 sq. ft. Sorry, due to the current home condition, the owner will be looking only at all-cash offers.

01 - Price This Property

What you qualify for on 2242 Orchard Dr.

Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.

List price $1,500,000
State CA

A ballpark is fine. Nothing is pulled.

Flips, rentals bought and sold, or builds. Decides the down payment.

Our super rough estimate at $110 per sq ft. Put in your contractor's number if you have one.

The loan stays under 75% of it. Leave blank to size on the price alone.

    02 - The Numbers at Closing

    Priced at the list price.

    ItemOption 1Option 2

    *Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.

    We are the lender, not the listing agent. This property is listed by Matthew Fletcher, Seven Gables Real Estate ((949) 677-3618). To see it or make an offer, contact Matthew directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.

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