Real estate investor and long time Southern California real estate agent was seeking a cash-out 2nd TD on this owner occupied property in Newport Coast, Orange County. Proceeds from this loan were used to help purchase another real estate investment property.
The subject property is a very private Mediterranean style SFR that sits on a 6,156 SF lot in a gated community. The property is located next to dedicated open space and has beautiful ocean and canyon views. The subject is a 2-story 3,858 SF home with 4 BR and 4.5 BA, 3 car garage. The property is close to Newport Coast Drive, PCH and the 73 Toll Road. Crystal Cove State Park & Beach and Pelican Hill Resort are just a few minutes away as are schools, shopping, restaurants, recreation and medical facilities. The owner lives in the property but also rents the home thru Airbnb from time to time.