• Asking Price $4,725,000
  • Estimated Value: $3,999,310

  • 1809 W BAY AVE NEWPORT BEACH, CA 92663

  • 5 Beds 3 Baths 3,078 SqFt
  • Multi-family (5 or more units) / Resale (MLS)
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Property Details for 1809 W BAY AVE, NEWPORT BEACH, CA 92663

Features

  • Price/sqft: $1,535
  • Lot Size: 3066 sq. ft.
  • Total Units: 3
  • Total Rooms: 10
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Kitchen, Living Room
  • Heating: Forced Air Heating

Facts

  • Year Built: 01/01/1968
  • Property ID: 877314921
  • MLS Number: NP24167542
  • Parcel Number: 047-181-12
  • Property Type: Multi-family (5 or more units)
  • County: ORANGE
  • Legal Description: A TR NEWPORT BEACH SEC B BLK 218 LOT 14 NEWPORT BEACH SEC B LOT 14 BLK 218 AND POR NE1/4
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Zoned as a BAYFRONT TRIPLEX, but currently configured as a completely REMODELED 5-BD DUPLEX, this is a terrific opportunity to own a lucrative investment opportunity located directly on one of the most beautiful bay beaches of the Newport Peninsula & only one block from the crashing waves of the beach! Recently upgraded with renovated bathrooms, kitchens, carpet, lighting, and fresh paint, 1809 W Bay is turnkey and ready for immediate occupancy. The bright lower unit is approx 1,100sqft and offers 2-BD/2-BA. The spacious upper unit with vaulted ceilings and tons of natural light is approx 1,890sqft and offers 3-BD/2-BA + a sunroom (3rd bedroom currently configured as an open bonus room). The upper unit is being used as a combined owners unit but was previously separated as 2 units - this can be done again by adding a door as the property has 3 SEPARATE METERS and is zoned a TRIPLEX. A rare four car garage offers ample parking along with two separate laundry facilities. In addition, a duplex directly next door is also for sale (1811 W. Bay MLS ID# NP24123545) so there is an opportunity to purchase two bayfront properties side-by-side. 1809 W. Bay offers the potential for diverse income streams and the possibilities are limitless, making it an ideal investment not only for seasoned investors but also those seeking a bayfront Newport Beach property with mesmerizing harbor views both day and night.

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Property Brokerage: Compass 520 Newport Center Dr. Ste 330 Newport Beach CA 92660
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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