Homes for sale - 1811 W Bay AVE, Newport Beach, CA 92663

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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 4,515,000

Est. payment -/mo

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1811 W Bay AVE Newport Beach, CA 92663

3,092 SqFt

UPDATED:

11/19/2024 04:06 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Hold

Purchase Type For Sale

Square Footage 3,092 sqft

Price per Sqft $1,460

Subdivision West Newport Beach (Wsnb)

MLS Listing ID NP24123545

HOA Y/N No

Year Built 1968

Lot Size 3,249 Sqft

Acres 0.0746

Property Description

Bayfront Location! 1811 W. Bay is a BAYFRONT 6-BD DUPLEX with 4-car garage located directly in front of the serene, sandy bay beach of picturesque Marina Park! Owned by the same family for over 60 years, this is a fixer opportunity to make an original bayfront property your own; choose to rent out the existing 3-BD/2-BA units to maximize investment income, OR live in one unit and rent out the other, OR possibly even transform the entire 3,000sf property into your very own single-family bayfront home/two separate condos. The possibilities are endless and the property is an ideal candidate for a 1031 exchange. Combined income is approximated at $13,500/month. Short-term lodging is permissible, however, there is currently no active permit. In addition, another duplex located directly next door (1809 W Bay, MLS ID#NP24060094) is also currently for sale. If both are purchased together (not required) it makes an exceptionally rare opportunity to own TWO side-by-side bayfront properties. Very easy to show, call today for a private tour.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Rooms

Other Rooms Kitchen, Living Room

Interior

Interior Features Living Room Deck Attached

Heating Forced Air

Cooling None

Flooring Carpet

Fireplaces Type Living Room

Inclusions washer/dryer and any existing appliances

Fireplace Yes

Appliance Dishwasher, Electric Range

Laundry In Garage

Exterior

Garage Garage, Garage Faces Rear

Garage Spaces 4.0

Fence None

Pool None

Community Features Suburban

Utilities Available Natural Gas Connected, Water Connected

Waterfront Description Bay Front,Beach Access,Beach Front,Waterfront With Home Across Road

View Y/N Yes

View Back Bay, Bay, City Lights, Harbor, Marina, Water

Roof Type Spanish Tile

Private Pool No

Building

Lot Description Level with Street

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Special Listing Condition Trust

Confidential INFO

TERMS Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS Floorplan available in supplements. Lower 3-bd unit approx 1,158sf; upper 3-bd unit approx 1,880sf. Property is not currently tenant-occupied. Projected monthly income estimated at $13,500 ($6000 for lower unit and $7500 for upper unit. Upper unit has bonus loft area that can possibly be converted to a 4th bedroom). Monthly rents based on neighborhood averages, buyers to do their own due diligence to determine rental pricing. Seller is open to seller financing.

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Annie

SHOW CONTACT PH 949-375-3037

SHOW INSTRUCTIONS Call Annie to show 949-374-3037.

Listed by Compass

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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