Newport Beach, CA 92663,1809 W Bay AVE
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Newport Beach, CA 92663,1809 W Bay AVE
Newport Beach, CA 92663,1809 W Bay AVE
Newport Beach, CA 92663,1809 W Bay AVE
Newport Beach, CA 92663,1809 W Bay AVE
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$ 4,725,000
Est. payment /mo
Hold

1809 W Bay AVE Newport Beach, CA 92663

5 Beds

4 Baths

3,078 SqFt


UPDATED:

11/20/2024 09:51 PM

Key Details

Property Type Other Types

Sub Type Triplex

Listing Status Hold

Purchase Type For Sale

Square Footage 3,078 sqft

Price per Sqft $1,535

Subdivision West Newport Beach (Wsnb)

MLS Listing ID NP24157791

Bedrooms 5

Full Baths 4

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1968

Lot Size 3,162 Sqft

Acres 0.0726

Property Description

You will not find a better view in all of Newport Beach with this much square footage at this price!!!!!!!!!!!!!!!!!! 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, available fully furnished, 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. 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.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Rooms

Other Rooms Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Suite, Walk-In Closet

Master Bathroom 2

Main Level Bedrooms 2

Interior

Interior Features Balcony, Bar, Ceiling Fan(s), High Ceilings, Quartz Counters

Heating Forced Air

Cooling Ductless, Electric

Flooring Carpet, Vinyl

Fireplaces Type Family Room

Inclusions washer/dryer/refrigerator

Fireplace Yes

Appliance Built-In Range, Dishwasher, Gas Range

Laundry In Garage

Exterior

Garage Garage, Garage Faces Rear

Garage Spaces 4.0

Fence Stone

Pool None

Community Features Curbs, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

View Y/N Yes

View Bay, City Lights, Coastline, Harbor, Marina, Panoramic, Water

Roof Type Shingle

Private Pool No

Building

Lot Description Utilities - Overhead

Dwelling Type Triplex

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Schools

School District Newport Mesa Unified

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

SIGN ON PROPERTY 1

TERMS Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS The upstairs was previously a 2 unit. It is now set up as a one unit up and one unit down, however, with a new door, it can easily be a three-unit again. Also, the back unit was a two-bedroom, now a one-bedroom, so you can add another bedroom to the 3rd unit easily for more rent. All pro formas are based on it being a three-unit again (rent at $15K approx). Currently, the third unit has a bar where the small kitchen had been. Some neighboring properties have been converted to condos for sale. Buyer to investigate whether that is a possibility through the city (https://www.codepublishing.com/CA/NewportBeach/html/NewportBeach19/NewportBeach1964.html). There is limited rental history as the family inherited the property. The upstairs was always for family members and the downstairs was rented at times out. Thus, why rental history and financials are at zero. Please note, only the downtstairs unit has AC, not upstairs. Some photos have had the exterior paint and trim edited to demonstrate potential look with new paint. Seller is open to seller financing.

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Annie Clougherty

SHOW CONTACT PH 949-375-3037

SHOW INSTRUCTIONS Contact Annie to schedule a private showing.


CRMLS Plus
Listed by Compass

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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1809 W Bay AVE