1811 Bay Avenue , Newport Beach, CA - 92663, Newport Beach CA is for sale :

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Dmitry Litvishkov (310)-709-4920

1811 Bay Avenue , Newport Beach, CA - 92663 is For Sale

Details

Price : $4,895,000

Address : 1811 Bay Avenue

City : Newport Beach

State : CA

Area : N8 - West Newport - Lido

Property Type : Residential Income

Sq M : 302 M²

Total Units : 2

MLS# : NP24123545

Lot Size (Acres) : 0.0746 ac

Property Description

Newport Beach Home For Sale. 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.

Listed By

Compass

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