Active
1809 W Bay Avenue
Newport Beach CA, 92663
$4,725,000
$1,535.09 per sqft
Active
5 Beds
4 Baths
3,078 sqft
Multi-family
Built in 1968
Listed by Annie Clougherty with Compass [email protected]
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. Rental income in current configuration is $15K/month approx.
NP24157791
MLSⓇ ID
August 1, 2024
Listed
October 29, 2024
Updated
Map
1809 W Bay Avenue
Newport Beach CA, 92663
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Balcony, Ceiling Fan(s), High Ceilings, Quartz Counters, Bar, Bedroom on Main Level, Main Level Primary, Primary Suite, Walk-In Closet(s)
Appliances
Built-In Range, Dishwasher, Gas Range
Laundry Description
In Garage
Floor Description
Carpet, Vinyl
Fireplace
Yes
Fireplace Description
Family Room
Cooling
Yes
Cooling Description
Ductless, Electric
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.07 Acres
Roof
Shingle
Sewer
Public Sewer
School Information
School District
Newport Mesa Unified
Other Property Details
Area Name
N8 - West Newport - Lido
Days on Market
85
Garage
Yes
Garage Spaces
4
Parking
Garage, Garage Faces Rear
Parking Total
4
View
Yes
View Description
Bay, City Lights, Coastline, Harbor, Marina, Panoramic, Water
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listing Contact: 949-438-4340
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/29/2024 at 9:48 PM UTC