• Asking Price $4,515,000
  • Estimated Value: $4,605,130

  • 1811 W BAY AVE NEWPORT BEACH, CA 92663

  • 6 Beds 4 Baths 3,092 SqFt
  • Multi-family (5 or more units) / Resale (MLS)
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Property Details for 1811 W BAY AVE, NEWPORT BEACH, CA 92663

Features

  • Price/sqft: $1,460
  • Lot Size: 3178
  • Total Units: 2
  • Total Rooms: 11
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen, Living Room
  • Heating: Forced Air Heating

Facts

  • Year Built: 01/01/1968
  • Property ID: 892583213
  • MLS Number: NP24123545
  • Parcel Number: 047-181-11
  • Property Type: Multi-family (5 or more units)
  • County: ORANGE
  • 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. 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 $13,000/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.

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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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