1811 W Bay AVE, Newport Beach, CA 92663 - MLS#NP24123545

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Katrina Smith

katrina.smith@pinpointproperties.com +1(949) 209-9004

$4,515,000

Est. payment - /mo

3,249 Sqft Lot

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UPDATED:

12/10/2024 08:04 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision West Newport Beach (Wsnb)

MLS Listing ID NP24123545

HOA Y/N No

Year Built 1968

Lot Size 3,249 Sqft

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

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

Parking Features Garage, Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Fence None

Pool None

Community Features Suburban

Utilities Available Natural Gas Connected, Water Connected

Waterfront Description Across the Road Water Frontage,Beach Access,Beach Front,Bayfront

View Y/N Yes

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

Roof Type Spanish Tile

Total Parking Spaces 4

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 04718111

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Trust

Lease Land No

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Listed by Annie Clougherty • Compass • annie.clougherty@compass.com

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Katrina Smith

+1(949) 209-9004

Broker | DRE#01915697

Broker DRE#01915697