1809 W Bay AVE Active

Newport Beach,CA 92663

$ 4725000

5 Beds

4 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision West Newport Beach (Wsnb)

MLS Listing ID NP24157791

Bedrooms 5

Full Baths 4

Year Built 1968

Lot Size 3,162 Sqft

Property Description

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.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Rooms

Ensuite Laundry In Garage

Interior

Laundry Location In Garage

Heating Forced Air

Cooling Ductless,Electric

Flooring Carpet,Vinyl

Fireplaces Type Family Room

Inclusions washer/dryer/refrigerator

Laundry In Garage

Exterior

Garage Garage,Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Fence Stone

Pool None

Community Features Curbs,Sidewalks

Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Overhead Utilities

View Y/N Yes

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

Roof Type Shingle

Building

Dwelling Type Triplex

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Newport Mesa Unified

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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