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1103 W Bay Avenue Newport Beach, CA 92661
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Key Details
Sold Price $3,300,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,596 sqft
Price per Sqft $1,271
Subdivision Balboa Peninsula (Residential)
MLS Listing ID NP-23115865
Sold Date 02/14/24
Style Bungalow
Bedrooms 5
Full Baths 3
Year Built 1959
Lot Size 2,700 Sqft
Property Description
Seller Financing Available--Step into this duplex in Newport Beach and discover a world of untapped potential waiting for you! This vintage charming duplex is ideally situated in a prime location, just steps away from the beach and the picturesque Newport Bay. Boasting bay views, this residence offers a truly wonderful experience. Upstairs unit - 3 bedrooms/2 full bathrooms. Balcony, private patio, & a loft/office space. Downstairs unit - 2 bedrooms and 1 full bath with private patio. This Duplex offers a 2 car spacious garage with an additional covered carport, allowing 3 car parking. This unique structure / floor plan has an elevator + an indoor staircase leading to both levels & attached garage. Sitting on a 2.7k sqft bigger lot allows a lucrative opportunity to go multiple avenues. Live in one unit & rent out the other to offset your mortgage. Utilize the elevator / indoor staircase to use this property more like an SFR using both units for yourself. Rent out both units at current market rents. Or you can build a new construction duplex with 2 units R2 (or a SFR w/ JADU - do your buyer due diligence through the city on what you can build) - Front unit would boast bay views and the back unit may have potential ocean views off the rooftop deck. This highly sought-after location offers a lifestyle that blends coastal charm, endless recreation, savvy investment and breathtaking views all in one. All while being very close to restaurants, boutiques, shopping & much more!
Location
State CA
County Orange
Interior
Cooling None
Flooring Wood
Fireplaces Type None
Laundry Common Area, Individual Room, Inside
Exterior
Parking Features Carport
Garage Spaces 2.0
Pool None
Community Features Sidewalks
Utilities Available Water Available, Cable Available, Electricity Available, Natural Gas Available
View Y/N Yes
View Bay
Building
Lot Description Walkstreet
Sewer Public Sewer
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