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

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Anthony Napoli

realestate@anthonynapoli.com +1(619) 750-3558

$4,515,000

Est. payment - /mo

6 Beds

4 Baths

3,250 Sqft Lot

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UPDATED:

12/31/2024 07:58 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP24123545

Bedrooms 6

HOA Y/N No

Lot Size 3,250 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.
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 Oc - Newport Beach (92663)

Zoning Assessor

Interior

Appliance Forced Air Unit

Exterior

Exterior Feature Stucco

Building

Story 2

Lot Size Range 1-3999 SF

Level or Stories 2 Story

Others

Monthly Total Fees $44

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Listed by Annie Clougherty • Compass

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Anthony Napoli

+1(619) 750-3558

Agent | License ID: 01311452

Agent License ID: 01311452

1811 W Bay Avenue Newport Beach, CA 92663

Anthony Napoli

Key Details

Location

Interior

Exterior

Building

Others

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