49
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$4,200,000
Est. payment /mo
Active
1811 W Bay AVE Newport Beach, CA 92663
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNP24123545
Originating Board California Regional MLS
Year Built 1968
Lot Size 3,250 Sqft
Property Sub-Type Duplex
Property Description
Back on market. Buyer could not perform. Subject to cancelation of existing escrow. Bayfront Opportunity - Endless Potential! Welcome to 1811 W. Bay Ave, a rare bayfront duplex with a prime location directly in front of the tranquil sandy bay beach of picturesque Marina Park. This 6-bedroom, 4-bathroom property offers approximately 3,000 square feet of living space and includes a 4-car garage, presenting an incredible opportunity to create your ideal bayfront dream. Owned by the same family for over 60 years, this property is ready for your vision. Options abound: Investors: Rent out the existing two 3-bedroom, 2-bath units to maximize income, with combined rents approximated at $14,000/month in its current condition and with a little refresh, much more. Homeowners: Live in one unit and rent out the other, or transform the property into your very own single-family bayfront home with an ADU. Developers: Explore a condo conversion opportunity to create two separate residences. Short-term lodging is permissible (subject to permitting), adding flexibility to your investment. For those considering a 1031 exchange, this is an ideal candidate. BONUS OPPORTUNITY: The neighboring duplex at 1809 W. Bay is also available for sale, offering an exceptionally rare chance to
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Kitchen Dishwasher, Oven Range - Electric
Interior
Heating Forced Air
Cooling None
Laundry In Garage
Exterior
Parking Features Garage
Garage Spaces 4.0
Pool 31, None
View Bay, Marina, Water, City Lights
Roof Type Tile
Building
Lot Description Grade - Level
Foundation Concrete Slab
Water District - Public
Others
Tax ID 04718111
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Listed by Annie Clougherty • Compass