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$4,200,000

Est. payment - /mo

Active

1811 W Bay AVE Newport Beach, CA 92663

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Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,092 sqft

Price per Sqft $1,358

MLS Listing ID CRNP24255097

Bedrooms 6

Full Baths 4

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 ow

Location

State CA

County Orange

Area N8 - West Newport - Lido

Rooms

Dining Room In Kitchen, Dining Area in Living Room

Kitchen Dishwasher, Oven Range - Electric

Interior

Heating Forced Air

Cooling None

Fireplaces Type Living Room

Laundry In Garage

Exterior

Parking Features Garage

Garage Spaces 4.0

Fence None

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

Virtual Tour https://www.dropbox.com/scl/fi/3dqhreq7dqtnqfunqg1h4/1811-W-Bay-Ave-Newport-Beach-CA-Unbranded-Original.mp4?rlkey=qq7cc7vvengc3dcrhxkixu3so&st=yl18hxms&dl=0

Listed by Annie Clougherty • Compass

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321