1811 W Bay Avenue
$4,515,000
Description
1811 W Bay Avenue,
Newport Beach,
CA
92663
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) 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.
This is an Pending listing.
Broker Office Phone Number: 949-438-4340
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Amenities
- Carpet
- Carpeted Floors
- Dishwasher
- Washer / Dryer
- Garage
Listing By: Compass via Data Source: California Regional Multiple Listing Service, Inc
Duplex Homes
Property type
Newpor
Schools
Newpor
Elementary
Ensign
Middle
Newhar
High
Price History
date | price | variance | type |
---|
10/21/2024 | $4,515,000 | - | Contract |
10/2/2024 | $4,515,000 | 7.76 % | decreased |
6/19/2024 | $4,895,000 | - | Listed |
listing agent: Annie Clougherty