$4,725,000
Beds:
5
Baths:
4
Sqft:
3,078
Sqft lot:
3,162
Acre lot:
0.07
45 Days On Market -
Courtesy of Compass.
Status:
Active
Property Type:
Attached
Year Built:
1968
Days On Website:
45
Description
Zoned as a BAYFRONT TRIPLEX, but currently configured as a completely REMODELED 5-BD DUPLEX, this is a terrific opportunity to own a lucrative investment opportunity located directly on one of the most beautiful bay beaches of the Newport Peninsula & only one block from the crashing waves of the beach! Recently upgraded with renovated bathrooms, kitchens, carpet, lighting, and fresh paint, 1809 W Bay is turnkey and ready for immediate occupancy. The bright lower unit is approx 1,100sqft and offers 2-BD/2-BA. The spacious upper unit with vaulted ceilings and tons of natural light is approx 1,890sqft and offers 3-BD/2-BA + a sunroom (3rd bedroom currently configured as an open bonus room). The upper unit is being used as a combined owners unit but was previously separated as 2 units - this can be done again by adding a door as the property has 3 SEPARATE METERS and is zoned a TRIPLEX. A rare four car garage offers ample parking along with two separate laundry facilities. In addition, a duplex directly next door is also for sale (1811 W. Bay MLS ID# NP24123545) so there is an opportunity to purchase two bayfront properties side-by-side. 1809 W. Bay offers the potential for diverse income streams and the possibilities are limitless, making it an ideal investment not only for seasoned investors but also those seeking a bayfront Newport Beach property with mesmerizing harbor views both day and night. Rental income in current configuration is $15K/month approx.
Features
Bathrooms
- 4 full bathrooms
- 4 total bathrooms
Bedrooms
- 5 bedrooms
- 5 total bedrooms
Building
- 3,078 estimated square feet
- Built in 1968
- 2 stories
- 2 story
Cooling
- Electric
Exterior Features
- Stone
- Wood
Floors
- Carpet
- Linoleum/Vinyl
Water Features
- Public
Heating
- Forced Air Unit
Laundry
- Garage
Listing
- Source: SDMLS
- For Sale
- 51 days on market
- Listed on 2024-07-31
Location
- County: Orange
Lot
- Approximately 3,162 square feet
- 1-3,999 SF
- Approximately 0 acres
Garage
- 4 garage parking spaces
- Garage
Parking
- 4 total parking spaces
Property
- Bay
- Panoramic
- Marina
- Water
- Coastline
- Harbor
- City Lights
Roof
- Shingle
Sewer
- Public Sewer
Property Map
Map View
$4,725,000 - 1809 W Bay Avenue, Newport Beach, CA 92663
Street View
Directions
1809 W Bay Avenue
Newport Beach, CA 92663
County: Orange