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1103 W Bay Avenue

Newport Beach, CA 92661
  • $3,625,000
  • STATUS: Active
  • ON SITE: 150 Days
  • ID#: NP23119674
$3,625,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Zach Bateman of Re/Max One (949-204-2192) and Richard Caceres of Re/Max One(949-204-2192)


Description

This is a rare opportunity to own a well-maintained mid-century duplex in the highly coveted "West Bay Ave" in Newport Beach. The property sits on 2,700 sqft lot and boasts 2,596 sqft of living space. This charming duplex is located just a few steps away from the picturesque Newport Bay and only three houses from the oceanfront. This highly sought-after location offers a lifestyle that blends coastal charm & beauty and endless recreational opportunities, making it a savvy investment opportunity.The upstairs unit has stunning views of Newport Bay and features 3 bedrooms, 2 full bathrooms, a den, an elevator, a private outside patio with a wet bar, and a big balcony to enjoy an indoor/outdoor living experience. It also has separate laundry facilities, central heating, interior and exterior staircases, and a 2-car direct access garage (plus an additional covered carport) with ample storage. The downstairs unit has 2 bedrooms, 1 full bathroom, an expansive patio designed for the quintessential indoor/outdoor Newport Beach lifestyle, central heating, a private rear patio, and separate laundry. Both units also have access to a hot/cold outdoor shower.This property offers various possibilities. You can live in one unit and rent out the other to offset your mortgage. Alternatively, you can use the elevator/indoor staircase to make this property more like an SFR by using both units for yourself. Another option is to rent out both units at current market rents. This property is conveniently located near the Balboa Fun Zone, Lido Village, restaurants, boutiques, and much more.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/141226629
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1103 W Bay Avenue Newport Beach, CA 92661

  • Price: $3,625,000
  • Status: Active
  • On Site: 150 Days
  • ID#: NP23119674
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1959
Built
Neighborhood:
Balboa Peninsula (Residential) (Balp)
County:
Orange
Area:
NP - Balboa Peninsula
Property Description
This is a rare opportunity to own a well-maintained mid-century duplex in the highly coveted "West Bay Ave" in Newport Beach. The property sits on 2,700 sqft lot and boasts 2,596 sqft of living space. This charming duplex is located just a few steps away from the picturesque Newport Bay and only three houses from the oceanfront. This highly sought-after location offers a lifestyle that blends coastal charm & beauty and endless recreational opportunities, making it a savvy investment opportunity.The upstairs unit has stunning views of Newport Bay and features 3 bedrooms, 2 full bathrooms, a den, an elevator, a private outside patio with a wet bar, and a big balcony to enjoy an indoor/outdoor living experience. It also has separate laundry facilities, central heating, interior and exterior staircases, and a 2-car direct access garage (plus an additional covered carport) with ample storage. The downstairs unit has 2 bedrooms, 1 full bathroom, an expansive patio designed for the quintessential indoor/outdoor Newport Beach lifestyle, central heating, a private rear patio, and separate laundry. Both units also have access to a hot/cold outdoor shower.This property offers various possibilities. You can live in one unit and rent out the other to offset your mortgage. Alternatively, you can use the elevator/indoor staircase to make this property more like an SFR by using both units for yourself. Another option is to rent out both units at current market rents. This property is conveniently located near the Balboa Fun Zone, Lido Village, restaurants, boutiques, and much more.
Exterior Features

Architectural Style Bungalow Carport YN Yes Entry Level 2 Entry Location front door or garage Foundation Details Slab Lot Features Walkstreet Number Of Separate Electric Meters 2 Parking Features CarportGarage Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View Bay View YN Yes Waterfront Features Across the Road from Lake/OceanBeach AccessOcean Access

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Wood Interior Features Multiple Primary Suites

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Contingency Information deemed reliable but not guaranteed. Buyer to verify property square footagelot sizeand property details if factor in purchase. Listing agent and brokerage make no representations or warranties about the property details. Buyer’s responsibility to perform all property investigations. Current Financing None Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features Common AreaInsideLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 ExchangeFHA 203(k)Government LoanOwner Will CarryOwner May CarrySubmitVA Loan Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 0 Possession Close Of Escrow Property Condition Repairs Cosmetic Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Utilities Cable AvailableElectricity AvailableNatural Gas AvailableWater Available Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Zach Bateman of Re/Max One (949-204-2192) and Richard Caceres of Re/Max One(949-204-2192)