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    517 W Bay Avenue

    Newport Beach, CA 92661
    • $2,695,000
    • STATUS: Pending
    • ON SITE: 109 days
    • ID#: NP21076914
    Pending
    $2,695,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,049
      SQFT
    • $884
      $/SQFT
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    Just a block from the beach and the bay, this generously proportioned, turn-key duplex presents a wonderful investment opportunity in one of the very best locations on Balboa Peninsula. Upstairs a fabulous four bedroom owners' unit offers expansive light, bright living space. The vaulted ceiling great room with fireplace adjoins a sunny kitchen with breakfast bar and dining nook. The large sunny terrace offers pleasing views of the tree-lined street and fun-filled beach locale. Four commodious bedrooms, two remodeled baths and private laundry complete the upper unit. The lower level three bedroom, two bath unit has been freshly painted and carpeted and is ready to roll! The living room has its own fireplace and sliding doors that open to a private front patio. A large two car garage completes this wonderful income opportunity that is uniquely well-suited for an owner/resident to live steps from the sand and benefit from income below. Don't let this one pass you by!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. 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. Licensed in the State of California, USA.
    www.twissrealty.com/homes/116047550
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    517 W Bay Avenue Newport Beach, CA 92661

    • Price: $2,695,000
    • Status: Pending
    • ID#: NP21076914
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    3,049
    SQFT
    $884
    $/SQFT
    1971
    Built
    Neighborhood:
    Balboa Peninsula (Residential) (Balp)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    Property Description
    Just a block from the beach and the bay, this generously proportioned, turn-key duplex presents a wonderful investment opportunity in one of the very best locations on Balboa Peninsula. Upstairs a fabulous four bedroom owners' unit offers expansive light, bright living space. The vaulted ceiling great room with fireplace adjoins a sunny kitchen with breakfast bar and dining nook. The large sunny terrace offers pleasing views of the tree-lined street and fun-filled beach locale. Four commodious bedrooms, two remodeled baths and private laundry complete the upper unit. The lower level three bedroom, two bath unit has been freshly painted and carpeted and is ready to roll! The living room has its own fireplace and sliding doors that open to a private front patio. A large two car garage completes this wonderful income opportunity that is uniquely well-suited for an owner/resident to live steps from the sand and benefit from income below. Don't let this one pass you by!
    Exterior Features

    Carport Spaces 0 Entry Location Ground Level Lot Features Level Number Of Separate Electric Meters 2 Parking Features Direct AccessGarage Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Spa Features None Spa YN No View City LightsNeighborhood View YN Yes

    Interior Features

    Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features Gas StarterLiving RoomSee Remarks Fireplace YN Yes Flooring CarpetTileWood Heating Forced AirNatural Gas Heating YN Yes Interior Features Balcony

    Property Features

    Additional Parcels YN No Association Fee 0 Association Fee2 0 Common Interest None Community Features BikingStorm Drain(S)Street LightsSidewalksUrbanWater Sports Contingency Buyer To Cooperate in Sellers' 1031 Exchange At No Expense To Buyer. Replacement Property Has Not Been Identified. Upper Unit Lease Runs Through July 2021. Disclosures Coastal Zone Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease Amount 0 Land Lease YN No Laundry Features InsideSee Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Net Operating Income 0 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 0 Possession Close Of Escrow Property Condition Updated/Remodeled Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0 Water Source Public

    Listing provided courtesy of Tara Foster Shapiro of Pacific Sotheby's Int'l Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. 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. Licensed in the State of California, USA.
     
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