1811 W Bay AVE Newport Beach, CA 92663
Active
$4,515,000
8%
2 Units
6 Beds
4 Baths
3,092 Area(sq.ft.)
3,250 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | n/a | $ 4,500 | $ 5,500 |
| Unit 2 | 1 | 3 | 2 | No | n/a | $ 6,500 | $ 7,500 |
| 2 | 2 | 6 | 4 | $ 0 | $ 11,000 | $ 13,000 |
| MLS #: | NP24123545MR |
| Days On Market: | 124 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,460 |
| Price per unit: | $ 2,257,500 |
| Year Built: | 1968 |
Property Details
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, MLS ID#NP24060094) 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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 0 |
Structure
| Community Features: | Suburban |
| Sewer: | Public Sewer |
| View Description: | Back Bay, Bay, City Lights, Harbor, Marina, Water |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Garage |
Interior
| Cooking Appliances: | Range |
| AC/Cooling: | None |
| Equipment: | Dishwasher, Garage |
| Heating: | Forced Air |
| Fireplace Rooms: | Living Room |
| Laundry: | Garage |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Spanish Tile |
| Spa: | No |
Detailed Map
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