5 Beds
4 Baths
3,078 SqFt
5 Beds
4 Baths
3,078 SqFt
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 3,078 sqft
Price per Sqft $1,502
MLS Listing ID NP24242518
Style Townhome
Bedrooms 5
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1968
Lot Size 3,162 Sqft
Acres 0.0726
Property Description
A Rare Investment Opportunity on the Newport Peninsula Offered fully furnished, 1809 W. Bay presents an unparalleled opportunity to own a lucrative investment property directly on one of the most beautiful bay beaches in Newport Beach, just a block from the crashing waves of the ocean. With breathtaking harbor views and practically bayfront, generous square footage, and a price per square foot that makes this property an incredible value, this is an opportunity you dont want to miss! Key Features: Two Units, Flexible Layout: Lower Unit: Approx. 1,100 sqft | 2-BD/2-BA Upper Unit: Approx. 1,890 sqft | 3-BD/2-BA + a sunroom (currently configured as a bonus room). The upper unit, with its vaulted ceilings and abundant natural light, is currently used as a combined owners unit but can easily be reconfigured into two separate units, thanks to three separate meters. Recent Upgrades: Renovated bathrooms, modernized kitchens, updated carpet and lighting, and fresh paint make this property turnkey and ready for immediate occupancy. Exceptional Amenities: A rare four-car garage provides ample parking, and two separate laundry facilities enhance convenience. Rental & Investment Potential: Current rent projections for the units in their existing condition are approximately $15,500/month. Can be approved for condo conversion with city approval, offering the potential to sell units separately. Comparable sales from 2020 and 2023 confirm the incredible value of this property, with no other offering on the market matching its combination of view, square footage, and price per square foot. The seller is motivated and says, Bring an offer! Whether youre a seasoned investor or seeking a stunning bayfront property, the income potential and lifestyle opportunities here are limitless. Dont waitthis is your chance to own a remarkable piece of Newport Beach with views that will leave you in awe, day and night.
Location
State CA
County Orange
Area Oc - Newport Beach (92663)
Interior
Interior Features Balcony, Bar
Cooling Electric
Flooring Carpet, Linoleum/Vinyl
Fireplaces Type FP in Family Room
Equipment Dishwasher, Gas Range
Appliance Dishwasher, Gas Range
Laundry Garage
Exterior
Exterior Feature Stone, Wood
Parking Features Garage
Garage Spaces 4.0
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
View Bay, Panoramic, Marina, Water, Coastline, Harbor, City Lights
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 1-3999 SF
Sewer Public Sewer
Water Public
Level or Stories 2 Story
Construction Status Updated/Remodeled
Others
Acceptable Financing Cash To New Loan
Listing Terms Cash To New Loan
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1420 Kettner Blvd Suite 100, Diego, California, 92101, United States