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Diego Magdaleno

1Vision Real Estate

diego@1visionproperties.com +1(714) 376-8652

$4,200,000

Est. payment - /mo

3,249 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision West Newport Beach (Wsnb)

MLS Listing ID NP24123545

HOA Y/N No

Year Built 1968

Lot Size 3,249 Sqft

Property Sub-Type Duplex

Property Description

Welcome to 1811 W. Bay Ave, a rare bayfront duplex with a prime location directly in front of the tranquil sandy bay beach of picturesque Marina Park. This 6-bedroom, 4-bathroom property offers approximately 3,000 square feet of living space and includes a 4-car garage, presenting an incredible opportunity to create your ideal bayfront dream. Owned by the same family for over 60 years, this property is ready for your vision. Options abound:
Investors: Rent out the existing two 3-bedroom, 2-bath units to maximize income, with combined rents approximated at $15,000/month in its current condition and with a little refresh, much more.
Homeowners: Live in one unit and rent out the other, or transform the property into your very own bayfront home with additional income.
Developers: Explore a condo conversion opportunity to create two separate residences.
Short-term lodging is permissible (subject to permitting), adding flexibility to your investment. For those considering a 1031 exchange, this is an ideal candidate.
BONUS OPPORTUNITY: The neighboring duplex at 1809 W. Bay is also available for sale, offering an exceptionally rare chance to own two side-by-side bayfront properties.
Don't miss this unique chance to secure a premier bayfront location with unlimited potential. Your coastal dream awaits!

Location

State CA

County Orange

Area N8 - West Newport - Lido

Interior

Interior Features Living Room Deck Attached

Heating Forced Air

Cooling None

Flooring Carpet

Fireplaces Type Living Room

Inclusions washer/dryer and any existing appliances

Fireplace Yes

Appliance Dishwasher, Electric Range

Laundry In Garage

Exterior

Parking Features Garage, Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Fence None

Pool None

Community Features Suburban

Utilities Available Natural Gas Connected, Water Connected

Waterfront Description Across the Road Water Frontage,Beach Access,Beach Front,Bayfront

View Y/N Yes

View Bay, Back Bay, City Lights, Harbor, Marina, Water

Roof Type Spanish Tile

Total Parking Spaces 4

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 04718111

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Trust

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Listed by Annie Clougherty • Compass • annie.clougherty@compass.com

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1811 W Bay AVE Newport Beach, CA 92663