3,249 Sqft Lot
3,249 Sqft Lot
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 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 $13,500/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 single-family bayfront home with an ADU.
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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Agent | License ID: 02151470