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Levon Arzumanyan

levon.a@theagencyre.com +1(213) 414-8088

$ 4,725,000

Est. payment -/mo

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1809 W Bay AVE Newport Beach, CA 92663

5 Beds

4 Baths

3,078 SqFt

UPDATED:

10/13/2024 12:33 AM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,078 sqft

Price per Sqft $1,535

Subdivision West Newport Beach (Wsnb)

MLS Listing ID NP24157791

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

Zoned as a BAYFRONT TRIPLEX, but currently configured as a completely REMODELED 5-BD DUPLEX, this is a terrific opportunity to own a lucrative investment opportunity located directly on one of the most beautiful bay beaches of the Newport Peninsula & only one block from the crashing waves of the beach! Recently upgraded with renovated bathrooms, kitchens, carpet, lighting, and fresh paint, 1809 W Bay is turnkey and ready for immediate occupancy. The bright lower unit is approx 1,100sqft and offers 2-BD/2-BA. The spacious upper unit with vaulted ceilings and tons of natural light is approx 1,890sqft and offers 3-BD/2-BA + a sunroom (3rd bedroom currently configured as an open bonus room). The upper unit is being used as a combined owners unit but was previously separated as 2 units - this can be done again by adding a door as the property has 3 SEPARATE METERS and is zoned a TRIPLEX. A rare four car garage offers ample parking along with two separate laundry facilities. In addition, a duplex directly next door is also for sale (1811 W. Bay MLS ID# NP24123545) so there is an opportunity to purchase two bayfront properties side-by-side. 1809 W. Bay offers the potential for diverse income streams and the possibilities are limitless, making it an ideal investment not only for seasoned investors but also those seeking a bayfront Newport Beach property with mesmerizing harbor views both day and night. Rental income in current configuration is $15K/month approx.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Rooms

Main Level Bedrooms 2

Ensuite Laundry In Garage

Interior

Interior Features Balcony, Ceiling Fan(s), High Ceilings, Quartz Counters, Bar, Bedroom on Main Level, Main Level Primary, Primary Suite, Walk-In Closet(s)

Laundry Location In Garage

Heating Forced Air

Cooling Ductless, Electric

Flooring Carpet, Vinyl

Fireplaces Type Family Room

Inclusions washer/dryer/refrigerator

Fireplace Yes

Appliance Built-In Range, Dishwasher, Gas Range

Laundry In Garage

Exterior

Garage Garage, Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Fence Stone

Pool None

Community Features Curbs, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Overhead Utilities

View Y/N Yes

View Bay, City Lights, Coastline, Harbor, Marina, Panoramic, Water

Roof Type Shingle

Parking Type Garage, Garage Faces Rear

Attached Garage Yes

Total Parking Spaces 4

Private Pool No

Building

Dwelling Type Triplex

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04718112

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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

Levon Arzumanyan

Director, Estates Division | License ID: 01836944

+1(213) 414-8088

Levon Arzumanyan

1809 W Bay AVE Newport Beach, CA 92663

Key Details

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Rooms

Interior

Exterior

Building

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1809 W Bay AVE