Newport Beach, CA 92661,1103 W Bay Avenue
Newport Beach, CA 92661,1103 W Bay Avenue
Newport Beach, CA 92661,1103 W Bay Avenue
41
$3,300,000
$3,525,000
6.4%
Est.Price: ?

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5 BD
3 BA
2,596 SqFt

1103 W Bay Avenue Newport Beach, CA 92661

Est. payment /mo
SOLD DATE : 02/14/2024

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Key Details

Sold Price $3,300,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,596 sqft

Price per Sqft $1,271

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP23115865

Bedrooms 5

Full Baths 3

Year Built 1959

Lot Size 2,700 Sqft

Property Description

Seller Financing Available--Step into this duplex in Newport Beach and discover a world of untapped potential waiting for you! This vintage charming duplex is ideally situated in a prime location, just steps away from the beach and the picturesque Newport Bay. Boasting bay views, this residence offers a truly wonderful experience. Upstairs unit - 3 bedrooms/2 full bathrooms. Balcony, private patio, & a loft/office space. Downstairs unit - 2 bedrooms and 1 full bath with private patio.

This Duplex offers a 2 car spacious garage with an additional covered carport, allowing 3 car parking.

This unique structure / floor plan has an elevator + an indoor staircase leading to both levels & attached garage. Sitting on a 2.7k sqft bigger lot allows a lucrative opportunity to go multiple avenues. Live in one unit & rent out the other to offset your mortgage. Utilize the elevator / indoor staircase to use this property more like an SFR using both units for yourself. Rent out both units at current market rents. Or you can build a new construction duplex with 2 units R2 (or a SFR w/ JADU - do your buyer due diligence through the city on what you can build) - Front unit would boast bay views and the back unit may have potential ocean views off the rooftop deck.

This highly sought-after location offers a lifestyle that blends coastal charm, endless recreation, savvy investment and breathtaking views all in one. All while being very close to restaurants, boutiques, shopping & much more!

Location

State CA

County Orange

Area Np - Balboa Peninsula

Interior

Cooling None

Flooring Wood

Fireplaces Type None

Laundry Common Area, Inside, Laundry Room

Exterior

Parking Features Carport, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Water Available

Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Access

View Y/N Yes

View Bay

Building

Lot Description Walkstreet

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Newport Mesa Unified

Others

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA 203(k), FHA, Owner Will Carry, Owner May Carry, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA 203(k), FHA, Owner Will Carry, Owner May Carry, VA Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Zach Bateman • Re/Max One • 714-909-8479
Bought with Clayton Wellbank • Clayton Wellbank, Broker

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Chris Mardelli

Broker | License ID: 01834969

+1(310) 571-5761

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