1809 Bay Avenue, Newport Beach

$5,295,000

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4 Beds
4 Baths
.07 Acre
4 Garages

Introducing an unparalleled investment opportunity: an exceptional triplex located in Newport Beach's coveted Balboa Peninsula which has never been on the market, directly opposite the idyllic Mothers Beach. Boasting unobstructed bay views and a unique absence of front-facing neighbors, this property epitomizes prime Newport Beach real estate. Each unit offers the potential for diverse income streams. Live in one unit while leasing out the other two, or capitalize on rental income from all three. The possibilities are limitless, making it an ideal investment for both seasoned investors and those seeking a lucrative Newport Beach property. A buyer can also investigate the possibility of converting to condos. The current owner was using the upstairs unit as one property, so it is currently set up as a duplex, but can easily be turned back into a triplex adding a door.

Recently upgraded with renovated bathrooms, kitchens, carpet, lighting, and fresh paint, enhancing both aesthetic appeal and functionality. With views down the harbor and no neighbors in front to ever block your view, this is truly a once in a lifetime opportunity. Current floor plan is in the supplements for review.

Essential Information

MLS® #
NP24060094
Price
$5,295,000
Bedrooms
4
Bathrooms
4.00
Acres
0.07
Year Built
1968
Type
Residential Income
Sub-Type
Triplex
Status
Active

Community Information

Address
1809 Bay Avenue
Area
NP - Balboa Peninsula
City
Newport Beach
County
Orange
Zip Code
92663

Subdivision

Balboa Peninsula (Residential) (BALP)

Amenities

Parking Spaces
4
Parking
Garage, Garage Faces Rear
# of Garages
4
Garages
Garage, Garage Faces Rear
View
City Lights, Water, Bay
Pool
None

Utilities

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

Interior

Interior
Carpet, Vinyl
Heating
Forced Air
Cooling
Ductless, Electric
Fireplace
Yes
Fireplaces
Family Room
# of Stories
2
Stories
Two

Interior Features

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

Appliances

Built-In Range, Dishwasher, Gas Range

Exterior

Exterior
Wood Siding, Stone
Roof
Shingle
Construction
Wood Siding, Stone
Foundation
Slab

Additional Information

Date Listed
March 25th, 2024
Days on Market
11

Listing Details

Agent
Annie Clougherty
Office
Compass

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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 10:00am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.