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Brian Aarestad, Sales Associate
SOLD
$3,300,000
Date 02/14/2024

1103 W Bay Avenue
Newport Beach, CA 92661

Single Family, Duplex, Multi-Family
Residence
5
Beds
3
Baths
2,596
Sqft
0.062
Lot Size
Listing Agent: Zach Bateman CalDRE: 02053091 - Re/Max One, 714-909-8479
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!
NP23115865
Single Family, Duplex, Multi-Family, Bungalow, 2 Story
5
Orange
3 Full
1959
0.062 Acres
Public
2
Public Sewer
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Listing Agent: Zach Bateman CalDRE: 02053091 - Re/Max One, 714-909-8479
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