Veterans United Realty
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1809 W Bay Avenue, Newport Beach, CA 92663

$4,725,000 Asking Price

5 beds
4 baths
3,078  sqft
Built in 1968

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.

Listing Status:
Active
Date Added:
July 31, 2024 — 54 days ago
Listing Office:
Compass, Annie Clougherty (949-375-3037)
Office Phone:
949-438-4340
MLS ID:
NP24157791

Features & Amenities

Interior

General:
Balcony,Bar
Laundry:
Garage
Flooring:
Carpet,Linoleum/Vinyl
A/C:
Electric
Heating:
Forced Air Unit
Fireplace:
FP in Family Room

Exterior

General:
Stone,Wood
Pool:
None
Parking:
Parking spaces: 4

Construction

Roofing:
Shingle
General:
2 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Orange

Lot

Zoning:
04718112
View:
Bay,Panoramic,Marina,Water,Coastline,Harbor,City Lights

Utilities

Utilities:
Electricity Connected,Natural Gas Connected,Sewer Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Compass, Annie Clougherty

About Newport Beach, CA

Housing

Number of Units
32,933
Median Home Value
$1,108,062
Median Rent
$2,050

52.55% of housing units are renter occupied.

15.14% are vacant.

Commute

Car
52.33%
Public Transportation
0.19%
Walk to Work
1.03%
Work from Home
45.11%
Other
0.65%

The median travel time to work is 15 minutes.

People

Population
61,724
Median Age
46.20
Median Household Size
2.43

Education

High School
7.46%
Associate’s Degree
6.48%
Bachelor’s Degree
40.94%
Graduate Degree
26.28%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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Veterans United Realty Bobby Archuleta - 573-445-3510, 23571 Kathryn Street Murrieta, CA 92562 - CAL BRE# 00824322

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