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Alexander Duarte

alex@tdgsells.com +1(714) 376-9253

$ 3,495,000

Est. payment -/mo

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Active Under Contract

219 E Bay AVE Newport Beach, CA 92661

2,225 SqFt

UPDATED:

10/20/2024 12:53 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,225 sqft

Price per Sqft $1,570

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP24048345

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1957

Lot Size 2,613 Sqft

Acres 0.06

Property Description

Beach Duplex with transferrable SHORT-TERM RENTAL LICENSES for both units, located on a CORNER LOT in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset at the T of Coronado Street with an unobstructed view of the bay - must see view to appreciate! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio facing the bay, and the top level has 3 bedrooms, 2 baths, with a large deck facing the bay. A buyer can inquire with the city about adding a third level for additional ocean views, similar to many neighboring properties, and for the updated ADU - Accessory Dwelling Unit guidelines. This can be a family beach home with 2 units, income property, short-term rental property, or combination. Both units have fireplaces, beautiful open kitchens, parking in the enclosed garage, overhead storage space in garage, and plenty of unmetered on-street parking. The upstairs home has a grand primary bedroom suite, and an additional second stairway and entry door in rear of home. Additional amenities include custom built-in storage throughout, open beam ceilings, and outdoor patios. 219 E Bay Avenue is Southern California beach living at its finest, with the world-famous Newport Beach Harbor one block to the North for boating, sailing, and other water sports, and expansive sandy beaches, just a few houses away to the South, for surfing, beach walks and leisurely days. Many yacht clubs are in Newport Harbor, for terrific social connections, and there are endless restaurant options. This property has been meticulously maintained by the same owners for over 25 years, including a new roof in 2020. Your new home will have all of the advantages of beach living in one of the world's most sought-after locations! (Note that the short-term rental licenses are for 7 occupants in the 3-Bedroom/upstairs unit, and 5 occupants in the 2-Bedroom/downstairs unit, for a total of 12 occupants.)

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Ensuite Laundry Common Area, Washer Hookup, Gas Dryer Hookup

Interior

Interior Features Beamed Ceilings, Balcony, Cathedral Ceiling(s), Granite Counters, Living Room Deck Attached, Multiple Staircases, Unfurnished, Bedroom on Main Level, Primary Suite

Laundry Location Common Area,Washer Hookup,Gas Dryer Hookup

Heating Natural Gas, Wall Furnace

Cooling None

Flooring Laminate, Tile

Fireplaces Type Family Room, Masonry

Inclusions Washer and Dryer

Fireplace Yes

Appliance Dishwasher, Electric Range, Gas Oven, Gas Water Heater, Microwave, Range Hood, Water Heater, Dryer, Washer

Laundry Common Area, Washer Hookup, Gas Dryer Hookup

Exterior

Garage Door-Multi, Direct Access, Garage, Garage Door Opener, Off Street

Garage Spaces 2.0

Garage Description 2.0

Fence Block

Pool None

Community Features Biking, Fishing, Street Lights, Sidewalks, Water Sports

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Waterfront Description Beach Access,Ocean Access

View Y/N Yes

View Harbor, Ocean

Parking Type Door-Multi, Direct Access, Garage, Garage Door Opener, Off Street

Total Parking Spaces 2

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 04809110

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Lease Land No

Listed by Kathy Abbott • Universal Preferred Properties • 714-457-3849

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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Alexander Duarte

Alexander Duarte

219 E Bay AVE Newport Beach, CA 92661

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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219 E Bay AVE