308 306 E Bay Avenue, Newport Beach, CA 92661
- $2,280,000
- 3
- BD
- 3
- BA
- 1,281
- SqFt
- Sold Price
- $2,280,000
- List Price
- $2,295,000
- Closing Date
- Nov 29, 2023
- Status
- CLOSED
- MLS#
- NP23146969
- Year Built
- 1917
- Bedrooms
- 3
- Bathrooms
- 3
- Living Sq. Ft
- 1,281
- Lot Size
- 2,178
- Acres
- 0.05
- Lot Location
- Corner Lot
- Days on Market
- 54
- Property Type
- Single Family Residential
- Property Sub Type
- Duplex
- Stories
- One Level, Two Levels
- Neighborhood
- Balboa Peninsula (Residential) (Balp)
Property Description
Welcome to 306/308 E Bay Avenue – a fantastic real estate gem located in the heart of a vibrant coastal community. This unique property is a corner lot, offering not just a home but an exceptional investment opportunity. Currently configured as a charming duplex, this property presents a wealth of possibilities. The front unit (308) boasts a cozy one bedroom, one bathroom layout, perfect for enjoying a quiet retreat by the beach. The rear unit (306) features a spacious two bedroom, two bathroom layout, providing ample space for family and guests. With separate entrances for each unit, privacy is a given, making it an ideal arrangement for extended family living or rental income. The location of 306/308 E Bay Avenue is truly unparalleled. Just a few steps away from both bay and ocean beaches, you'll find yourself immersed in the soothing sounds of the waves and the invigorating ocean breeze. Enjoy leisurely strolls along the beach, or indulge in water sports and activities right at your doorstep. For those seeking entertainment and local attractions, look no further. The property is conveniently situated near the famous Fun Zone and Balboa Pier, ensuring endless amusement, dining, and shopping options for residents and visitors alike. Unleash your imagination with the array of opportunities this property presents. Whether you're an astute investor looking to generate rental income, a creative mind excited to remodel and upgrade the existing units, or a visionary ready to start anew with a new construction property, this opportunity is your canvas. Seize the chance to own a slice of coastal paradise with limitless potential. Welcome yourself home to 306/308 E Bay Avenue.
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Additional Information
- Pool Description
- None
- Fireplace Description
- Living Room
- Cooling Description
- None
- View
- None
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- School District
- Newport Mesa Unified
- Elementary School
- Newport
- Middle School
- Ensign
- High School
- Newport Harbor
- Interior Features
- Bedroom on Main Level
- Attached Structure
- Detached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Summer Perry (summer.perry@compass.com) from Listing Office: Compass.
Listing sold by Grant Foerstel from Coldwell Banker Realty
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.