219 E Bay Avenue, Newport Beach, CA 92661
- $3,090,000
- Sold Price
- $3,090,000
- List Price
- $3,495,000
- Closing Date
- Nov 22, 2024
- Status
- CLOSED
- MLS#
- NP24048345
- Year Built
- 1957
- Lot Size
- 2,614
- Acres
- 0.06
- Lot Location
- Corner Lot
- Days on Market
- 196
- Property Type
- Multifamily
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- Balboa Peninsula (Residential) (Balp)
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.)
/u.realgeeks.media/ericengelbert/Realtor-Orange-County.png)
Additional Information
- Appliances
- Dishwasher, Electric Range, Gas Oven, Gas Water Heater, Microwave, Range Hood, Water Heater, Dryer, Washer
- Pool Description
- None
- Fireplace Description
- Family Room, Masonry
- Heat
- Natural Gas, Wall Furnace
- Cooling Description
- None
- View
- Harbor, Ocean
- Exterior Construction
- Drywall, Stucco
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Beamed Ceilings, Balcony, Cathedral Ceiling(s), Granite Counters, Living Room Deck Attached, Multiple Staircases, Unfurnished, Bedroom on Main Level, Primary Suite
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $88,200
Listing courtesy of Listing Agent: Kathy Abbott (kabbott@universalai.com) from Listing Office: Universal Preferred Properties.
Listing sold by NONE NONE from None MRML
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.