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Sold for $3,300,000 on 02/14/24
  • Listing Provided by: 

    Zach Bateman DRE #02053091 714-909-8479,

    Re/Max One,

    Richard Caceres DRE #02093508,

    RE/MAX One

    Bought with: Clayton Wellbank, Broker
    $3,300,000

    1103 W Bay Ave, Newport Beach, CA 92661

    5beds
    2,596sqft
    Duplex
    Built in 1959
    2,700 Square Feet Lot
    $3,964,700 Zestimate®
    $1,271/sqft
    $7,435 Estimated rent

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    $20,516/mo

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    What's special

    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!

    Zillow last checked: 8 hours ago

    Listing updated: February 15, 2024 at 07:14am

    Listing Provided by:

    Zach Bateman DRE #02053091 714-909-8479,

    Re/Max One,

    Richard Caceres DRE #02093508,

    RE/MAX One

    Bought with:

    Clayton Wellbank, DRE #01791539

    Clayton Wellbank, Broker

    Source: CRMLS,MLS#: NP23115865MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 3
    • Main level bedrooms: 5
    Cooling
    • None
    Appliances
    • Laundry: Common Area, Inside, Laundry Room
    Features
    • Separate/Formal Dining Room, Multiple Primary Suites
    • Flooring: Wood
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 2,596 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Carport, Garage
    • Attached garage spaces: 2
    • Carport spaces: 1
    • Covered spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: front door or garage
    • Patio & porch: Front Porch, Patio
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Bay
    • Has water view: Yes
    • Water view: Bay
    • Waterfront features: Across the Road from Lake/Ocean, Beach Access, Ocean Access
    Lot
    • Size: 2,700 sqft
    • Features: Walkstreet
    Details
    • Parcel number: 04726311
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Duplex
    Materials
    • Foundation: Slab
    Condition
    • Repairs Cosmetic
    • New construction: No
    • Year built: 1959

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Water Available

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Newport Beach
    • Subdivision: Balboa Peninsula (Residential) (Balp)

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange,FHA 203(k),FHA,Owner Will Carry,Owner May Carry,VA Loan
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    Estimated market value
    $3,964,700