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!
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
Owner options
What's special
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#: NP23115865
Originating 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
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,964,700