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.
Sold for $2,280,000 on 11/29/23
Listing Provided by:
Summer Perry DRE #01882790 949-438-4340,
Compass,
Jessica Bailey DRE #01990301,
Compass
Bought with: Coldwell Banker Realty
$2,280,000
308-306 E Bay Ave, Newport Beach, CA 92661
3beds
1,281sqft
Duplex
Built in 1917
2,178 Square Feet Lot
$2,737,500 Zestimate®
$1,780/sqft
$7,842 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 29, 2023 at 08:17pm
Listing Provided by:
Summer Perry DRE #01882790 949-438-4340,
Compass,
Jessica Bailey DRE #01990301,
Compass
Bought with:
Grant Foerstel, DRE #01952576
Coldwell Banker Realty
Source: CRMLS,MLS#: NP23146969
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 2
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Bedroom on Main Level
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,281 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway
- Uncovered spaces: 3
Features
- Levels: One,Two
- Stories: 1
- Entry location: street
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
- Waterfront features: Ocean Side Of Highway
Lot
- Size: 2,178 sqft
- Features: Corner Lot
Details
- Parcel number: 04810319
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Duplex
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1917
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Street Lights, Sidewalks
Location
- Region: Newport Beach
- Subdivision: Balboa Peninsula (Residential) (Balp)
Other
Other facts
- Listing terms: Cash,Cash to New Loan
- Road surface type: Paved
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Estimated market value
$2,737,500