219 E Bay AVE Sold Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92661
Key Details
Sold Price $3,090,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP24048345
Year Built 1957
Lot Size 2,613 Sqft
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.)
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Heating Natural Gas,Wall Furnace
Cooling None
Flooring Laminate,Tile
Fireplaces Type Family Room,Masonry
Laundry Common Area,Washer Hookup,Gas Dryer Hookup
Exterior
Garage Door-Multi,Direct Access,Garage,Garage Door Opener,Off Street
Garage Spaces 2.0
Garage Description 2.0
Fence Block
Pool None
Community Features Biking,Fishing,Street Lights,Sidewalks,Water Sports
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
Waterfront Description Beach Access,Ocean Access
View Y/N Yes
View Harbor,Ocean
Building
Lot Description Corner Lot
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan,1031 Exchange
Listing Terms Cash to New Loan,1031 Exchange
Special Listing Condition Standard