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Property Description

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!

Overview

Property Status
Sold
Lot Size
2,700 Sq.Ft.
MLS ID
NP23115865
Property Type
Multi-Family
Year Built
1959

Features & Amenities

Neighborhood
Newport Beach
Architecture Styles
Bungalow
Water Frontage
Across the Road from Lake/Ocean, Beach Access, Ocean Access
View Description
Bay
Stories
2
Garage Spaces
2.0
Water Source
Public
Utilites
Cable Available, Electricity Available, Natural Gas Available, Water Available
Pool
None
Lot Features
Walkstreet
Parking
Carport, Garage
Air Conditioning
None
Sewer
Public Sewer
Substructure
Slab
School District
Newport Mesa Unified
Sales Price
$3,300,000

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1103 W Bay Avenue

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