Newport Beach, CA 92661,1419 W Bay Avenue
$3,400,000
Est. payment /mo
$3,500,000
2.9%
Est.Price: ?

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6 Beds
5 Baths
2,614 Sqft Lot
SOLD DATE : 09/30/2024

Key Details

Sold Price $3,400,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NP24171608

Sold Date 09/30/24

Bedrooms 6

HOA Y/N No

Lot Size 2,614 Sqft

Property Description

TWO (2) ACTIVE SHORT TERM LODGING PERMITS - Welcome to 1419 W Bay Ave, Newport Beach - a rare gem in one of the most desirable coastal communities. This charming property features two (2) transferable short-term lodging permits, making it an exceptional investment opportunity. STLP's are attached to the front upper and lower units and are approved for eight (8) Guests each. In addition to the front units, there is a unit over the garage that can be used as an owners retreat or rented out on a long-term basis. Set on one of the most popular streets on the Balboa Peninsula, this property combines the benefits of an incredible residential location with the lucrative potential of short-term rentals. Enjoy the serene surroundings while being just a short distance from Newport Beachs renowned attractions, dining, and shopping as well as Marina Park and the American Legion. With its sought-after permits and versatile living arrangements, 1419 W Bay Ave is a standout choice for those looking to capitalize on the coastal lifestyle and investment potential.
TWO (2) ACTIVE SHORT TERM LODGING PERMITS - Welcome to 1419 W Bay Ave, Newport Beach - a rare gem in one of the most desirable coastal communities. This charming property features two (2) transferable short-term lodging permits, making it an exceptional investment opportunity. STLP's are attached to the front upper and lower units and are approved for eight (8) Guests each. In addition to the front units, there is a unit over the garage that can be used as an owners retreat or rented out on a long-term basis. Set on one of the most popular streets on the Balboa Peninsula, this property combines the benefits of an incredible residential location with the lucrative potential of short-term rentals. Enjoy the serene surroundings while being just a short distance from Newport Beachs renowned attractions, dining, and shopping as well as Marina Park and the American Legion. With its sought-after permits and versatile living arrangements, 1419 W Bay Ave is a standout choice for those looking to capitalize on the coastal lifestyle and investment potential.

Location

State CA

County Orange

Area Oc - Newport Beach (92661)

Zoning Assessor

Building

Lot Description Curbs

Story 2

Lot Size Range 1-3999 SF

Level or Stories 2 Story

Others

Monthly Total Fees $44

Acceptable Financing Cash

Listing Terms Cash

Financing Conventional

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San Diego Regional MLS (SDMLS)
Listed by Julia Morton • White Sail Realty
Bought with Norma Yacoub • Real Estate eBroker Inc

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Alvin Newton

+1(858) 876-7055

Realtor | License ID: 01858045

Realtor License ID: 01858045

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