Bedrooms:
5
Bathrooms:
3
Square Feet:
2,596 sqft
Contingent
Virtual Tour of 1103 W Bay Avenue , Newport Beach 92661
Property Description
This is a rare opportunity to own a well-maintained mid-century duplex in the highly coveted "West Bay Ave" in Newport Beach. The property sits on 2,700 sqft lot and boasts 2,596 sqft of living space. This charming duplex is located just a few steps away from the picturesque Newport Bay and only three houses from the oceanfront. This highly sought-after location offers a lifestyle that blends coastal charm & beauty and endless recreational opportunities, making it a savvy investment opportunity.
The upstairs unit has stunning views of Newport Bay and features 3 bedrooms, 2 full bathrooms, a den, an elevator, a private outside patio with a wet bar, and a big balcony to enjoy an indoor/outdoor living experience. It also has separate laundry facilities, central heating, interior and exterior staircases, and a 2-car direct access garage (plus an additional covered carport) with ample storage. The downstairs unit has 2 bedrooms, 1 full bathroom, an expansive patio designed for the quintessential indoor/outdoor Newport Beach lifestyle, central heating, a private rear patio, and separate laundry. Both units also have access to a hot/cold outdoor shower.
This property offers various possibilities. You can live in one unit and rent out the other to offset your mortgage. Alternatively, you can use the elevator/indoor staircase to make this property more like an SFR by using both units for yourself. Another option is to rent out both units at current market rents. This property is conveniently located near the Balboa Fun Zone, Lido Village, restaurants, boutiques, and much more.
General Information
Listing Attribution:
Re/Max One 714-909-8479
Listing Agent:
Zach Bateman
CalBRE#:
02053091
Price:
$3,625,000
Status:
Active
Listing Updated:
11/20/2023
List Date:
6/30/2023
Close Date
Square Feet:
2,596
Bedrooms:
5
Bathrooms:
3
Garage Spaces:
2.00
Year Built:
1959
City:
Newport Beach
Zip:
92661
County:
Orange
MLS ID:
NP23115865
Buyer Agency Compensation:
2.000%
Buyer Agency Compensation Disclaimer:
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Home Features
Interior Features:
Multiple Primary Suites
Exterior Features:
Appliances:
Flooring:
Wood
Laundry:
Common Area, Inside, Laundry Room
Architectural Style:
Bungalow
Levels:
Two
Fireplace Features:
None
Cooling:
None
Heating:
Utilities:
Cable Available, Electricity Available, Natural Gas Available, Water Available
Pool Type Features:
None
Spa Features:
None
Construction Materials:
Roofing:
Water Source:
Public
Sewage:
Public Sewer
Accessibility Features:
Community Information
MLS Area:
NP - Balboa Peninsula
Lot Information
Lot Size (sq feet):
2,700
Location Information
Directions:
from 55 south go straight to Peninsula, turn left on 11th st and then left onto W Bay. Second house from the corner
Current Market Comparison

Subject

Active

Closed
Best0.5 Miles
Better1 Miles
Good1.5 Miles
Fair2 Miles
Subject Property
1103 W Bay Avenue Newport Beach CA 92661
Property Type:
Duplex
Bedrooms:
5
Bathrooms:
3
Interior SqFt:
2596
Interior Stories:
2
Year Built:
1959
2 Closed Properties
Lowest Price: $2,750,000
Median Price: $3,200,000
Highest Price: $3,650,000
Address
Distance/Miles
Closed Price
Details
5 Active Properties
Lowest Price: $1,899,999
Median Price: $4,850,000
Highest Price: $5,995,000
Address
Distance/Miles
Active Price
Details