Newport Beach, CA 92661,1419 W Bay AVE
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Newport Beach, CA 92661,1419 W Bay AVE
Newport Beach, CA 92661,1419 W Bay AVE
Newport Beach, CA 92661,1419 W Bay AVE
Newport Beach, CA 92661,1419 W Bay AVE

$3,400,000

Est. payment /mo

$3,500,000

2.9%
Est.Price: ?

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1419 W Bay AVE Newport Beach, CA 92661

3,273 SqFt

SOLD DATE : 09/30/2024

Key Details

Sold Price $3,400,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,273 sqft

Price per Sqft $1,038

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP24171608

Sold Date 09/30/24

HOA Y/N No

Year Built 1940

Lot Size 2,613 Sqft

Acres 0.06

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 Beach’s 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 Np - Balboa Peninsula

Rooms

Ensuite Laundry Common Area, Laundry Room

Interior

Laundry Location Common Area,Laundry Room

Heating Wall Furnace

Cooling None

Flooring Carpet, Tile

Fireplaces Type None

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs

View Y/N Yes

View Harbor, Ocean, Peek-A-Boo

Accessibility None

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Faces North

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 04722305

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Julia Morton • White Sail Realty • 949-933-2906
Bought with Norma Yacoub • Real Estate eBroker Inc

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

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