Newport Beach, CA 92661 219 E Bay Avenue

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Presented By: Kathy Abbott with Universal Preferred Properties; 714-457-3849
  • MLS# NP24048345
  • 03/11/2024
  • Request Tour
  • Request Info
  • BedBeds • 5
  • BathBaths • 3
  • FootageSQFT • 2,225
  • GarageGarage • 2

Home Details

Beach Duplex with a transferrable SHORT-TERM RENTAL LICENSE, 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. 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, and use of one car space in the two-car enclosed garage, with overhead storage space, 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 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 and more. 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. All of the advantages of living at the beach, with an interior price tag.
Presented By: Kathy Abbott with Universal Preferred Properties; 714-457-3849

Interior Features for 219 E Bay Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesFamilyRoom, Masonry
Fireplace Y/NYes
FlooringLaminate, Tile
Heating Y/NYes
Laundry FeaturesCommonArea, WasherHookup, GasDryerHookup
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 219 E Bay Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, GasOven, GasWaterHeater, Microwave, RangeHood, WaterHeater, Dryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityNewport Beach
Community FeaturesBiking, Fishing, StreetLights, Sidewalks, WaterSports
Construction MaterialsDrywall, Stucco
CoolingNone
CountyOrange
Current FinancingConventional
Days on Market19
DirectionsFrom Pacific Coast Highway, take Balboa Boulevard down the peninsula, left on Coronado, left on Bay Avenue. Unmetered parking on street.
DisclosuresCoastalCommissionRestrictions, CoastalZone, FloodInsuranceRequired, FloodPlainDisclosure, RentControl
Entry LocationLower unit - front door; Upper unit - rear stairs
ExclusionsTenant's and owner's personal property.
Garage Spaces2.0
Garage Y/NYes
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Interior FeaturesBeamedCeilings, Balcony, CathedralCeilings, GraniteCounters, LivingRoomDeckAttached, MultipleStaircases, Unfurnished, BedroomonMainLevel, PrimarySuite
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashtoNewLoan, Item1031Exchange
Lot Size Square Feet2614.0
MLS AreaNP - Balboa Peninsula
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number of Units Leased2
Operating Expense0.0
Pool FeaturesNone
PossessionClosePlus3Days
Private PoolNo
Property Attached Y/NNo
Property ConditionRepairsCosmetic
Property Sub Type AdditionalDuplex
Property SubTypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameBay
Subdivision NameBalboa Peninsula (Residential) (BALP)
Tax Lot11
Tenant PaysCableTV, Electricity, Gas, Telephone
Total Units2
Trash Expense0.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
ViewHarbor, Ocean
View Y/NYes
Water Sewer Expense0.0
Waterfront FeaturesBeachAccess, OceanAccess
Waterfront Y/NNo
Year Built1957
Year Built SourceAssessor

Exterior for 219 E Bay Avenue

Building Area Total2225.0
Crops Included Y/NNo
FencingBlock
Foundation DetailsSlab
Horse Y/NNo
InclusionsWasher and Dryer
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.06
Lot Size Area2614.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDoorMulti, DirectAccess, Garage, GarageDoorOpener, OffStreet
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking2.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,950,000
MLS#NP24048345
List Date 03/11/2024
Property Type Multi-Family
Phone 714.964.3311
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