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Sold for $2,280,000 on 11/29/23
  • Listing Provided by: 

    Summer Perry DRE #01882790 949-438-4340,

    Compass,

    Jessica Bailey DRE #01990301,

    Compass

    Bought with: Coldwell Banker Realty
    $2,280,000

    308-306 E Bay Ave, Newport Beach, CA 92661

    3beds
    1,281sqft
    Duplex
    Built in 1917
    2,178 Square Feet Lot
    $2,737,500 Zestimate®
    $1,780/sqft
    $7,842 Estimated rent

    Owner options

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    $7,842/mo

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    $7,842/mo

    Rent Zestimate®

    Refinance and save

    $14,052/mo

    Est. payment

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    $14,052/mo

    Est. payment

    What's special

    Welcome to 306/308 E Bay Avenue – a fantastic real estate gem located in the heart of a vibrant coastal community. This unique property is a corner lot, offering not just a home but an exceptional investment opportunity. Currently configured as a charming duplex, this property presents a wealth of possibilities. The front unit (308) boasts a cozy one bedroom, one bathroom layout, perfect for enjoying a quiet retreat by the beach. The rear unit (306) features a spacious two bedroom, two bathroom layout, providing ample space for family and guests. With separate entrances for each unit, privacy is a given, making it an ideal arrangement for extended family living or rental income. The location of 306/308 E Bay Avenue is truly unparalleled. Just a few steps away from both bay and ocean beaches, you'll find yourself immersed in the soothing sounds of the waves and the invigorating ocean breeze. Enjoy leisurely strolls along the beach, or indulge in water sports and activities right at your doorstep. For those seeking entertainment and local attractions, look no further. The property is conveniently situated near the famous Fun Zone and Balboa Pier, ensuring endless amusement, dining, and shopping options for residents and visitors alike. Unleash your imagination with the array of opportunities this property presents. Whether you're an astute investor looking to generate rental income, a creative mind excited to remodel and upgrade the existing units, or a visionary ready to start anew with a new construction property, this opportunity is your canvas. Seize the chance to own a slice of coastal paradise with limitless potential. Welcome yourself home to 306/308 E Bay Avenue.

    Zillow last checked: 8 hours ago

    Listing updated: November 29, 2023 at 08:17pm

    Listing Provided by:

    Summer Perry DRE #01882790 949-438-4340,

    Compass,

    Jessica Bailey DRE #01990301,

    Compass

    Bought with:

    Grant Foerstel, DRE #01952576

    Coldwell Banker Realty

    Source: CRMLS,MLS#: NP23146969MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Cooling
    • None
    Appliances
    • Laundry: Common Area
    Features
    • Bedroom on Main Level
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,281 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Driveway
    • Uncovered spaces: 3
    Features
    • Levels: One,Two
    • Stories: 1
    • Entry location: street
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    • Waterfront features: Ocean Side Of Highway
    Lot
    • Size: 2,178 sqft
    • Features: Corner Lot
    Details
    • Parcel number: 04810319
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Duplex
    Materials
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1917

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Street Lights, Sidewalks
    Location
    • Region: Newport Beach
    • Subdivision: Balboa Peninsula (Residential) (Balp)

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan
    • Road surface type: Paved
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    Estimated market value
    $2,737,500