Great Opportunity to live and invest steps from the beach. Live in the front & rent out the back or vise versa. Built from the ground up in 2012 this mini Mediterranean Villa with large roof top deck encompassing city lights and ocean views is ready for the most discerning buyer. Two units with superior quality finishes, extensive travertine tile work throughout, gorgeous custom cabinetry, rich granite counter tops, exquisite craftsmanship makes this a must see !!! Front unit is 2 bedroom 2 1/2 bath. Master Suite includes a private balcony which leads to the roof top deck. Master Bath with double sink vanities. Back unit with the same quality finishes has 1 bedroom, 1 bath with a massive 160 sq. ft balcony for entertaining or just taking in the ocean breeze. Fireplace, laundry, security system, pre-wired surround sound, 4 car attached garage parking (2 for the front unit, 2 for the rear unit). Garage parking leads directly into individual units. Award winning school district, popular destination for shopping and entertainment, minutes to Newport Center and Fashion Island. Identical unit next door, reverse floor plan is also for Sale each parcel is being offered at $1.799K Each Parcel can easily be converted to VACATION RENTAL to increase income potential by submitting application/fees to the city of Newport Beach. Buyer to verify all information with the city for its intended or desired use.
Off market
Zestimate®
$2,601,700
507 E Bay Ave, Newport Beach, CA 92661
3beds
4baths
1,800sqft
Duplex
Built in 2012
-- sqft lot
$2,601,700 Zestimate®
$1,445/sqft
$7,178 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
Heating
- Forced air
Cooling
- Central
Appliances
- Laundry: Inside
Features
- Balcony
- Has fireplace: Yes
- Common walls with other units/homes: 1 common wall
Interior area
- Total interior livable area: 1,800 sqft
Property
Parking
- Total spaces: 8
Features
- Levels: Two
- Has view: Yes
- View description: City
Lot
- Size: 2,178 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 04811516
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Roof: Tile
Condition
- New construction: No
- Year built: 2012
Utilities & green energy
- Water: Public
- Utilities for property: Sewer Available
Community & neighborhood
Location
- Region: Newport Beach
Other
Other facts
- CommonWalls: 1 common wall
- CommunityFeatures: Sidewalks
- PropertyType: Residential Income
- SpecialListingConditions: Standard
- Levels: Two
- PreviousStandardStatus: Active
- LotFeatures: 2-5 Units/Acre
- InteriorFeatures: Balcony
- LaundryFeatures: Inside
- ParkingFeatures: Direct Garage Access
- View: Coastline
- RoomType: All Bedrooms Up
- MLSAreaMajor: NP - Balboa Peninsula
- BuildingAreaUnits: Square Feet
- ElevationUnits: Feet
- PropertySubType: Duplex
- LotSizeSource: Assessor
- WaterSource: Public
- Utilities: Sewer Available
- Flooring: Stone
- TaxTractNumber: 104
- ParcelNumber: 04811516
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Estimated market value
$2,601,700