Newport Beach, CA 92661,507 E Bay AVE

$1,685,000

$1,799,900

6.4%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 08/15/2018

Key Details

Sold Price $1,685,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID OC18098766

Sold Date 08/15/18

HOA Y/N No

Year Built 2012

Property Description

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.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Ensuite Laundry Inside

Interior

Interior Features Balcony, All Bedrooms Up

Laundry Location Inside

Heating Central

Cooling Central Air

Flooring Stone

Fireplaces Type Living Room

Fireplace Yes

Laundry Inside

Exterior

Garage Direct Access, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Available

View Y/N Yes

View City Lights, Coastline

Roof Type Tile

Parking Type Direct Access, Garage

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 3

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction Yes

Others

Senior Community No

Tax ID 04811516

Security Features Prewired,Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Betty Gulezyan • HomeSmart, Evergreen Realty
Bought with Mary Golding • Coldwell Banker Res. Brokerage
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4040 Barranca Pkwy Suite 150, Irvine, CA, 92604

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