$2,500,000
$2,550,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
2,861 SqFt
SOLD DATE : 05/11/2020
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,861 sqft
Price per Sqft $873
Subdivision Newport Island (Newi)
MLS Listing ID OC20062365
Sold Date 05/11/20
Bedrooms 5
Full Baths 4
Construction Status Fixer,Repairs Cosmetic
HOA Y/N No
Year Built 1964
Lot Size 2,583 Sqft
Acres 0.0593
Property Description
First Time On Market! Once in a lifetime property located on the ONLY 45 foot waterfront lot on all of Channel Place with amazing sunset and peekaboo ocean view South-Western exposure. The home is a single parcel zoned R2 lot with a 3 bed 2 bath lower unit and a 2 bed 2 bath + den upper unit. Both upper and lower units have amazing channel views, both with full open concept floor-plans and living room fireplaces. Upper unit has a dual master setup with large vaulted ceilings and a mid-century modern feel and a large full property-width deck off the living room and master. Lower unit has a large brick-layed courtyard leading out to the largest water-frontage and dock(ability) on the south-side of the island. This property is located at the far North end of Channel Place; Cul-de-sac location with parking both in the two garages and on both sides of street. Property has great bones with a ton of potential for both a multi-family living compound or amazing two unit investment with full cosmetic renovation. Property is a FIXER and is sold in as-is conditions with no promises or warranties implied or expressed; Property is sold as part of a Trust. We have had a ton of off-market interest and the owner wishes to bring it to market. Don't miss this amazing investment opportunity on the widest south-facing lot on Newport Island !
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Other Rooms Second Garage, Two On A Lot
Main Level Bedrooms 3
Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage
Interior
Interior Features Beamed Ceilings, Wet Bar, Balcony, High Ceilings, In-Law Floorplan, Living Room Deck Attached, Open Floorplan, Storage, Unfurnished, Jack and Jill Bath, Main Level Primary, Multiple Primary Suites, Primary Suite
Laundry Location Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,In Garage
Heating Forced Air, Fireplace(s)
Cooling None
Flooring Carpet, Vinyl
Fireplaces Type Family Room, Gas, Masonry, Wood Burning
Fireplace Yes
Appliance Convection Oven, Dishwasher, Electric Range, Free-Standing Range, Disposal, Gas Range, Gas Water Heater, Range Hood, Vented Exhaust Fan, Water Heater
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage
Exterior
Exterior Feature Boat Slip, Dock
Garage Door-Multi, Garage Faces Front, Garage, Permit Required, Public, Unassigned
Garage Spaces 2.0
Garage Description 2.0
Fence Average Condition, Block
Pool None
Community Features Biking, Dog Park, Fishing, Golf, Hiking, Park, Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Canal Front,Navigable Water,Ocean Access,Seawall
View Y/N Yes
View Canal, Harbor, Ocean, Peek-A-Boo
Roof Type Asphalt,Shingle
Accessibility Grab Bars
Porch Deck, Open, Patio, Stone
Parking Type Door-Multi, Garage Faces Front, Garage, Permit Required, Public, Unassigned
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Cul-De-Sac, Irregular Lot, Sprinkler System, Value In Land
Faces Southwest
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern, Traditional
Level or Stories Two
Additional Building Second Garage, Two On A Lot
New Construction No
Construction Status Fixer,Repairs Cosmetic
Schools
High Schools Newport Harbor
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 42305302
Acceptable Financing Cash, Cash to New Loan, Contract
Listing Terms Cash, Cash to New Loan, Contract
Financing Cash
Special Listing Condition Standard, Trust
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Bought with Brad Hinman • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "