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$4,515,000
Est. payment /mo
3,250 Sqft Lot
UPDATED:
12/30/2024 05:08 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNP24123545
Originating Board California Regional MLS
Year Built 1968
Lot Size 3,250 Sqft
Property Description
Bayfront Location! 1811 W. Bay is a BAYFRONT 6-BD DUPLEX with 4-car garage located directly in front of the serene, sandy bay beach of picturesque Marina Park! Owned by the same family for over 60 years, this is a fixer opportunity to make an original bayfront property your own; choose to rent out the existing 3-BD/2-BA units to maximize investment income, OR live in one unit and rent out the other, OR possibly even transform the entire 3,000sf property into your very own single-family bayfront home/two separate condos. The possibilities are endless and the property is an ideal candidate for a 1031 exchange. Combined income is approximated at $13,500/month. Short-term lodging is permissible, however, there is currently no active permit. In addition, another duplex located directly next door (1809 W Bay, MLS ID#NP24060094) is also currently for sale. If both are purchased together (not required) it makes an exceptionally rare opportunity to own TWO side-by-side bayfront properties. Very easy to show, call today for a private tour.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Kitchen Dishwasher, Oven Range - Electric
Interior
Heating Forced Air
Cooling None
Laundry In Garage
Exterior
Parking Features Garage
Garage Spaces 4.0
Pool 31, None
View Bay, Marina, Water, City Lights
Roof Type Tile
Building
Lot Description Grade - Level
Foundation Concrete Slab
Water District - Public
Others
Tax ID 04718111
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Listed by Annie Clougherty • Compass
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Sharad Gupta
Broker | License ID: 02213637
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