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110 E Bay Avenue E

Newport Beach, CA 92661
  • $2,350,000
  • STATUS: Pending
  • ON SITE: 26 Days
  • MLS #: OC21268035
Pending
UPDATED: 66 min ago
$2,350,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Lisa Helou of The Oppenheim Group (310-927-7048) and Giovanne Helou of The Oppenheim Group(310-927-7048)


Description

Located in one of the most desirable destinations in Newport Beach, only steps from the beach and bay, 110 E Bay Ave. is your opportunity to own an original cottage/duplex on the Balboa Peninsula. Owned by the same family for over 60 yrs. this property allows you to reap the benefits of instant and reliable income while enjoying the beach lifestyle for yourself if you so choose. The front unit embodies (1) two-bedroom, one-bathroom, country style kitchen with private laundry, a bright sunny living room with a patio terrace and pleasing views of the quaint tree lined street. The upper/rear unit offers elevated views of the street, 2 bedrooms-2 baths recently upgraded, private laundry and a living room with its own cozy fireplace. Its perfect for an owner / resident to live in while enjoying the income of the front unit. And end-user, spec builder, or investor may want to tear down this prime corner lot location and build a SFD with an ADU attached. You could pull a beautiful bay view from a roof top deck , while soaking in a hot tub or sitting by a fire pit, the possibilities are endless to make summer generational memories. Walking distance to the beach, bay, restaurants, boutiques, and world famous Wedge surf spot, this property offers the quintessential Newport lifestyle. The Balboa Peninsula is famous for its iconic festivities, including the Christmas Boat Parade, 4th of July parade and fireworks. Close to the new Marine Park, jump on the ferry to Balboa Island to stroll, shop, or grab a leisure bite at one of their several cafes or get a world famous BALBOA BAR. This is a rare chance to place your stake amongst some of the most prized and sought-after real estate in the world.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-18T00:25:42.17. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/124251752
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110 E Bay Avenue E Newport Beach, CA 92661

  • Price: $2,350,000
  • Status: Pending
  • On Site: 26 Days
  • Updated: 66 min ago
  • MLS #: OC21268035
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1924
Built
Neighborhood:
Balboa Peninsula (Residential) (Balp)
County:
Orange
Area:
NP - Balboa Peninsula
Property Description
Located in one of the most desirable destinations in Newport Beach, only steps from the beach and bay, 110 E Bay Ave. is your opportunity to own an original cottage/duplex on the Balboa Peninsula. Owned by the same family for over 60 yrs. this property allows you to reap the benefits of instant and reliable income while enjoying the beach lifestyle for yourself if you so choose. The front unit embodies (1) two-bedroom, one-bathroom, country style kitchen with private laundry, a bright sunny living room with a patio terrace and pleasing views of the quaint tree lined street. The upper/rear unit offers elevated views of the street, 2 bedrooms-2 baths recently upgraded, private laundry and a living room with its own cozy fireplace. Its perfect for an owner / resident to live in while enjoying the income of the front unit. And end-user, spec builder, or investor may want to tear down this prime corner lot location and build a SFD with an ADU attached. You could pull a beautiful bay view from a roof top deck , while soaking in a hot tub or sitting by a fire pit, the possibilities are endless to make summer generational memories. Walking distance to the beach, bay, restaurants, boutiques, and world famous Wedge surf spot, this property offers the quintessential Newport lifestyle. The Balboa Peninsula is famous for its iconic festivities, including the Christmas Boat Parade, 4th of July parade and fireworks. Close to the new Marine Park, jump on the ferry to Balboa Island to stroll, shop, or grab a leisure bite at one of their several cafes or get a world famous BALBOA BAR. This is a rare chance to place your stake amongst some of the most prized and sought-after real estate in the world.
Exterior Features

Exterior Features Awning(S) Foundation Details Raised Lot Features Corner LotLevelPaved Number Of Separate Electric Meters 2 Other Structures Guest House Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type MaintainedPaved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes Waterfront Features Beach AccessOcean Access

Interior Features

Common Walls No Common Walls Window Features Casement Window(S)Wood Frames

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingSidewalksMarina Current Financing None Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 73200 Gross Scheduled Income 73200 Insurance Expense 350 Land Lease YN No Laundry Features Laundry Closet Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 64700 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 8500 Possession Negotiable Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Gas Trash Expense 50 Vacancy Allowance Rate 3 Water Sewer Expense 100 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-18T00:25:42.17. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Lisa Helou of The Oppenheim Group (310-927-7048) and Giovanne Helou of The Oppenheim Group(310-927-7048)