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1103 W Bay Avenue, Newport Beach, CA 92661
$3,300,000
1103 W Bay Avenue, Newport Beach, CA 92661View this property at 1103 W Bay Avenue, Newport Beach, CA 92661
1103 W Bay AvenueNewport BeachCA92661
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Property Description
Seller Financing Available--Step into this duplex in Newport Beach and discover a world of untapped potential waiting for you! This vintage charming duplex is ideally situated in a prime location, just steps away from the beach and the picturesque Newport Bay. Boasting bay views, this residence offers a truly wonderful experience. Upstairs unit - 3 bedrooms/2 full bathrooms. Balcony, private patio, & a loft/office space. Downstairs unit - 2 bedrooms and 1 full bath with private patio.
This Duplex offers a 2 car spacious garage with an additional covered carport, allowing 3 car parking.
This unique structure / floor plan has an elevator + an indoor staircase leading to both levels & attached garage. Sitting on a 2.7k sqft bigger lot allows a lucrative opportunity to go multiple avenues. Live in one unit & rent out the other to offset your mortgage. Utilize the elevator / indoor staircase to use this property more like an SFR using both units for yourself. Rent out both units at current market rents. Or you can build a new construction duplex with 2 units R2 (or a SFR w/ JADU - do your buyer due diligence through the city on what you can build) - Front unit would boast bay views and the back unit may have potential ocean views off the rooftop deck.
This highly sought-after location offers a lifestyle that blends coastal charm, endless recreation, savvy investment and breathtaking views all in one. All while being very close to restaurants, boutiques, shopping & much more!
Full Property Details
Full Property Details for 1103 W Bay Ave
General
- Sold For: $3,300,000
- Status: Closed
- Type: Duplex
- MLS ID: NP23115865
- Added to Site: 308 day(s) ago
Interior
- Rooms/Areas: Kitchen, Laundry, Separate Family Room, Two Primaries
- Fireplace(s): None
- Eating Areas: Dining Room
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Common Area, Individual Room, Inside
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Deck/Patio: Patio, Front Porch
Parking
- Garage: Yes
- Garage Spaces: 2
- Carport Spaces: 1
- Parking: Carport, Garage
Location
- County: Orange
- Subdivision: Balboa Peninsula (Residential) (BALP)
- Driving Directions: from 55 south go straight to Peninsula, turn left on 11th st and then left onto W Bay. Second house from the corner
School Information
- School District: Newport Mesa Unified
Community
- Community Features: Sidewalks
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Bungalow
- Structure Type: Duplex
- Foundation: Slab
- Common Walls: No Common Walls
- Entry Location: front door or garage
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,596
- Sq. Ft. Source: Appraiser
- Year Built: 1959
- Year Built Source: Appraiser
- Property Condition: Repairs (Cosmetic)
Lot Features
- Property View: Bay
- Lot Size (Acres): 0.062
- Lot Size Source: Appraiser
- Lot Description: Walking Street
Financial Considerations
- Price Per Sq. Ft.: $1,271.19
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Standard
Listed by Re/Max One, Zach Bateman and RE/MAX One, Richard Caceres
Sold by Clayton Wellbank, Broker, Clayton Wellbank
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Schools
Schools serving 1103 W Bay Ave
School District:Newport-Mesa Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1327 W Balboa Blvd, Newport Beach, CA 92661 | K-6 | 0.2 mi | |
2000 Cliff Dr, Newport Beach, CA 92663 | 7-8 | 0.9 mi | |
600 Irvine Ave, Newport Beach, CA 92663 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1103 W Bay Ave
Date
Details
Price
Change
Source
2/14/2024
Sold
$3,300,000
-6.38%
MLS
12/13/2023
Price Reduced
$3,525,000
-2.76%
MLS
8/04/2023
Price Reduced
$3,625,000
-4.48%
MLS
7/03/2023
Listed
$3,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1103 W Bay Avenue, Newport Beach, CA 92661 (MLS# NP23115865) is a Duplex property that was sold at $3,300,000 on February 14, 2024. Want to learn more about 1103 W Bay Avenue? Do you have questions about finding other Duplex real estate for sale in Newport Beach? You can browse all Newport Beach real estate or contact a Coldwell Banker agent to request more information.