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110 E Bay AVE E Newport Beach, CA 92661
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Key Details
Sold Price $2,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID OC21268035
Sold Date 03/02/22
HOA Y/N No
Year Built 1924
Lot Size 1,799 Sqft
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 cafe’s 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.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Other Rooms Guest House Detached
Ensuite Laundry Laundry Closet
Interior
Laundry Location Laundry Closet
Fireplace No
Laundry Laundry Closet
Exterior
Exterior Feature Awning(s)
Pool None
Community Features Biking, Sidewalks, Marina
Waterfront Description Beach Access,Ocean Access
View Y/N Yes
View Neighborhood
Roof Type Composition
Private Pool No
Building
Lot Description Corner Lot, Level, Paved
Story 2
Entry Level One,Two
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One, Two
Additional Building Guest House Detached
New Construction No
Others
Senior Community No
Tax ID 04806216
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Sean Jarne • First Team Real Estate