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3800 River AVE Newport Beach, CA 92663
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Key Details
Sold Price $4,500,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision West Newport Beach (Wsnb)
MLS Listing ID NP23081523
Bedrooms 7
Full Baths 3
Year Built 1971
Lot Size 2,857 Sqft
Property Description
Unlock the potential of a sterling opportunity with this rare-to-market corner lot duplex in Lido of Newport Beach. A lucrative investment, this property opens up a world of possibilities: you could occupy one unit while leasing the other or, for maximum return, rent both. The top unit features four bedrooms and two baths, while the second unit offers three bedrooms and one full bath. Commanding an enviable position on the bay, directly opposite Newport Island, this residence offers the epitome of seaside living. Benefits include not only water views and a private dock, perfect for boating, paddle boarding or kayaking enthusiasts, but also ease of access to the entire array of Newport Harbor waterways and beyond. The property's rare corner lot location also ensures a flood of natural light into both units, amplifying their appeal. Privacy and space are further enhanced by the adjoining sandy beach, offering the sense of exclusivity and tranquility. Beyond the bay, the famed Balboa Peninsula awaits exploration. Discover a beach renowned for its superb surf, verdant parks, art galleries, upscale boutiques, fine dining, and vibrant nightlife. Additional features of the property include an attached two-car garage and a brick fireplace in the living room, infusing the home with a cozy, welcoming ambiance. With its superb proximity to the beach, just two blocks away, and easy access to Newport Pier, Lido Village, caf�s, shopping, the legendary "Wedge" surf spot, and the Lido House Hotel. Short-term lodging is permissible, however, there is currently no active permit.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Ensuite Laundry In Garage
Interior
Laundry Location In Garage
Cooling None
Flooring Carpet
Fireplaces Type Living Room
Laundry In Garage
Exterior
Exterior Feature Dock
Garage Door-Single, Garage, Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs
Waterfront Description Bayfront,Dock Access,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View Bay, Water
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Newport Mesa Unified
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Bought with JOANN DICKINSON • JOANN DICKINSON HOMES, INC.