304 Alvarado Place, Newport Beach, CA 92661

$2,300,000
4
BD
3
BA
2,002
SqFt
Sold Price
$2,300,000
List Price
$2,398,000
Closing Date
Jun 15, 2023
Status
CLOSED
MLS#
NP23041042
Year Built
1907
Bedrooms
4
Bathrooms
3
Living Sq. Ft
2,002
Lot Size
2,178
Acres
0.05
Lot Location
Corner Lot
Days on Market
76
Property Type
Multifamily
Property Sub Type
Triplex
Stories
Two Levels

Property Description

Seller Financing available! Welcome to 206 E Bay/304 Alvarado Ave, in the beautiful city of Newport Beach! This property is centrally located on the peninsula on a desirable corner lot that is steps away from both the bay and ocean, the Balboa Fun Zone, restaurants, boutiques, & much more! 206 E Bay/304 Alvarado is a triplex on the same lot, (2bed/1bath top unit - 1bed/1bath bottom unit - 1bed/1bath bungalow) this is an opportunity for you to own a multifamily investment property for income, live in one unit and rent out the other units to reduce your mortgage, & or buy this property for its corner lot location & build up a masterful new construction that has bay views down Alvarado street & could potentially boast additional panoramic bay views/ ocean views from a rooftop deck! Endless possibilities with this property, come see it for yourself!

Additional Information

Pool Description
None
Fireplace Description
See Remarks
Cooling
Yes
Cooling Description
See Remarks
View
Bay, Water
Garage Spaces Total
2
Sewer
Unknown
Water
Public
School District
Newport Mesa Unified
Attached Structure
Attached
Number Of Units Total
3

Listing courtesy of Listing Agent: Zach Bateman (zachbateman59@gmail.com) from Listing Office: Re/Max One.

Listing sold by Zach Bateman from Re/Max One

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.