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, cafés, shopping, the legendary "Wedge" surf spot, and the Lido House Hotel. Short-term lodging is permissible, however, there is currently no active permit.
Listing courtesy of Listing Agent: Tim Smith (tim@timsmithgroup.com) from Listing Office: Coldwell Banker Realty.
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.
