3800 River Avenue, Newport Beach, CA 92663

$4,500,000
7
BD
3
BA
2,476
SqFt
Sold Price
$4,500,000
List Price
$4,500,000
Closing Date
Sep 01, 2023
Status
CLOSED
MLS#
NP23081523
Year Built
1971
Bedrooms
7
Bathrooms
3
Living Sq. Ft
2,476
Lot Size
2,858
Acres
0.07
Lot Location
Corner Lot
Days on Market
70
Property Type
Single Family Residential
Property Sub Type
Duplex
Stories
Two Levels
Neighborhood
West Newport Beach (Wsnb)

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, cafés, shopping, the legendary "Wedge" surf spot, and the Lido House Hotel. Short-term lodging is permissible, however, there is currently no active permit.

Additional Information

Pool Description
None
Fireplace Description
Living Room
Cooling Description
None
View
Bay, Water
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
School District
Newport Mesa Unified
Interior Features
Built-in Features, Ceiling Fan(s), Recessed Lighting
Attached Structure
Detached
Number Of Units Total
2

Listing courtesy of Listing Agent: Tim Smith (tim@timsmithgroup.com) from Listing Office: Coldwell Banker Realty.

Listing sold by JOANN DICKINSON from JOANN DICKINSON HOMES, INC.

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.