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Key Details
Sold Price $2,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision West Newport Beach (Wsnb)
MLS Listing ID NP20229881
Sold Date 09/30/21
HOA Y/N No
Year Built 1955
Lot Size 4,312 Sqft
Property Description
$200,000. Price Improvement on 3/1/2021...Extraordinary opportunity in the heart of Newport Beach, where this ultra-rare four-plex offers a prime location across the harbor from the new upscale Lido Marina Village. Located at the end of a quiet and very private cul-de-sac, the rare double lot features water views from both lots and can be kept as an income-producing investment or completely redeveloped. The site can easily accommodate two single-family homes, without dealing with the California's new SB 330 housing requirements. Imagine creating an enviable Newport Beach paradise within moments of Lido Marina Village's boutiques, cafés and restaurants, miles of world-renowned beaches, recreation, top-rated schools, Orange County Airport and Hoag Hospital. Spanning approximately 4,312 square feet, the double lot is currently home to an income-producing four-plex, with each residence has 1 parking spot and there is also a 2 car garage included. This property can be combined with 626 & 620 Clubhouse for 5 contiguous lots! Opportunities as rare as this come but once in a lifetime...don't let it pass you by.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Water Sports
Private Pool No
Building
Lot Description Cul-De-Sac, Level, Rectangular Lot
Faces Southwest
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 42308311
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Cammy Leslie • Surterre Properties Inc.
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960