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Key Details
Sold Price $6,550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lido Island (Lido)
MLS Listing ID NP20216324
Sold Date 01/15/21
HOA Y/N No
Year Built 1958
Lot Size 9,147 Sqft
Property Description
Generational opportunity to purchase a beautifully remodeled, six-unit condo complex on famed Lido Isle, the adage of location, location, location could not be more accurate when describing this one-of-a-kind investment. Sited an incredible parcel of approximately 3.5 lots and conveniently close to the areas desirable amenities of the bay, world-class dining, Lido Village, shopping and beaches coupled with access to the fabulous amenities of the community of Lido Isle. The six residences each have their own APN and the complex is comprised of four, impeccably and completely rebuilt from floor to ceiling 2-bedroom units that contain interior laundry, AC and top-quality finishes throughout plus two, 3-bedroom units. Each residence offers generous living areas, bedroom spaces, private patios plus enclosed, 2-car garages and range from approx 1,141 to 1,674sf. Encouraging an indoor/outdoor living environment, a gated, large interior courtyard with seating and bbq areas, welcomes residents, invites relaxation and provides a place in which to unwind and interact. Zoned RM – Residential Multifamily, the property is less than a stone's throw from access to recreation on the bay or an easy jaunt into the Lido Village to enjoy a meal. This offering has the potential for vacation-rental income, long-term stays or even as a family compound. An added benefit is the “Lido lifestyle”. The community of Lido Isle offers tennis, sailing, beaches, clubhouse and parks as a perk of the HOA.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Interior
Interior Features Ceiling Fan(s), Cathedral Ceiling(s)
Heating Forced Air
Cooling Central Air
Flooring Laminate
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Freezer, Gas Cooktop, Disposal, Microwave, Refrigerator
Laundry Common Area, Laundry Room
Exterior
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Curbs, Street Lights, Sidewalks, Marina
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Amenities Available Boat Dock, Clubhouse, Sport Court, Management, Meeting/Banquet/Party Room, Barbecue, Picnic Area, Playground, Tennis Court(s)
Waterfront Description Beach Access,Navigable Water,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N No
View None
Total Parking Spaces 12
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
HOA Name Lido Isle Homeowners Association
Senior Community No
Tax ID 93889001
Energy Description 360.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with OUT OF AREA OUT • OUT OF AREA - NON MEMBER
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960