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Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision West Newport Beach (Wsnb)
MLS Listing ID OC23106112
Sold Date 08/08/23
Construction Status Fixer
HOA Y/N No
Year Built 1998
Lot Size 2,178 Sqft
Property Description
Fantastic Fixer-Upper Opportunity! Unlock the Potential and Reap the Rewards!
Presenting a remarkable mixed-use property in the highly sought-after location of prime Newport Beach. This iconic property offers a unique blend of residential and commercial spaces, allowing for endless possibilities.
The downstairs features office or retail space spans 969 square feet, complete with a full bath, kitchen facilities, and an enclosed garage. This versatile area is perfect for your work or retail needs.
Above this, you'll find a luxurious 3 bedroom, 2 bath living space. Cozy up by the fireplace in the welcoming ambiance of this residence, which also features a convenient laundry room and a 2 car tandem garage. With 1541 square feet, this level leads to a spacious sundeck, where you can bask in the refreshing ocean breezes. The sundeck serves as a popular gathering spot, creating an ideal setting for entertaining guests.
Ideally situated on the Balboa Peninsula within the prestigious Cannery Village, this property is within walking distance to the renowned Lido House Hotel and Lido Marina Village. The surrounding area is brimming with exquisite dining options, upscale residences, stunning beaches, and a vibrant harbor. Additionally, you'll find numerous new developments and the prestigious Lido Theater, serving as the home venue for the renowned Newport Beach Film Festival.
Opportunities to acquire properties of this caliber within Cannery Village are exceptionally rare, making this offering an extraordinary chance for those with the right vision and innovative ideas. Embrace this Fixer-Upper opportunity, unleash its true potential, and experience the unmatched rewards that await!
Location
State CA
County Orange
Area N8 - West Newport - Lido
Zoning R/S
Interior
Heating Central
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry Inside, Laundry Room
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Street Lights, Sidewalks
View Y/N Yes
View City Lights
Total Parking Spaces 3
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 04705215
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Owner May Carry
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Owner May Carry
Financing Cash
Special Listing Condition Standard
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Bought with Sharon Tran • First Team Real Estate
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960