Newport Beach, CA 92661,417 E Bay
Newport Beach, CA 92661,417 E Bay
Newport Beach, CA 92661,417 E Bay
75
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$5,288,888
Est. payment /mo
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5 Beds
6 Baths
2,602 SqFt
Active

417 E Bay Newport Beach, CA 92661

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Teresa Corpus

Teresa Corpus

+1(619) 250-4558

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,602 sqft

Price per Sqft $2,032

MLS Listing ID OC25276620

Bedrooms 5

Full Baths 5

Half Baths 1

Year Built 2020

Lot Size 2,178 Sqft

Property Sub-Type Detached

Property Description

Welcome to this Exceptional income producing duplex opportunity in the heart of Newport Beach. This nearly $300,000 per year revenue property features a fully transferable short-term rental license, allowing legal operation on Airbnb and VRBO a rare and highly coveted advantage. The property is consistently booked year round, offering immediate cash flow with true turnkey ease. Built in 2020 by renowned Burkhard Builders, this front and back unit configuration offers flexibility for investors, owner-users, or multi generational living. The front residence (Unit A) spans approximately 1,400 square feet and features three bedrooms and three and one half baths, while the rear residence (Unit B) offers approximately 1,200 square feet with two bedrooms and two and one half baths. Each unit is thoughtfully designed with privacy and functionality in mind. Both residences showcase designer grade finishes throughout, including Wolf appliance suites, custom cabinetry, and high end fixtures. A private ocean view rooftop balcony provides an ideal setting for entertaining and enjoying coastal sunsets. Additional highlights include a each unit with a single car attached covered garage plus one additional covered parking for each unit, a highly desirable feature in this location. Offered fully turnkey, this is a rare Newport Beach opportunity combining luxury, flexibility, and proven income performance.

Location

State CA

County Orange

Direction turn left onto east bay avenue

Interior

Cooling Central Forced Air

Fireplaces Type FP in Family Room

Fireplace No

Exterior

Garage Spaces 2.0

View Y/N Yes

Water Access Desc Public

View Bay, Mountains/Hills, Panoramic, Pier, Water, Back Bay, Catalina, Coastline, Harbor, City Lights

Total Parking Spaces 2

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 04811303

Acceptable Financing Cash To New Loan

Listing Terms Cash To New Loan

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Ashkon Babaee Side, Inc

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 15
  • 10

    Eastbluff Elementary School

    Public | KG - 6

  • 9

    Newport Elementary School

    Public | KG - 6

  • 8

    Newport Heights Elementary School

    Public | KG - 6

  • 8

    Mariners Elementary School

    Public | KG - 6

  • 8

    Kaiser Elementary School

    Public | 3 - 6

  • 8

    Harbor View Elementary School

    Public | KG - 6

  • 7

    Lincoln Elementary School

    Public | KG - 6

  • 3

    Whittier Elementary School

    Public | KG - 6

  • 0

    St Joachim Elementary School

    Private | PK - 8

  • 0

    Woodland Child Devt Center

    Private | PK - 6

  • 0

    Woodland Elementary School

    Public | KG - 2

  • 0

    Our Lady Queen of Angels School

    Private | KG - 8

  • 0

    Newport Christian School

    Private | PK - 6

  • 0

    Del Mar Lincoln Child Development Center

    Private | KG - 6

  • 0

    Harbor Day School

    Private | KG - 8

Middle Schools 2
  • 10

    Corona Del Mar Middle and High School

    Public | 7 - 12

  • 7

    Ensign Intermediate School

    Public | 7 - 8

High Schools 2
  • 8

    Newport Harbor High School

    Public | 9 - 12

  • 0

    Newport Academy Day School

    Private | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Teresa Corpus

Teresa Corpus

Agent | License ID: 01425899

+1(619) 250-4558

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