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Todd Kaufman

todd@kaufmanproperties.com +1(805) 206-4313

Listed by Annie Clougherty • Compass

$ 4,400,000

Est. payment -/mo

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Price Dropped by $225K

1809 West Bay Avenue Newport Beach, CA 92663

5 Beds

4 Baths

3,078 SqFt

UPDATED:

02/09/2025 08:14 AM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,078 sqft

Price per Sqft $1,429

Subdivision West Newport Beach

MLS Listing ID NP-24242518

Bedrooms 5

Full Baths 4

Year Built 1968

Lot Size 3,162 Sqft

Property Description

A Rare Investment Opportunity on the Newport Peninsula Offered fully furnished, 1809 W. Bay presents an unparalleled opportunity to own a lucrative investment property directly on one of the most beautiful bay beaches in Newport Beach, just a block from the crashing waves of the ocean. With breathtaking harbor views and practically bayfront, generous square footage, and a price per square foot that makes this property an incredible value, this is an opportunity you don't want to miss! Key Features: Two Units, Flexible Layout: Lower Unit: Approx. 1,100 sqft | 2-BD/2-BA Upper Unit: Approx. 1,890 sqft | 3-BD/2-BA + a sunroom (currently configured as a bonus room). The upper unit, with its vaulted ceilings and abundant natural light, is currently used as a combined owner's unit but can easily be reconfigured into two separate units, thanks to three separate meters. Recent Upgrades: Renovated bathrooms, modernized kitchens, updated carpet and lighting, and fresh paint make this property turnkey and ready for immediate occupancy. Exceptional Amenities: A rare four-car garage provides ample parking, and two separate laundry facilities enhance convenience. Rental & Investment Potential: Current rent projections for the units in their existing condition are approximately $15,500/month. Can be approved for condo conversion with city approval, offering the potential to sell units separately. Comparable sales from 2020 and 2023 confirm the incredible value of this property, with no other offering on the market matching its combination of view, square footage, and price per square foot. The seller is motivated and says, "Bring an offer!" Whether you're a seasoned investor or seeking a stunning bayfront property, the income potential and lifestyle opportunities here are limitless. Don't wait--this is your chance to own a remarkable piece of Newport Beach with views that will leave you in awe, day and night.

Location

State CA

County Orange

Interior

Interior Features Balcony, Bar, Ceiling Fan(s), High Ceilings, Kitchen Open to Family Room

Heating Forced Air

Cooling Ductless, Electric

Flooring Vinyl, Carpet

Fireplaces Type Family Room

Inclusions all furnishings and washer/dryer/refrigerators

Laundry In Garage

Exterior

Garage Spaces 4.0

Pool None

Community Features Curbs, Sidewalks

Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected

View Y/N Yes

View Bay, City Lights, Coastline, Harbor, Marina, Panoramic, Water

Building

Lot Description Utilities - Overhead

Sewer Public Sewer

Others

Virtual Tour https://www.dropbox.com/scl/fi/zqe3azce7qxmv1ql1u78g/W-Bay-listing-video.mp4?rlkey=p9dat0jyq8zvtf27vdexg92xr&st=3hj1xm45&dl=0

Todd Kaufman

Agent | License ID: 01893578

+1(805) 206-4313

Todd Kaufman

1809 West Bay Avenue Newport Beach, CA 92663

Key Details

Location

Interior

Exterior

Building

Others

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1809 West Bay Avenue