Newport Beach, CA 92661,308 306 E Bay AVE
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Newport Beach, CA 92661,308 306 E Bay AVE
Newport Beach, CA 92661,308 306 E Bay AVE
Newport Beach, CA 92661,308 306 E Bay AVE
Newport Beach, CA 92661,308 306 E Bay AVE

$2,280,000

Est. payment /mo

$2,295,000

0.7%
Est.Price: ?

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308 306 E Bay AVE Newport Beach, CA 92661

3 Beds

3 Baths

1,281 SqFt

SOLD DATE : 11/29/2023

Key Details

Sold Price $2,280,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,281 sqft

Price per Sqft $1,779

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP23146969

Sold Date 11/29/23

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1917

Lot Size 2,178 Sqft

Acres 0.05

Property Description

Welcome to 306/308 E Bay Avenue – a fantastic real estate gem located in the heart of a vibrant coastal community. This unique property is a corner lot, offering not just a home but an exceptional investment opportunity. Currently configured as a charming duplex, this property presents a wealth of possibilities. The front unit (308) boasts a cozy one bedroom, one bathroom layout, perfect for enjoying a quiet retreat by the beach. The rear unit (306) features a spacious two bedroom, two bathroom layout, providing ample space for family and guests. With separate entrances for each unit, privacy is a given, making it an ideal arrangement for extended family living or rental income. The location of 306/308 E Bay Avenue is truly unparalleled. Just a few steps away from both bay and ocean beaches, you'll find yourself immersed in the soothing sounds of the waves and the invigorating ocean breeze. Enjoy leisurely strolls along the beach, or indulge in water sports and activities right at your doorstep. For those seeking entertainment and local attractions, look no further. The property is conveniently situated near the famous Fun Zone and Balboa Pier, ensuring endless amusement, dining, and shopping options for residents and visitors alike. Unleash your imagination with the array of opportunities this property presents. Whether you're an astute investor looking to generate rental income, a creative mind excited to remodel and upgrade the existing units, or a visionary ready to start anew with a new construction property, this opportunity is your canvas. Seize the chance to own a slice of coastal paradise with limitless potential. Welcome yourself home to 306/308 E Bay Avenue.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 2

Ensuite Laundry Common Area

Interior

Interior Features Bedroom on Main Level

Laundry Location Common Area

Cooling None

Fireplaces Type Living Room

Fireplace Yes

Laundry Common Area

Exterior

Garage Driveway

Pool None

Community Features Street Lights, Sidewalks

Waterfront Description Ocean Side Of Highway

View Y/N No

View None

Roof Type Composition

Parking Type Driveway

Total Parking Spaces 3

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Schools

Elementary Schools Newport

Middle Schools Ensign

High Schools Newport Harbor

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04810319

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Summer Perry • Compass
Bought with Grant Foerstel • Coldwell Banker Realty

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

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