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Key Details
Sold Price $4,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lido Peninsula (Lipn)
MLS Listing ID NP20224995
Sold Date 09/30/21
HOA Y/N No
Year Built 1968
Lot Size 7,849 Sqft
Property Description
$400,000. Price Improvement on 3/1/2021...Act quickly to take advantage of this extraordinary waterfront opportunity in the heart of Newport Beach, where this ultra-rare four-plex offers a prime location across the harbor from the new upscale Lido Marina Village. Located at the end of a cul-de-sac, the rare double lot features a 50' boat slip and can be kept as an income-producing investment or completely redeveloped. Imagine creating an enviable waterfront paradise within moments of Lido Marina Village’s boutiques, cafés and restaurants, miles of world-renowned beaches, recreation, top-rated schools, Orange County Airport and Hoag Hospital. Spanning approximately 7,850 square feet, the double lot is currently home to an income-producing four-plex. New decking and upgraded electrical was added in 2019. Three units offer 2 bedrooms and 1 bath, and one hosts 3 bedrooms and 2.5 baths. Opportunities as rare as this come but once in a lifetime...don’t let it pass you by.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Interior
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Boat Slip, Dock
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Fishing, Water Sports, Marina
Waterfront Description Bay Front,Ocean Access,Ocean Side Of Highway
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 42308312
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Cammy Leslie • Surterre Properties Inc.