517 W BAY AVE, Newport Beach, CA 92661 – NP21076914 - Paul Ward

$2,630,000

Est. payment -/mo

Est.Price: ?

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2,613 Sqft Lot

SOLD DATE : 08/04/2021

Key Details

Sold Price $2,630,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP21076914

Year Built 1971

Lot Size 2,613 Sqft

Property Description

Just a block from the beach and the bay, this generously proportioned, turn-key duplex presents a wonderful investment opportunity in one of the very best locations on Balboa Peninsula. Upstairs a fabulous four bedroom owners' unit offers expansive light, bright living space. The vaulted ceiling great room with fireplace adjoins a sunny kitchen with breakfast bar and dining nook. The large sunny terrace offers pleasing views of the tree-lined street and fun-filled beach locale. Four commodious bedrooms, two remodeled baths and private laundry complete the upper unit. The lower level three bedroom, two bath unit has been freshly painted and carpeted and is ready to roll! The living room has its own fireplace and sliding doors that open to a private front patio. A large two car garage completes this wonderful income opportunity that is uniquely well-suited for an owner/resident to live steps from the sand and benefit from income below. Don't let this one pass you by!

Location

State CA

County Orange

Area Np - Balboa Peninsula

Interior

Heating Forced Air, Natural Gas

Cooling None

Flooring Carpet, Tile, Wood

Fireplaces Type Gas Starter, Living Room, See Remarks

Laundry Inside, See Remarks

Exterior

Parking Features Direct Access, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Storm Drain(s), Street Lights, Sidewalks, Urban, Water Sports

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View City Lights, Neighborhood

Building

Lot Description Level

Story Two

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Paul Ward

paul@homeandranchteam.com +1(805) 479-5004

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by Tara Foster Shapiro • Pacific Sotheby's Int'l Realty
Bought with ELIZABETH DURAN • EXCELLENCE EMPIRE REAL ESTATE

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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