$8,995,000 - 405 E Edgewater Avenue, Newport Beach

  • 0Beds
  • Baths
  • 4,902SQ. Feet
  • 0.16Acres

INVESTMENT OPPORTUNITY! Live the beach lifestyle! This prime Balboa Peninsula Bayfront location is situated on a corner lot with 100’ of private white sand beach, a private dock, and 4 large boat slips. 405 Edgewater Avenue presents a rare opportunity to own a property consisting of 4 units, that are perfectly positioned with dramatic views of the bay, Balboa Island and Newport Beach city lights. Sited on a double R2- 7100’ lot with over 4800’ of living space. Consisting of an upstairs master unit, open floor plan, 4/2, second-story loft/bonus room, with floor to ceiling glass and a large front patio. A beautiful 2 bedroom, 2 bath, first-floor unit with a large patio that is three feet from the sand! Attached are 2 large studio units, 3 enclosed attached garages offering parking for 5 cars and 2 outside designated parking spaces. All 4 units have unsurpassed views of the bay, 3 bayfront patios and seating area on the dock is sure to provide extensive outside entertainment and relaxation areas. The quadruplex has recently been remodeled with new hardwood flooring, granite countertops, new or updated kitchens and baths. Experience the finest of coastal living in beautiful Newport Beach with the sand at your doorstep, ocean breezes and world-class amenities just minutes away. Whether you choose to keep one unit for yourself or rent all 4, (short term rental approved) Don't miss this once in a lifetime opportunity! Perfect for 1031.

Sales Agent

Sam SmithNewport Beach Real EstatePhone: 949-444-1901Cell: 949-444-1901Contact Agent Now

Essential Information

  • MLS® #:NP19167847
  • Price:$8,995,000
  • Bathrooms:0.00
  • Square Footage:4,902
  • Acres:0.16
  • Year Built:1970
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:405 E Edgewater Avenue
  • Area:Balboa Peninsula (NP)
  • Subdivision:Balboa Peninsula (Residential) (BALP)
  • City:Newport Beach
  • County:Orange
  • State:CA
  • Zip Code:92661

Amenities

  • Parking Spaces:7
  • # of Garages:5
  • Is Waterfront:Yes
  • Waterfront:Bay Front, Lot has Beach Access, Beach Front, Lot Includes Dock, Lot has Ocean Access

Interior

  • Heating:Central Furnace
  • Fireplace:Yes
  • Stories:Two

Exterior

  • Lot Description:2-5 Units/Acre
  • Windows:Window Blinds, Bay/Bow, Plantation Shutters, Screens
  • Foundation:Concrete Slab

Additional Information

  • Date Listed:July 17th, 2019
  • Days on Market:91

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Provided By: Michelle Peschel(01968673), Pacific Sotheby's Int'l Realty.

Based on information from California Regional Multiple Listing Service, Inc. as of October 17th, 2019 at 9:20pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.