$2,295,000 - 308 306 Bay Avenue, Newport Beach
- 3Beds
- 3Baths
- 1,281SQ. Feet
- 0.05Acres
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.
Essential Information
- MLS® #:NP23146969
- Price:$2,295,000
- Bedrooms:3
- Bathrooms:3.00
- Full Baths:3
- Square Footage:1,281
- Acres:0.05
- Year Built:1917
- Type:Residential
- Sub-Type:Duplex
- Status:Closed
- Listing Agent:Summer Perry
- Listing Office:Compass
Community Information
- Address:308 306 Bay Avenue
- Area:NP - Balboa Peninsula
- Subdivision:Balboa Peninsula (Residential) (BALP)
- City:Newport Beach
- County:Orange
- Zip Code:92661
Amenities
- Parking Spaces:3
- Parking:Driveway
- Garages:Driveway
- View:None
- Waterfront:Ocean Side Of Highway
- Pool:None
Interior
- Interior Features:Bedroom on Main Level
- Cooling:None
- Fireplace:Yes
- Fireplaces:Living Room
- # of Stories:2
- Stories:One, Two
Exterior
- Lot Description:Corner Lot
- Roof:Composition
School Information
- District:Newport Mesa Unified
- Elementary:Newport
- Middle:Ensign
- High:Newport Harbor
Additional Information
- Date Listed:August 7th, 2023
- Days on Market:54
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Based on information from California Regional Multiple Listing Service, Inc. as of April 30th, 2024 at 3:20pm 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.