NOT LISTED FOR SALE

1103 W Bay Ave Newport Beach, CA 92661

Central Newport Beach Neighborhood
5 Beds
3 Baths
2,596 Sq Ft
2,700 Sq Ft Lot

Last Sold February 14, 2024

Last sale price $3,300,000 $1,271 Per Sq Ft

173 Days on Market

Highlights

  • Property has ocean access
  • Bay View
  • Across the Road from Lake or Ocean
  • Newport Elementary School Rated A
  • Two Primary Bedrooms
  • Wood Flooring

About This Home

As of February 2024

Seller Financing Available--Step into this duplex in Newport Beach and discover a world of untapped potential waiting for you! This vintage charming duplex is ideally situated in a prime location, just steps away from the beach and the picturesque Newport Bay. Boasting bay views, this residence offers a truly wonderful experience. Upstairs unit - 3 bedrooms/2 full bathrooms. Balcony, private patio, & a loft/office space. Downstairs unit - 2 bedrooms and 1 full bath with private patio.

This Duplex offers a 2 car spacious garage with an additional covered carport, allowing 3 car parking.

This unique structure / floor plan has an elevator + an indoor staircase leading to both levels & attached garage. Sitting on a 2.7k sqft bigger lot allows a lucrative opportunity to go multiple avenues. Live in one unit & rent out the other to offset your mortgage. Utilize the elevator / indoor staircase to use this property more like an SFR using both units for yourself. Rent out both units at current market rents. Or you can build a new construction duplex with 2 units R2 (or a SFR w/ JADU - do your buyer due diligence through the city on what you can build) - Front unit would boast bay views and the back unit may have potential ocean views off the rooftop deck.

This highly sought-after location offers a lifestyle that blends coastal charm, endless recreation, savvy investment and breathtaking views all in one. All while being very close to restaurants, boutiques, shopping & much more!

Last Agent to Sell the Property

Zach Bateman

Coldwell Banker Realty License #02053091 Listed on: 07/03/2023

Coldwell Banker Realty

Co-Listed By

Richard Caceres

First Team Real Estate North Tustin License #02093508

Last Buyer's Agent

Clayton Wellbank

Clayton Wellbank, Broker License #01791539

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 2,700 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Attached Garage
  • 1 Carport Space
  • Parking Available

Home Design

  • Duplex
  • Bungalow
  • Entry on the 2nd floor
  • Cosmetic Repairs Needed
  • Slab Foundation

Interior Spaces

  • 2,596 Sq Ft Home
  • 2-Story Property
  • Separate Family Room
  • Dining Room
  • Wood Flooring
  • Bay Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • Double Master Bedroom
  • 3 Full Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Patio
  • Front Porch

Additional Features

  • Across the Road from Lake or Ocean
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 626
  • Assessor Parcel Number 04726311
  • $13,360 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Balboa Peninsula Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Bungalow
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 04726311
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2596.00 Square Feet
  • Stories: 2
  • Entry Location: front door or garage
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Eating Area: Dining Room
  • Entry Level: 2
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 1271.19
  • Room Type: Kitchen, Laundry, Separate Family Room, Two Primaries
  • Bathroom Features: Shower In Tub

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Bay
  • Patio And Porch Features: Patio, Front Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 2700.00
  • Lot Size Acres: 0.0620

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2700.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Ocean Access

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 626
  • TaxOtherAnnualAssessmentAmount: 13360.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2024 02/14/24 Sold $3,300,000 -6.4% $1,271 / Sq Ft
12/24/2023 12/24/23 Pending -- -- --
12/13/2023 12/13/23 Price Changed $3,525,000 -2.8% $1,358 / Sq Ft
08/04/2023 08/04/23 Price Changed $3,625,000 -4.5% $1,396 / Sq Ft
07/03/2023 07/03/23 For Sale $3,795,000 -- $1,462 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Zach Bateman

    Seller's Agent in 2024

    Zach Bateman

    Coldwell Banker Realty

    (714) 909-8479

    2 in this area

    21 Total Sales

    Zach Bateman
    Section Image
  • Richard Caceres

    Seller Co-Listing Agent in 2024

    Richard Caceres

    First Team Real Estate North Tustin

    (949) 769-0939

    1 in this area

    36 Total Sales

    Richard Caceres
    Section Image

  • C

    Buyer's Agent in 2024

    Clayton Wellbank

    Clayton Wellbank, Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23115865

California Regional Multiple Listing Service (CRMLS)

APN: 047-263-11

California Orange County Newport Beach 92661 Central Newport Beach

1103 W Bay Ave, Newport Beach, CA

This home is located at 1103 W Bay Ave, Newport Beach, CA 92661 since 03 July 2023. This property was built in 1959. 1103 W Bay Ave is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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