Description
A Rare Investment Opportunity on the Newport Peninsula Offered fully furnished, 1809 W. Bay presents an unparalleled opportunity to own a lucrative investment property directly on one of the most beautiful bay beaches in Newport Beach, just a block from the crashing waves of the ocean. With breathtaking harbor views and practically bayfront, generous square footage, and a price per square foot that makes this property an incredible value, this is an opportunity you don’t want to miss! Key Features: Two Units, Flexible Layout: Lower Unit: Approx. 1,100 sqft 2-BD/2-BA Upper Unit: Approx. 1,890 sqft 3-BD/2-BA + a sunroom (currently configured as a bonus room). The upper unit, with its vaulted ceilings and abundant natural light, is currently used as a combined owner’s unit but can easily be reconfigured into two separate units, thanks to three separate meters. Recent Upgrades: Renovated bathrooms, modernized kitchens, updated carpet and lighting, and fresh paint make this property turnkey and ready for immediate occupancy. Exceptional Amenities: A rare four-car garage provides ample parking, and two separate laundry facilities enhance convenience. Rental & Investment Potential: Current rent projections for the units in their existing condition are approximately $15,500/month. Can be approved for condo conversion with city approval, offering the potential to sell units separately. Comparable sales from 2020 and 2023 confirm the incredible value of this property, with no other offering on the market matching its combination of view, square footage, and price per square foot. The seller is motivated and says, “Bring an offer!” Whether you’re a seasoned investor or seeking a stunning bayfront property, the income potential and lifestyle opportunities here are limitless. Don’t wait—this is your chance to own a remarkable piece of Newport Beach with views that will leave you in awe, day and night.
