219 East Bay Avenue

Newport Beach, CA 92661

$3,950,000
Price
5
Beds
3
Baths
2,225 Sq. Ft.
$1,775 / Sq. Ft.
2,225
Sq. Ft.
$1,775
per Sq. Ft.

Description

Beach Duplex with a transferrable SHORT-TERM RENTAL LICENSE, located on a CORNER LOT in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset at the T of Coronado Street with an unobstructed view of the bay - must see view to appreciate! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio facing...Beach Duplex with a transferrable SHORT-TERM RENTAL LICENSE, located on a CORNER LOT in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset at the T of Coronado Street with an unobstructed view of the bay - must see view to appreciate! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio facing the bay, and the top level has 3 bedrooms, 2 baths, with a large deck facing the bay. A buyer can inquire with the city about adding a third level for additional ocean views, similar to many neighboring properties. This can be a family beach home with 2 units, income property, short-term rental property, or combination. Both units have fireplaces, beautiful open kitchens, and use of one car space in the two-car enclosed garage, with overhead storage space, and plenty of unmetered on-street parking. The upstairs home has a grand primary bedroom suite, and an additional second stairway and entry door in rear of home. Additional amenities include custom built-in storage throughout, open beam ceilings, and 219 E Bay Avenue is Southern California beach living at its finest, with the world-famous Newport Beach Harbor one block to the North for boating, sailing, and other water sports, and expansive sandy beaches, just a few houses away to the South, for surfing and more. Many yacht clubs are in Newport Harbor, for terrific social connections, and there are endless restaurant options. This property has been meticulously maintained by the same owners for over 25 years, including a new roof in 2020. All of the advantages of living at the beach, with an interior price tag.
  1. Listed by Kathy Abbott • DRE #00889942 • Brokerage DRE #02157916 • Universal Preferred Properties • 714-457-3849

Property Details for 219 East Bay Avenue

View
Harbor, Ocean
Parking Spaces Total
2
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2225

Location

Listing Courtesy of Universal Preferred Properties, Kathy Abbott, DRE #00889942
Add your commute
LISTING UPDATED: 03/30/2024 09:21 AM

Property Details for 219 East Bay Avenue

StatusActive
MLS #NP24048345
Days on Market49
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.06 AC / 2,614 SF
CountyOrange County

Location

Listing Courtesy of Universal Preferred Properties, Kathy Abbott, DRE #00889942
Add your commute

Building Information for 219 East Bay Avenue

Stories2Residences-Year Built1957Building Size-Lot Size0.06 AC / 2,614 SF

Payment Calculator

$22,278 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,557

Property Taxes

$721

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 219 East Bay Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $88,200
  • Net Operating Income: $0
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 4
  • Tax Tract Number: 510
  • Tax Census Tract: 628.00
  • CFD/Mello-Roos Fee: $528
  • Tax Lot: 11
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments, Buyer to Verify
  • Community Features: Biking, Fishing, Watersports, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Range, Gas Oven, Gas Water Heater, Microwave, Range Hood, Water Heater
  • Equipment: Dishwasher, Dryer, Dryer Included, Gas Dryer Hookup, Laundry Area, Microwave, Washer, Washer Hookup, Washer Included
  • Interior Features: 2 Staircases, Balcony, Beamed Ceilings, Cathedral Ceiling(s), Granite Counters, Living Room Deck Attached, Unfurnished
  • Room Type: Family Room, Kitchen, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite
  • Bedroom Features: Main Floor Bedroom
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
  • Fireplace Features: Family Room, Masonry
  • Fireplace Rooms: Family Room
  • Cooling: None
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
  • Flooring: Laminate, Tile
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Drywall Walls, Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Entry Location: Lower unit - front door; Upper unit - rear stairs
  • Fence: Yes
  • Fencing: Block
  • Foundation Details: Slab
  • Property Condition: Repairs Cosmetic
  • View Description: Harbor, Ocean
  • Waterfront Features: Beach Access, Ocean Access
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Direct Entrance, Door Opener, Garage - 2 Car
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Direct Garage Access, Garage - Two Door, Garage Door Opener, Off Street
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (BALP)
  • Builders Tract Code: Balboa Peninsula (Residential) (BALP)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,400
  • Unit Type Total Rent: $40,800
  • Unit Type Pro Forma: 40800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,950
  • Unit Type Total Rent: $47,400
  • Unit Type Pro Forma: 47400
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number Wall AC: 0

Property History for 219 East Bay Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 219 East Bay Avenue

Taxable ValueLand$664,933Additions$110,110Total$775,043
Tax Record2023$8,653 ($721 / month)
Home Facts
Total Finished SqFt2,225 SqFtAbove Grade Finished SqFt2,225 SqFtStories2Lot Size2,397 SqFtStyleDuplexYear Built1957CountyORANGEAPN048-091-10

Schools near 219 East Bay Avenue

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Newport Elementary School
PublicK to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor High School
Public9 to 12

Monte Vista High School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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219 East Bay Avenue is a multi-family home for sale in Newport Beach, CA 92661. This property was listed for sale on March 8, 2024 by Universal Preferred Properties, it's currently listed at $3,950,000. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Newport Elementary School, Horace Ensign Intermediate School and Newport Harbor High School. 219 East Bay Avenue is a 5-bed, 3-bath, 2,225 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Universal Preferred Properties, Kathy Abbott, DRE #00889942

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.