422 East Bay Avenue

Newport Beach, CA 92661

$3,400,000
Price
2,402 / 0.06
Lot Size / Acres

Description

READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL PERMIT. This is your opportunity to build a custom home on the iconic Balboa Peninsula, just steps from the bay and a short walk to the beach, the Balboa Pier, Balboa Island Ferry, Fun Zone and the infamous Wedge. Plans for this 3-level home boast a pristine design with an open concept floor plan and an elevator to all three levels. The main level features a chef’s kitchen with a large island and bar seating that opens to an airy and light-filled...READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL PERMIT. This is your opportunity to build a custom home on the iconic Balboa Peninsula, just steps from the bay and a short walk to the beach, the Balboa Pier, Balboa Island Ferry, Fun Zone and the infamous Wedge. Plans for this 3-level home boast a pristine design with an open concept floor plan and an elevator to all three levels. The main level features a chef’s kitchen with a large island and bar seating that opens to an airy and light-filled living area. Adjacent to the kitchen is an outdoor courtyard separated only by glass doors allowing the ultimate indoor/outdoor living with room for a fire pit, grill or seating for entertaining guests. On the second level, a sleek primary suite includes a luxurious spa bathroom with dual vanities, large soaking tub and oversized walk-in shower. The primary suite also features a private balcony and a spacious walk-in closet. There are three secondary bedrooms on the second floor and an additional bedroom with full bath on the third level. The magnificent 1,000+ sq. ft. rooftop terrace is truly an entertainer's dream with its multiple covered and uncovered lounging areas, and plans for an outdoor kitchen, fire pit and hot tub. The oversized 2-car garage will be outfitted with a charging port for an electric vehicle and there is ample room for storage cabinets and bikes. The highly sought after short term rental permit is transferred to the buyer with the sale of the property, which will significantly increase the property’s rental income. This rare offering is a great opportunity for any discerning buyer or investor.
  1. Listed by Jodi DiTolla • DRE #01969994 • Brokerage DRE #01969994 • DiTolla Real Estate • 949-228-7263

Property Details for 422 East Bay Avenue

View
None
Lot Size Source
Assessor
Assessor Parcel Number
048-111-13
New Construction
Yes
Pool
No
View
No
Association
No
Association Fee
$.00

Location

Listing Courtesy of DiTolla Real Estate, Jodi DiTolla, DRE #01969994
Add your commute
LISTING UPDATED: 04/18/2024 05:05 AM

Property Details for 422 East Bay Avenue

StatusActive
MLS #NP24054125
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.06 AC
CountyOrange County

Location

Listing Courtesy of DiTolla Real Estate, Jodi DiTolla, DRE #01969994
Add your commute

Building Information for 422 East Bay Avenue

Lot Size0.06 AC

Payment Calculator

$20,073 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,555

Property Taxes

$1,518

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 422 East Bay Avenue

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: 95
  • Tax Census Tract: 628.00
  • CFD/Mello-Roos Fee: $380
  • Tax Lot: 22
Community / Development
Community / Development
  • Assessments: None
  • Community Features: Biking, Watersports, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Exterior Features
  • View Description: None
Distance To
  • Distance To Water: On Site
  • Distance To Sewer: On Site
  • Distance To Electric: On Site
  • Distance To Gas: On Site
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Water Available
  • Electric: Electricity Available, Natural Gas Available, Phone Available, Water Available
  • Water Source: Public
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (BALP)
  • Builders Tract Code: Balboa Peninsula (Residential) (BALP)

Property History for 422 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 422 East Bay Avenue

Taxable ValueLand$1,669,266Additions$32,261Total$1,701,527
Tax Record2023$18,217 ($1,518 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,256 SqFtAbove Grade Finished SqFt1,256 SqFtStories1Lot Size2,402 SqFtStyleSingle Family ResidenceYear Built1912CountyORANGEAPN048-111-13

Schools near 422 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.

Similar Homes

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422 East Bay Avenue is a 0.06 ac of land for sale in Newport Beach, CA 92661. This property was listed for sale on March 18, 2024 by DiTolla Real Estate, it's currently listed at $3,400,000. It has been on the market for a total of 42 days and was last sold on April 26, 2023. 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. 422 East Bay Avenue is a 0-bed, 0-bath, 0.06 ac of land on a 2,402 sq. ft. / 0.06 acres lot.

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.

Listing Courtesy of DiTolla Real Estate, Jodi DiTolla, DRE #01969994

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.