405 E Edgewater Avenue

    Newport Beach, CA 92661
    • $8,995,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: NP19167847
    UPDATED: 237 min ago
    $8,995,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,902
      SQFT
    • $1,835
      $/SQFT
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    INVESTMENT OPPORTUNITY!Live the beach lifestyle! This prime Balboa Peninsula Bayfront location is situated on a corner lot with 100+GG of private white sand beach, a private dock, and 4 large boat slips. 405 Edgewater Avenue presents a rare opportunity to own a property consisting of 4 units, that are perfectly positioned with dramatic views of the bay, Balboa Island and Newport Beach city lights. Sited on a double R2- 7100+GG lot with over 4800+GG of living space. Consisting of an upstairs master unit, open floor plan, 4/2, second-story loft/bonus room, with floor to ceiling glass and a large front patio. A beautiful 2 bedroom, 2 bath, first-floor unit with a large patio that is three feet from the sand! Attached are 2 large studio units, 3 enclosed attached garages offering parking for 5 cars and 2 outside designated parking spaces. All 4 units have unsurpassed views of the bay, 3 bayfront patios and seating area on the dock is sure to provide extensive outside entertainment and relaxation areas. The quadruplex has recently been remodeled with new hardwood flooring, granite countertops, new or updated kitchens and baths. Experience the finest of coastal living in beautiful Newport Beach with the sand at your doorstep, ocean breezes and world-class amenities just minutes away. Whether you choose to keep one unit for yourself or rent all 4, (short term rental approved) Don't miss this once in a lifetime opportunity! Perfect for 1031.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T00:33:43.89. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
    www.betterlivingsocalhomes.com/homes/99750304

    405 E Edgewater Avenue Newport Beach, CA 92661

    • Price: $8,995,000
    • Status: Active
    • Updated: 237 min ago
    • ID#: NP19167847
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,902
    SQFT
    $1,835
    $/SQFT
    1970
    Built
    Neighborhood:
    Balboa Peninsula (Residential) (Balp)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    Property Description
    INVESTMENT OPPORTUNITY!Live the beach lifestyle! This prime Balboa Peninsula Bayfront location is situated on a corner lot with 100+GG of private white sand beach, a private dock, and 4 large boat slips. 405 Edgewater Avenue presents a rare opportunity to own a property consisting of 4 units, that are perfectly positioned with dramatic views of the bay, Balboa Island and Newport Beach city lights. Sited on a double R2- 7100+GG lot with over 4800+GG of living space. Consisting of an upstairs master unit, open floor plan, 4/2, second-story loft/bonus room, with floor to ceiling glass and a large front patio. A beautiful 2 bedroom, 2 bath, first-floor unit with a large patio that is three feet from the sand! Attached are 2 large studio units, 3 enclosed attached garages offering parking for 5 cars and 2 outside designated parking spaces. All 4 units have unsurpassed views of the bay, 3 bayfront patios and seating area on the dock is sure to provide extensive outside entertainment and relaxation areas. The quadruplex has recently been remodeled with new hardwood flooring, granite countertops, new or updated kitchens and baths. Experience the finest of coastal living in beautiful Newport Beach with the sand at your doorstep, ocean breezes and world-class amenities just minutes away. Whether you choose to keep one unit for yourself or rent all 4, (short term rental approved) Don't miss this once in a lifetime opportunity! Perfect for 1031.
    Exterior Features

    Exterior Features Boat SlipBoat SlipDock Private Foundation Details Slab Garage Spaces 5.00 Lot Features 2-5 Units/Acre Lot Size Units Square Feet Parking Features AssignedDirect Garage AccessGarage Parking Total 7.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Waterfront Features Bay FrontBeach AccessBeach FrontIncludes DockOcean Access

    Interior Features

    Average Studio Area 500 Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1380 Average2 Bed Area Units Square Feet Average3 Bed Area 2527 Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Fireplace Features Bonus RoomLiving Room Fireplace YN Yes Flooring Wood Heating Central Heating YN Yes Interior Features BalconyBeamed CeilingsCathedral Ceiling(S)High CeilingsLiving Room Deck AttachedOpen FloorplanRecessed Lighting Laundry Features Common AreaDryer IncludedIn ClosetIn GarageInsideWasher Included Levels Two Room Type Bonus RoomMain Floor BedroomMain Floor Master BedroomMaster BathroomMaster Bedroom Window Features Bay Window(S)BlindsPlantation ShuttersScreens

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Watersports Country Us Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Scheduled Income 0.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number With Dishwasher 4 Number With Disposal 4 Number With Patio 3 Number With Range 4 Number With Refrigerator 4 Operating Expense 0.00 Other Income1 96000.00 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Balboa Peninsula (Residential) (Balp) Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Michelle Peschel of Pacific Sotheby's Int'l Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T00:33:43.89. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
     
    Better Living SoCal
    250 El Camino Real #104
    Tustin CA, 92780