Newport Beach, CA 92661,308 306 E Bay AVE
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Newport Beach, CA 92661,308 306 E Bay AVE
Newport Beach, CA 92661,308 306 E Bay AVE
Newport Beach, CA 92661,308 306 E Bay AVE
Newport Beach, CA 92661,308 306 E Bay AVE

$2,295,000

Est. payment /mo
Est.Price: ?

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308 306 E Bay AVE Newport Beach, CA 92661

3 Beds

3 Baths

1,281 SqFt

SOLD DATE : 11/29/2023

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,281 sqft

Price per Sqft $1,779

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP23146969

Bedrooms 3

Full Baths 3

Year Built 1917

Lot Size 2,178 Sqft

Property Description

Welcome to 306/308 E Bay Avenue ? a fantastic real estate gem located in the heart of a vibrant coastal community. This unique property is a corner lot, offering not just a home but an exceptional investment opportunity. Currently configured as a charming duplex, this property presents a wealth of possibilities. The front unit (308) boasts a cozy one bedroom, one bathroom layout, perfect for enjoying a quiet retreat by the beach. The rear unit (306) features a spacious two bedroom, two bathroom layout, providing ample space for family and guests. With separate entrances for each unit, privacy is a given, making it an ideal arrangement for extended family living or rental income. The location of 306/308 E Bay Avenue is truly unparalleled. Just a few steps away from both bay and ocean beaches, you'll find yourself immersed in the soothing sounds of the waves and the invigorating ocean breeze. Enjoy leisurely strolls along the beach, or indulge in water sports and activities right at your doorstep. For those seeking entertainment and local attractions, look no further. The property is conveniently situated near the famous Fun Zone and Balboa Pier, ensuring endless amusement, dining, and shopping options for residents and visitors alike. Unleash your imagination with the array of opportunities this property presents. Whether you're an astute investor looking to generate rental income, a creative mind excited to remodel and upgrade the existing units, or a visionary ready to start anew with a new construction property, this opportunity is your canvas. Seize the chance to own a slice of coastal paradise with limitless potential. Welcome yourself home to 306/308 E Bay Avenue.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Interior

Cooling None

Fireplaces Type Living Room

Laundry Common Area

Exterior

Garage Driveway

Pool None

Community Features Street Lights, Sidewalks

Waterfront Description Ocean Side Of Highway

View Y/N No

View None

Roof Type Composition

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Newport

Middle Schools Ensign

High Schools Newport Harbor

School District Newport Mesa Unified

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Summer Perry • Compass
Bought with Grant Foerstel • Coldwell Banker Realty

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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