521 West Bay Avenue

Newport Beach, CA 92661

$2,300,000
Last Sold Price
7
Beds
4
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Look at this spacious duplex, over 3000 square feet of living space! Balboa Peninsula location in the highly desirable Newport Beach bay and harbor area. Centrally situated between the ocean and the bay, makes this an ideal location for a summer home or short term weekly rental opportunities. Walk out your door, you can see the sand, just a few short blocks away. The bay front is a quick walk just minutes away. Unique property with spacious floor plans, tons of living space. Large corner 2 unit building...Look at this spacious duplex, over 3000 square feet of living space! Balboa Peninsula location in the highly desirable Newport Beach bay and harbor area. Centrally situated between the ocean and the bay, makes this an ideal location for a summer home or short term weekly rental opportunities. Walk out your door, you can see the sand, just a few short blocks away. The bay front is a quick walk just minutes away. Unique property with spacious floor plans, tons of living space. Large corner 2 unit building featuring a four bedroom/ two bath upper unit, enjoying high ceilings, fireplace, large living room with access to a private deck. Also includes inside laundry. The lower residence has three bedrooms/two baths, nice fireplace, kitchen bar area, in excellent condition. The lower has direct access to the shared two car garage. This property has been family owned for many years, lived in and enjoyed by various family members. In the last number of years there has been a steady tenant history, always leased. Close not only to the water, but also entertainment, restaurants, shopping and historic landmarks. Prime Coastal investment in the heart of Newport!
  1. Listed by Tracy Seeber • DRE #00954837 • Burr White Realty
  2. Listed by Joan Trout • DRE #00578819 • Burr White Realty

Property Details for 521 West Bay Avenue

Architectural Style
Traditional
View
None
Parking Spaces Total
2
Private Pool
No
Cooling Type
None
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 09/08/2020 12:55 AM

Property Details for 521 West Bay Avenue

StatusSold
MLS #NP20050504
Days on Market173
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.06 AC / 2,614 SF
CountyOrange County

Building Information for 521 West Bay Avenue

Stories2Residences-Year Built1972Building Size-Lot Size0.06 AC / 2,614 SF

Property Information for 521 West Bay Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $81,000
  • Net Operating Income: $0
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Financing: Cash
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 062800
  • Tax Census Tract: 628.00
  • Tax Lot: 0
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Water Heater
  • Equipment: Dishwasher, Garage
  • Interior Features: Beamed Ceilings, Living Room Balcony, Open Floorplan, Tile Counters
  • Room Type: Master Bathroom
  • Laundry: Yes
  • Laundry Features: In Garage, Upper Level
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: N/K
  • Heating Type: Central
  • Flooring Type: Carpet, Vinyl
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Shingle Siding
  • Roof: Composition
  • Fence: Yes
  • Fencing: Average Condition
  • Foundation Details: Slab
  • Property Condition: Repairs Cosmetic
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
  • Spa: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved, Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (Residential) (BALP)
  • Builders Tract Code: Balboa Peninsula (Residential) (BALP)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,850
  • Unit Type Total Rent: $3,850
  • Unit Type Pro Forma: 4600
  • 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: $2,900
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 2
Unit Information
  • 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

Property History for 521 West Bay Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 521 West 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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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Burr White Realty, Tracy Seeber, DRE #00954837; Burr White Realty, Joan Trout, DRE #00578819

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.