About 1103 W Bay Avenue
This is a rare opportunity to own a well-maintained mid-century duplex in the highly coveted "West Bay Ave" in Newport Beach. The property sits on 2,700 sqft lot and boasts 2,596 sqft of living space. This charming duplex is located just a few steps away from the picturesque Newport Bay and only three houses from the oceanfront. This highly sought-after location offers a lifestyle that blends coastal charm & beauty and endless recreational opportunities, making it a savvy investment opportunity.
The upstairs unit has stunning views of Newport Bay and features 3 bedrooms, 2 full bathrooms, a den, an elevator, a private outside patio with a wet bar, and a big balcony to enjoy an indoor/outdoor living experience. It also has separate laundry facilities, central heating, interior and exterior staircases, and a 2-car direct access garage (plus an additional covered carport) with ample storage. The downstairs unit has 2 bedrooms, 1 full bathroom, an expansive patio designed for the quintessential indoor/outdoor Newport Beach lifestyle, central heating, a private rear patio, and separate laundry. Both units also have access to a hot/cold outdoor shower.
This property offers various possibilities. You can live in one unit and rent out the other to offset your mortgage. Alternatively, you can use the elevator/indoor staircase to make this property more like an SFR by using both units for yourself. Another option is to rent out both units at current market rents. This property is conveniently located near the Balboa Fun Zone, Lido Village, restaurants, boutiques, and much more.