1809 West Bay Avenue 1809 West Bay Avenue Newport Beach, California 92663 United States

Offered fully furnished, 1809 W. Bay presents an unparalleled opportunity to own a lucrative, turnkey investment property directly on one of the most beautiful bay beaches in Newport Beachjust a block from the ocean. With breathtaking 180-degree harbor views, generous square footage, and a price per square foot that makes this an incredible value, this is one of the most compelling opportunities on the market today.Two Units, Flexible LayoutLower Unit: Approx. 1,100 sqft 2-BD/2-BAUpper Unit: Approx. 1,890 sqft 3-BD/2-BA + sunroom/bonus room; Currently configured as a spacious owners unit with vaulted ceilings and abundant natural light, but can easily be reconfigured into two separate units thanks to three separate meters.Recent Upgrades: Renovated bathrooms, modernized kitchens, updated carpet, lighting, and fresh paint. Move-in or rent-ready.Rare 4-Car Garage + two laundry areas for added convenience.Rental & Investment Potential:Projected rental income: approx. $16,500/monthEligible for condo conversion (with city approval)unlocking additional upside potential.Incredible Value Backed by Sales Data:1801 W. Bay sold for $4.2M in Sept 2023without the panoramic view this home offers and 1807 W. Bay sold for $3.9M in 2021.At todays price, 1809 W. Bay is significantly under market value given the view, square footage, and investment upsideBack on the market after falling out of escrow due to buyer non-performance, the seller is motivated and says: bring all offers. Whether you're a seasoned investor or simply looking for an iconic bayfront lifestyle, this property checks every box.

Listing Courtesy of Compass, Email/Phone : annie.clougherty@compass.com