$ 8,800,000
-
$8,800,000
Price -
7
Bed -
5
Bath -
3,378
SqFt
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About the Listing U6821 - U12234
Rare opportunity to own one of Lido Isle's few multifamily zoned bayfront properties. Ideally situated on the coveted bayfront with panoramic harbor views, a sandy beach at your doorstep, and a three-car garage, this triplex offers an exceptional combination of lifestyle, income potential, and long-term value. The property features two waterfront 3-bedroom, 2-bath residences, and a 1-bed, 1-bath apartment above the rear garage. The lower unit includes private laundry and a waterfront patio, while the upper unit enjoys sweeping bay views, a private patio, newly remodeled kitchen and appliances and private laundry. The 1- bedroom apartment has a recently remodeled kitchen with new cabinets and appliances along with a remodeled bath. Further property enhancements still offer the opportunity for further renovation to maximize value. All three units are currently occupied on month-to-month tenancies, providing immediate rental income. Adding to its investment appeal, the owner obtained Short-Term Lodging Permits for both waterfront units, a highly valuable entitlement with limited availability and a lengthy waiting list. While all 3 units are currently on month-month leases, the short permits offer significant future flexibility and potential income opportunities along with opportunities for owner use. Residents enjoy Lido Isle's premier amenities including private beaches, tennis courts, a clubhouse, a yacht club, parks, and playground all just moments from Lido Marina Village, world-class dining, shopping, and Newport Harbor activities. A truly unique opportunity to acquire a rare bayfront income property in one of Newport Beach's most desirable waterfront communities.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Residential
MLS ®
NP26144262
Year Built
1953
Total Square Footage
3,378
Lot/Acreage
0.06
County
Orange
Neighborhood
Lido Island (LIDO)
HOA Dues
150/Monthly
School District
Newport Mesa Unified
Interior Details
- Bedrooms: 7
- Bathrooms: 1 Full / 4 Three-Quarter
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: Family Room
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Bedroom on Main Level,Main Level Primary
- Water: Public
Exterior Details
- Lot Description: Street Level,No Land Lease
- Garage Capacity: 3 car
- Parking Spaces: 3
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 42317201
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
439 Via Lido Soud Newport Beach, CA 92663
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