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Listed by Annie Clougherty • Compass
$4,515,000
Est. payment /mo
3,092 SqFt
UPDATED:
12/11/2024 03:47 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,092 sqft
Price per Sqft $1,460
MLS Listing ID CRNP24123545
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1968
Lot Size 3,250 Sqft
Property Description
Bayfront Location! 1811 W. Bay is a BAYFRONT 6-BD DUPLEX with 4-car garage located directly in front of the serene, sandy bay beach of picturesque Marina Park! Owned by the same family for over 60 years, this is a fixer opportunity to make an original bayfront property your own; choose to rent out the existing 3-BD/2-BA units to maximize investment income, OR live in one unit and rent out the other, OR possibly even transform the entire 3,000sf property into your very own single-family bayfront home/two separate condos. The possibilities are endless and the property is an ideal candidate for a 1031 exchange. Combined income is approximated at $13,500/month. Short-term lodging is permissible, however, there is currently no active permit. In addition, another duplex located directly next door (1809 W Bay, MLS ID#NP24060094) is also currently for sale. If both are purchased together (not required) it makes an exceptionally rare opportunity to own TWO side-by-side bayfront properties. Very easy to show, call today for a private tour.
Location
State CA
County Orange
Interior
Heating Forced Air
Cooling No Air Conditioning
Flooring Carpet
Fireplace No
Laundry In Garage
Exterior
View Bay, City Lights, Marina, Water, Other
Building
Lot Description Other
Water Public
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James Dye
Broker Associate | License ID: 00897803
Broker Associate License ID: 00897803