417 E Bay Ave
Newport Beach, CA 92661

Bd   — Ba   1,624 Sqft
**Investor’s Special** Four-unit multi-family investment property located on the Balboa Peninsula in the city of Newport Beach. 2 units are located on Bay Ave and the other 2 units are located on Harding St. 3 units are 1 bed 1 bath. 1 unit is the same but with an extra small room. Each unit has its own full kitchen and bath and is loaded with charm. There is a renovation program on the Balboa Peninsula that can help with the repairs and TLC that is needed in all units. Rarely a property as this comes on the market and the possibilities are endless. The property is situated in one of the most desirable locations on the Coast sitting just one block from the bay and two blocks from the ocean, in close proximity to the Wedge. The Wedge is a popular surfing spot located at the extreme east end of the Balboa Peninsula. This is a Real Estate Owned sale being sold AS-IS. The Appraised value is there and once the repairs are done, it will only increase the value!!! Buyer’s agent to verify everything.
  • Neighborhood: Central Newport Beach
  • Days on Movoto: 12
  • Year Built: 1923
  • HOA: $0 HOA
  • $/Sqft: $985
  • Lot: 2,178 Sqft
  • Property Type: Multi Family
  • MLS#: OC17137383
  • MLS:
  • Listing Office: CLJ Realty Group
  • Listed By: Cornelius Jackson
  • Movoto last checked CRMLS for new data 36 minutes ago
  • CRMLS last updated this listing 1 week ago

Home Features for 417 E Bay Avenue, Newport Beach

Overview
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Property History for 417 E Bay Avenue, Newport Beach

Status
Date
Price
Listed
Jun 16, 2017
$1,599,000
#OC17137383
Listed
Jan 31, 2017
$1,400,000
#17196980
Price Change
Aug 25, 2016
$1,510,000
Listed
May 6, 2016
$1,450,000
#OC16096150

Public Record for 417 E Bay Avenue, Newport Beach

978 Sqft Building Area
Quadruplex (4 units, any combination)
2,153 Sqft Lot Size
1923 Year Built
$1,240,000 Last Sale Price
07/13/2005 Last Sale Date
417 E Bay Ave in 92661 is currently listed for 1,599,000. As of today, , this is 37% below the median price of $2,550,000 for the city of Newport Beach, CA and 60% below the median of $3,950,000 for ZIP code 92661. Right now, there are 43 properties for sale in 92661 and 397 properties listed for sale in Newport Beach. Those 397 properties are made up of 306 single family homes and 91 condos. The square footage of 417 E Bay Ave is approximately 1,624, which is 39% below the median size of 2,681 Sqft in Newport Beach and 46% below the median size of 2,987 Sqft in ZIP code 92661. This property's price per Sqft is $985, which is 28% below the $1,364 median in 92661 and 19% above the $830 Newport Beach median.
Built in 1923, this multi family house at 417 E Bay Ave is approximately 1,624 square feet and does not come with a parking spot. It is listed on 06/16/2017 with a cost per Sqft of $985. 417 E Bay Ave is located in the Central Newport Beach neighborhood in the Newport-Mesa Unified School District. The closest school is Newport Elementary School.

417 E Bay Ave has been on the market for 12 days. The median days on the market for properties in this area is 70 with a median list price of $2,550,000 and median cost per square foot of $830. It's currently listed as active under the MLS #OC17137383.

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