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308 306 E Bay Avenue

Newport Beach, CA 92661

3 beds
3 baths
1,281 sqft
2,178 sqft lot
$1,779 per sqft
1917 build
– on site

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Welcome to 306/308 E Bay Avenue – a fantastic real estate gem located in the heart of a vibrant coastal community. This unique property is a corner lot, offering not just a home but an exceptional investment opportunity. Currently configured as a charming duplex, this property presents a wealth of possibilities. The front unit (308) boasts a cozy one bedroom, one bathroom layout, perfect for enjoying a quiet retreat by the beach. The rear unit (306) features a spacious two bedroom, two bathroom layout, providing ample space for family and guests. With separate entrances for each unit, privacy is a given, making it an ideal arrangement for extended family living or rental income. The location of 306/308 E Bay Avenue is truly unparalleled. Just a few steps away from both bay and ocean beaches, you'll find yourself immersed in the soothing sounds of the waves and the invigorating ocean breeze. Enjoy leisurely strolls along the beach, or indulge in water sports and activities right at your doorstep. For those seeking entertainment and local attractions, look no further. The property is conveniently situated near the famous Fun Zone and Balboa Pier, ensuring endless amusement, dining, and shopping options for residents and visitors alike. Unleash your imagination with the array of opportunities this property presents. Whether you're an astute investor looking to generate rental income, a creative mind excited to remodel and upgrade the existing units, or a visionary ready to start anew with a new construction property, this opportunity is your canvas. Seize the chance to own a slice of coastal paradise with limitless potential. Welcome yourself home to 306/308 E Bay Avenue.

Listed By CRMLS_CA / Summer Perry / Compass

Last checked: Checking… • Last updated Nov 30, 2023 •

MLS# NP23146969 —

The Building

Year Built:

1917
Year Built Source:

Assessor
New Construction:

No
Roof:

Composition
Structure Type:

Duplex
Entry Level:

1
Common Walls:

No Common Walls
Total Number Of Units:

2
Stories Total:

2

Interior

Levels:

One, Two
Entry Location:

street
Room Type:

Kitchen, Living Room, Main Floor Bedroom
Living Area Units:

Square Feet
Living Area Source:

Assessor
Fireplace:

Yes
Fireplace:

Living Room
Laundry:

Common Area
Laundry:

1

Room Dimensions

Living Area:

1281.00

Location

Directions:

Cross streets are E Bay Avenue and Fernando Street
Latitude:

33.60398800
Longitude:

-117.90309400

The Property

Property Type:

Residential
Subtype:

Duplex
Lot Features:

Corner Lot
Lot Size Area:

2178.0000
Lot Size Acres:

0.0500
Lot Size SqFt:

2178.00
Lot Size Source:

Assessor
View:

None
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No
Lease Considered:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

628.00
Tax Tract:

511
Tax Lot:

80

Beds

Total Bedrooms:

3
Main Level Bedrooms:

2

Baths

Total Baths:

3
Full & Three Quarter Baths:

3
Main Level Baths:

2
Full Baths:

3

The Listing

Buyer's Brokerage Compensation:

2.500%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2.50
Parcel Number:

04810319
Showings Begin:

2023-08-16

Heating & Cooling

Cooling:

No
Cooling:

None

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary:

NEWPOR
Elementary School:

Newport
Middle School:

Ensign
Middle School:

ENSIGN
High School:

Newport Harbor
High School:

NEWHAR
High School District:

Newport Mesa Unified

The Community

Subdivision:

Balboa Peninsula (Residential) (BALP)
Subdivision:

Balboa Peninsula (Residential) (BALP)
Senior Community:

No
Features:

Sidewalks, Street Lights
Pool:

None
Private Pool:

No
Waterfront Features:

Ocean Side Of Highway 1
Spa Features:

None
Association:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Driveway
Parking Spaces:

3.00
Uncovered Spaces:

3.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/29/23 Nov 29, 2023	Sold	CRMLS_CA	$2,280,000	-0.7%
11/25/23 Nov 25, 2023	Pending	CRMLS_CA	$2,295,000
10/25/23 Oct 25, 2023	Sold Subject To Contingencies	CRMLS_CA	$2,295,000

Multifamily Sold on 11/29/2023

$2,280,000

Listing provided by broker:

Summer Perry

Compass

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Listing Courtesy of: CRMLS_CA and Compass. Based on information from California Regional Multiple Listing Service, Inc. as of 13:01 on May 07.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

308 306 E Bay Avenue

Newport Beach, CA 92661