439 Via Lido Soud,Newport Beach, CA 92663
Newport Beach, CA 92663
Description
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.
Details
| MLS # | NP26124983 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 82 |
| Listing Provided By | Arbor Real Estate | Chris Brigandi |
Features
| SQ Feet | 3,378 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Acreage | 0.06 |
Interior
| Cooling | None |
|---|---|
| Cooling Yes / No | No |
| Fireplace Yes / No | Yes |
Exterior
| Lot Features | Street Level |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Fishing, Street Lights, Water Sports |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92663 |
| Area | N8 West Newport Lido |
| Community Name | Lido Island (LIDO) |
| Listing VS Median (in Lido Island (LIDO)) | |
Price: $8,395,000 low | high Med: $8,395,000 sqft: 3,378 low | high Med: 3,378 $ / sqft: $2,485 low | high Med: $2,485 On site: 82 low | high Med: 82 | |
Market Activity 92663
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92663 |
| Area | N8 West Newport Lido |
| Community Name | Lido Island (LIDO) |
| Listing VS Median (in Lido Island (LIDO)) | |
Price: $8,395,000 low | high Med: $8,395,000 sqft: 3,378 low | high Med: 3,378 $ / sqft: $2,485 low | high Med: $2,485 On site: 82 low | high Med: 82 | |
