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4010 River AVE Newport Beach, CA 92663
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Key Details
Sold Price $6,850,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $2,446
MLS Listing ID NP21195146
Sold Date 05/10/23
Construction Status AdditionsAlterations,UpdatedRemodeled,Turnkey
HOA Y/N No
Year Built 1948
Lot Size 3,036 Sqft
Acres 0.0697
Property Description
THIS RARE WATERFRONT GEM is one of the top luxury short-term vacation rental getaways in all of Newport Beach. The exceptional offering is completely turnkey and ready for a new owner to step right into an instant flow of year-round income. PRIVATE OVER-SIZED DOCK, Reissue of 2- COVETED SHORT TERM LODGING PERMITS (STLP) and 1- adjacent MOORING PERMIT transfer are included. The property is WELL-MAINTAINED, FULLY FURNISHED and upgraded throughout, melding today's modern luxuries with a balance of elegance and casual coastal living accommodations that meet demanding expectations of even the most discerning guests. A convenient locale allows easy access to all Newport Harbor waterways and beyond for boaters, paddleboarding or kayakers and is just steps or a bike ride away from everything the famed Balboa Peninsula has to offer; the beach for some of the best surf around, beautiful parks, art galleries, upscale boutiques, fine dining and night life, while providing exclusive privacy and tranquility of a quaint residential community living experience. The RARE CORNER LOT leverages E/W exposure into both units, while an adjoining tropical garden extends a greater sense of privacy and space. BOTH UNITS FEATURE 3 BRs, 2 BAs, sweeping bay views overlooking the Rivo Alto canal, alfresco dining, natural gas BBQ grill, sunning/lounging/entertainment areas, fire pit, spacious rooms with casual and comfortable furnishings, well-appointed kitchen, HVAC system, natural gas fireplace in living room & each a private 1 car garage. LOWER UNIT-Sleeps 8- Approx. 1,291 sq.ft., lg. teak-like patio deck leading to private dock. UPPER UNIT-Sleeps 8- Approx. 1,509 sq.ft., lg. cantilevered deck. Occupy 1 unit (full or part-time) and rent the other, or rent both. This amazing owner-operated VRBO STL business was methodically designed and built by the sellers with two goals in mind: 1)to run a lucrative, efficient, streamlined business that would consistently deliver the finest available in STL, 2)to be rated as a top vacation rental in Newport Beach; they have achieved both. Neighborhood utilities were recently undergrounded. This meticulously curated and attractive business investment comes with all furnishings, including operational/replacement items on hand, recreational bay/beach toys, and impressive number of 2023 bookings. Read all reviews on VRBO. This unique TURNKEY investment strategy awaits just one fortunate investor; will you be the one?
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Ensuite Laundry WasherHookup, GasDryerHookup, InGarage
Interior
Laundry Location WasherHookup,GasDryerHookup,InGarage
Heating ForcedAir
Cooling CentralAir
Fireplaces Type LivingRoom
Fireplace Yes
Appliance Dryer, Washer
Laundry WasherHookup, GasDryerHookup, InGarage
Exterior
Exterior Feature Barbecue, Dock, Lighting, RainGutters
Garage DoorMulti, Garage, GarageDoorOpener
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Curbs, StormDrains, StreetLights, Sidewalks, WaterSports, Park
Waterfront Description BeachAccess,BayFront,CanalFront,DockAccess,OceanAccess,OceanSideOfHighway,Seawall
View Y/N Yes
View Bay, Canal, CityLights, Panoramic
Parking Type DoorMulti, Garage, GarageDoorOpener
Total Parking Spaces 2
Private Pool No
Building
Lot Description Item01UnitAcre, CornerLot, NearPark
Story 2
Entry Level Two
Sewer PublicSewer
Water Public
Architectural Style CapeCod
Level or Stories Two
New Construction No
Construction Status AdditionsAlterations,UpdatedRemodeled,Turnkey
Others
Senior Community No
Tax ID 42330201
Security Features CarbonMonoxideDetectors,SmokeDetectors
Acceptable Financing Cash, CashtoNewLoan, Item1031Exchange
Listing Terms Cash, CashtoNewLoan, Item1031Exchange
Financing CashtoNewLoan
Special Listing Condition Standard
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Bought with Sandra Luesse • The Agency