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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Chris Brigandi, DRE #00982965 • Arbor Real Estate

$ 8,800,000

Est. payment | -/mo

7 Beds

5 Baths

3,378 SqFt

Save

$ 8,800,000

Est. payment | -/mo

Save

7 Beds

5 Baths

3,378 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,378 sqft

Price per Sqft $2,605

MLS Listing ID CRNP26144262

Bedrooms 7

Full Baths 5

HOA Fees $1,800/ann

Year Built 1953

Lot Size 2,810 Sqft

Property Sub-Type Triplex

Source California Regional MLS

Property 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 opport

Location

State CA

County Orange

Area N8 - West Newport - Lido

Rooms

Family Room Other

Interior

Cooling None

Fireplaces Type Family Room

Laundry Other

Exterior

Garage Spaces 3.0

Pool None

View Bay, Water

Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 42317201

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

439 Via Lido Soud Newport Beach, CA 92663