$1,549,900
0.05 acres
33.6035 -117.902

417 E Bay Avenue Newport Beach, CA 92661

$1,549,900
Est. Monthly $7,881 recalculate
0.05 acres
 

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Irvine, CA 92614
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417 E Bay Avenue
Newport Beach, CA 92661

Explore This Property

Multi-Family (2-4 Units) - **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.
MLS # OC17137383
Courtesy Of CLJ Realty Group

Property Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Lot Size: 0.05 Acres
  • Roof Type: Unknown

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $7,881Your estimated monthly payment
    $309,98020% Down Payment
    $1,549,900 $1,394,910
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    NEWPORT ELEMENTARY SCHOOL
    Grades PRESCHOOL-6 | Public School

    NEWPORT BEACH, CA 92661
    1327 W BALBOA BLVD
    949-515-6965
    0.9
    miles

    Total Students 500
    Student Teacher Ratio 20:1

    School Rating

    4 stars View School Details
    Middle School
    HORACE ENSIGN INTERMEDIATE SCHOOL
    Grades 7-8 | Public School

    NEWPORT BEACH, CA 92663
    2000 CLIFF DR
    949-515-6910
    1.4
    miles

    Total Students 1200
    Student Teacher Ratio 30:1

    School Rating

    4 stars View School Details
    High School
    NEWPORT HARBOR HIGH SCHOOL
    Grades 9-12 | Public School

    NEWPORT BEACH, CA 92663
    600 IRVINE AVE
    949-515-6300
    1.5
    miles

    Total Students 2380
    Student Teacher Ratio 20:1

    School Rating

    4 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Newport Heights Elementary School 1.1 mi Public K-6
    Harbor View Elementary School 1.8 mi Public PRESCHOOL-6
    Mariners Elementary School 1.9 mi Public K-6
    Harper 2.1 mi Public PRESCHOOL-PRESCHOOL
    Our Lady Queen Of Angels 2.4 mi Catholic K-8
    Abraham Lincoln Elementary School 2.5 mi Public K-6
    Woodland Elementary School 2.6 mi Public K-2
    Pacifica Christian High School-orange County 2.6 mi Private 9-10
    Corona Del Mar High School 2.6 mi Public 7-12
    Harbor Day School 2.6 mi Private K-8
    Carden Hall, Inc School 2.7 mi Private PRESCHOOL-8
    St. Joachim 2.8 mi Catholic PRESCHOOL-8
    Heinz Kaiser Elementary School 2.9 mi Public 3-6
    Roy O. Andersen Elementary School 2.9 mi Public K-6
    Eastbluff Elementary School 3.0 mi Public K-6
    Newport Christian School 3.1 mi Private PRESCHOOL-6
    Whittier Elementary School 3.3 mi Public K-6

    Local Area Information for Newport Beach, CA 92661

    Median Age: 43.5
    Married: 40.5%
    Number of Households: 2,079
    Households with Children: 188
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.