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Sold for $3,300,000
    • Listed by: Re/Max One • Zach Bateman • Contact: 714-909-8479
    Bought with: Clayton Wellbank, Broker
    $3,300,000

    1103 W Bay Ave, Newport Beach, CA 92661

    5beds
    2,596sqft
    Duplex
    Built in 1959
    2,700 Square Feet Lot
    $4,067,000 Zestimate®
    $1,271/sqft
    $7,435 Estimated rent

    Home value

    $4,067,000

    $3.66M - $4.56M

    $7,435/mo

    Zestimate® history
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    What's special

    Bay viewsIndoor staircaseClose to restaurantsPrivate patioCovered carportEndless recreation
    Seller Financing Available--Step into this duplex in Newport Beach and discover a world of untapped potential waiting for you! This vintage charming duplex is ideally situated in a prime location, just steps away from the beach and the picturesque Newport Bay. Boasting bay views, this residence offers a truly wonderful experience. Upstairs unit - 3 bedrooms/2 full bathrooms. Balcony, private patio, & a loft/office space. Downstairs unit - 2 bedrooms and 1 full bath with private patio. This Duplex offers a 2 car spacious garage with an additional covered carport, allowing 3 car parking. This unique structure / floor plan has an elevator + an indoor staircase leading to both levels & attached garage. Sitting on a 2.7k sqft bigger lot allows a lucrative opportunity to go multiple avenues. Live in one unit & rent out the other to offset your mortgage. Utilize the elevator / indoor staircase to use this property more like an SFR using both units for yourself. Rent out both units at current market rents. Or you can build a new construction duplex with 2 units R2 (or a SFR w/ JADU - do your buyer due diligence through the city on what you can build) - Front unit would boast bay views and the back unit may have potential ocean views off the rooftop deck. This highly sought-after location offers a lifestyle that blends coastal charm, endless recreation, savvy investment and breathtaking views all in one. All while being very close to restaurants, boutiques, shopping & much more!

    Zillow last checked:

    Listing updated:

    Listed by:

    Zach Bateman DRE #02053091 714-909-8479,

    Re/Max One,

    Richard Caceres DRE #02093508,

    RE/MAX One

    Bought with:

    Clayton Wellbank, DRE #01791539

    Clayton Wellbank, Broker

    Source: CRMLS,MLS#: NP23115865MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 3
    • Main level bedrooms: 5
    Rooms
    • Room types: Family Room, Kitchen, Laundry, Primary Bedroom, Dining Room
    Primary bedroom
    • Features: Multiple Primary Suites
    Bathroom
    • Features: Tub Shower
    Cooling
    • None
    Appliances
    • Laundry: Common Area, Inside, Laundry Room
    Features
    • Separate/Formal Dining Room, Multiple Primary Suites
    • Flooring: Wood
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 2,596 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Carport, Garage
    • Attached garage spaces: 2
    • Carport spaces: 1
    • Covered spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: front door or garage
    • Patio & porch: Front Porch, Patio
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Bay
    • Has water view: Yes
    • Water view: Bay
    • Waterfront features: Across the Road from Lake/Ocean, Beach Access, Ocean Access
    Lot
    • Size: 2,700 Square Feet
    • Features: Walkstreet
    Details
    • Parcel number: 04726311
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Duplex
    Materials
    • Foundation: Slab
    Condition
    • Repairs Cosmetic
    • New construction: No
    • Year built: 1959

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Water Available

    Community & HOA

    Community
    • Features: Sidewalks
    • Subdivision: Balboa Peninsula (Residential) (Balp)
    Location
    • Region: Newport Beach

    Financial & listing details

    • Price per square foot: $1,271/sqft
    • Tax assessed value: $3,366,000
    • Annual tax amount: $35,830
    • Date on market: 7/3/2023
    • Cumulative days on market: 174 days
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange,FHA 203(k),FHA,Owner Will Carry,Owner May Carry,VA Loan

    Price history

    DateEventPrice
    2/14/2024Sold$3,300,000-6.4%$1,271/sqft
    Source: CRMLS #NP23115865 Report a problem
    2/6/2024Pending sale$3,525,000$1,358/sqft
    Source: CRMLS #NP23115865 Report a problem
    12/26/2023Contingent$3,525,000$1,358/sqft
    Source: CRMLS #NP23115865 Report a problem
    12/13/2023Price change$3,525,000-2.8%$1,358/sqft
    Source: CRMLS #NP23115865 Report a problem
    8/5/2023Price change$3,625,000-4.5%$1,396/sqft
    Source: CRMLS #NP23115865 Report a problem
    7/4/2023Listed for sale$3,795,000+324%$1,462/sqft
    Source: CRMLS #NP23115865 Report a problem
    11/7/2002Sold$895,000$345/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$35,830 +152.3%$3,366,000 +164.9%
    2024$14,203 +4.5%$1,270,838 +2%
    2023$13,589 +1.7%$1,245,920 +2%
    2022$13,360 +1.9%$1,221,491 +2%
    2021$13,106 +1%$1,197,541 +1%
    2020$12,980 $1,185,262 +2%
    2019$12,980 +2.1%$1,162,022 +2%
    2018$12,717 +3.8%$1,139,238 +2%
    2017$12,248 $1,116,900 +2%
    2016$12,248 +2.3%$1,095,000 +1.5%
    2015$11,976 +3.4%$1,078,553 +2%
    2014$11,583 $1,057,426 +0.5%
    2013-- $1,052,647 +2%
    2012-- $1,032,007 +2%
    2011-- $1,011,772 +0.8%
    2010-- $1,004,211 -0.2%
    2009-- $1,006,598 +2%
    2008-- $986,861 +2%
    2007-- $967,511 +2%
    2006-- $948,541 +2%
    2005-- $929,943 +2%
    2004-- $911,709 +1.9%
    2003-- $895,000 +440.6%
    2002-- $165,569 +32%
    2001$1,403 +2.5%$125,466 +2%
    2000$1,368 $123,006
    Find assessor info on the county website

    Neighborhood: 92661

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    Estimated market value
    $4,067,000
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,067,000

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