TWO (2) ACTIVE SHORT TERM LODGING PERMITS - Welcome to 1419 W Bay Ave, Newport Beach - a rare gem in one of the most desirable coastal communities. This charming property features two (2) transferable short-term lodging permits, making it an exceptional investment opportunity. STLP's are attached to the front upper and lower units and are approved for eight (8) Guests each. In addition to the front units, there is a unit over the garage that can be used as an owners retreat or rented out on a long-term basis. Set on one of the most popular streets on the Balboa Peninsula, this property combines the benefits of an incredible residential location with the lucrative potential of short-term rentals. Enjoy the serene surroundings while being just a short distance from Newport Beach’s renowned attractions, dining, and shopping as well as Marina Park and the American Legion. With its sought-after permits and versatile living arrangements, 1419 W Bay Ave is a standout choice for those looking to capitalize on the coastal lifestyle and investment potential.
Sold for $3,400,000
Listed by: White Sail Realty • Julia Morton • Contact: 949-673-9900
Bought with: Real Estate eBroker Inc
$3,400,000
1419 W Bay Ave, Newport Beach, CA 92661
6beds
5baths
3,273sqft
Triplex
Built in 1940
-- sqft lot
$-- Zestimate®
$1,039/sqft
$7,709 Estimated rent
Home value
Not available
Estimated sales range
Not available
$7,709/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Julia Morton DRE #02016387 949-933-2906,
White Sail Realty,
Orlando Clarizio DRE #01944646 949-392-3030,
White Sail Realty
Bought with:
Norma Yacoub, DRE #01244569
Real Estate eBroker Inc
Source: CRMLS,MLS#: NP24171608
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Common Area, Laundry Room
Features
- Flooring: Carpet, Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,273
- Total interior livable area: 3,273 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Garage spaces: 3
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: front
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Harbor, Ocean, Peek-A-Boo
- Has water view: Yes
- Water view: Harbor,Ocean
Lot
- Size: 2,614 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 04722305
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,039/sqft
- Tax assessed value: $3,468,000
- Date on market: 8/22/2024
- Cumulative days on market: 3 days
- Listing terms: Cash,Cash to New Loan
- Exclusions: furniture, decor, seller's personal items
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2024 | Sold | $3,400,000-2.9%$1,039/sqft |
Source:  CRMLS #NP24171608 Report a problem | ||
| 9/11/2024 | Pending sale | $3,500,000$1,069/sqft |
Source: CRMLS #NP24171608 Report a problem | ||
| 8/27/2024 | Contingent | $3,500,000$1,069/sqft |
Source: CRMLS #NP24171608 Report a problem | ||
| 8/22/2024 | Listed for sale | $3,500,000$1,069/sqft |
Source: CRMLS #NP24171608 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $3,468,000 +2% |
| 2025 | $36,450 +1792.5% | $3,400,000 +2499.3% |
| 2024 | $1,926 +2.6% | $130,802 +2% |
| 2023 | $1,877 +2.1% | $128,238 +2% |
| 2022 | $1,839 +1.8% | $125,724 +2% |
| 2021 | $1,807 +1% | $123,259 +1% |
| 2020 | $1,789 | $121,996 +2% |
| 2019 | $1,789 +1.5% | $119,604 +2% |
| 2018 | $1,762 +3.5% | $117,259 +2% |
| 2017 | $1,703 | $114,960 +2% |
| 2016 | $1,703 +2% | $112,706 +1.5% |
| 2015 | $1,670 +3.5% | $111,014 +2% |
| 2014 | $1,613 | $108,840 +0.5% |
| 2013 | -- | $108,349 +2% |
| 2012 | -- | $106,225 +2% |
| 2011 | -- | $104,143 +0.8% |
| 2010 | -- | $103,365 -0.2% |
| 2009 | -- | $103,612 +2% |
| 2008 | -- | $101,581 +2% |
| 2007 | -- | $99,590 +2% |
| 2006 | -- | $97,638 +2% |
| 2005 | -- | $95,724 +2% |
| 2004 | -- | $93,848 +1.9% |
| 2003 | -- | $92,128 +2% |
| 2002 | -- | $90,322 +2% |
| 2001 | $1,070 +2.5% | $88,551 +2% |
| 2000 | $1,044 | $86,815 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 0.1 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 0.8 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.1 mi
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