Thank you
Larry Birnbaum
LMB Enterprises
714-655-8108
Iconic, mixed-use 2-unit building located in Newport Beach’s popular Cannery Village. This Mediterranean-style property offers one residential unit and one commercial office/retail space. Upstairs you will find an extremely large residential unit consisting of 4 bedrooms, 3 of which are en suite, and 3.5 bathrooms. THIS RESIDENTIAL UNIT HAS A SHORT-TERM LODGING PERMIT and is currently being used as a short-term rental. It is a generous 2,117 square feet and boasts peek-a-boo water views of the harbor from the living room and large front sundeck. Updated and remodeled throughout with thoughtfulness to preserve some of the original elements of the vibrant property. A perfectly placed center atrium brings an abundance of natural light into the center of the home. Vaulted ceilings, skylights, and open spaces give a sense of vastness. There is a laundry room conveniently located in the hallway. The primary bathroom has an oversized operable skylight that can be opened for natural air circulation. This residential unit has 2 dedicated garage spaces that are tandem parked. Downstairs you will find a versatile commercial office/retail space that is approximately 1,000 square feet. There is a dedicated bathroom for the commercial space and in the rear, you will find 4 car parking with easy access off the alley. It is currently leased as office space at $3,200 per month with the end of the lease term in mid-June, 2025. You cannot ask for a better location! Centrally located in the heart of the Balboa Peninsula within the charming Cannery Village. The oversized lot size of this property is slightly wider than the typical 30-foot-wide standard lot size found in this area. Most of the mixed-use properties located nearby have a live/work deed restriction that requires the same owner to occupy the residential unit as well as run the downstairs commercial business. This property does NOT have that deed restriction. This means that each unit can be occupied by a completely separate and independent party. Note: The Seller would like to do Seller-Financing for qualified Buyers on terms that are favorable and agreeable to all parties.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1058205317 | 1 | 0 | 1 | 0 |
2 | 1058205317 | 4 | 4 | 3 | 1 |
Water Source : Public
Sewer : Public Sewer
Interior Features: Cathedral Ceiling(s),All Bedrooms Up,Main Level Primary
Fireplace: Living Room,Primary Bedroom
Flooring: Carpet,Tile
None
Air Conditioning
Central
Has Heating
Fireplace Features: Living Room,Primary Bedroom
Has Fireplace: 1
Year Built: 1989
Building Area Total: 3,096
Slab
None
Inside,Laundry Room,Upper Level
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.0712
Lot Size Source: Assessor
Lot Size Square Feet: 3100
Original List Price: 3,695,000
Listing Contract Date: 2024-01-16
Listing Agreement: Exclusive Right To Sell
Parcel Number: 04703317
Garage Description: Carport,Garage,On Site,Tandem
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: N8 - West Newport - Lido
Directions: Newport Blvd to 29th Street
Source Property Type: Residential Income
Area: N8 - West Newport - Lido
Property SubType: Duplex
Property Age: 35
Common Walls: No Common Walls
Property Condition: Turnkey
Structure Type: Duplex
Year Built Source: Public Records
Entry Level: 1
Entry Location: Front door
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
601 Lido Park Drive #3A, Newport Beach, CA,92663 | $22,000 | 2 | 2 | 1,873 | -- |
2600 Newport Boulevard .., Newport Beach, CA,92663 | $2,885,000 | 4 | 2 | 2,000 | -- |
2209 Cliff Drive, Newport Beach, CA,92663 | $14,995,000 | 5 | 5 | 6,800 | 7405 Sqft |
2711 W Balboa Boulevard, Newport Beach, CA,92663 | $3,649,000 | 5 | 4 | 2,474 | 2178 Sqft |
119 Via Jucar, Newport Beach, CA,92663 | $7,295,000 | 4 | 4 | 4,793 | 4840 Sqft |
110 Via Trieste, Newport Beach, CA,92663 | $10,995,000 | 5 | 5 | 5,507 | 6160 Sqft |
5308 Seashore Drive, Newport Beach, CA,92663 | $4,975,000 | 4 | 4 | 2,570 | 3200 Sqft |
2316 Cliff Drive, Newport Beach, CA,92663 | $8,200,000 | 7 | 6 | 5,500 | 5625 Sqft |
4800 Seashore Drive, Newport Beach, CA,92663 | $5,295,000 | 6 | -- | 2,900 | 3237 Sqft |
309 Via Lido Soud, Newport Beach, CA,92663 | $39,750,000 | 4 | 4 | 8,868 | 9450 Sqft |
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ByOwner last updated this listing 05/07/2024 @ 02:22
MLS: OC24007802
LISTED BY: Larry Birnbaum, LMB Enterprises
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.