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$8,800,000

Est. payment - /mo

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7 Beds

5 Baths

3,378 SqFt

New

439 Via Lido Soud Newport Beach, CA 92663

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Mason Frakes

mason@masonfrakesrealestategroup.com +1(805) 260-4860

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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

Subdivision Lido Island (Lido)

MLS Listing ID NP26144262

Bedrooms 7

Full Baths 1

Three Quarter Bath 4

HOA Fees $1,800/ann

HOA Y/N Yes

Year Built 1953

Lot Size 2,809 Sqft

Property Sub-Type Triplex

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 opportunities for owner use. Residents enjoy Lido Isle's premier amenities including private beaches, tennis courts, a clubhouse, a yacht club, parks, and playground all just moments from Lido Marina Village, world-class dining, shopping, and Newport Harbor activities. A truly unique opportunity to acquire a rare bayfront income property in one of Newport Beach's most desirable waterfront communities.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Rooms

Main Level Bedrooms 2

Interior

Interior Features Bedroom on Main Level, Main Level Primary

Cooling None

Fireplaces Type Family Room

Fireplace Yes

Laundry Inside

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Biking, Fishing, Street Lights, Water Sports

Amenities Available Clubhouse, Pickleball, Security, Tennis Court(s)

View Y/N Yes

View Bay, Water

Total Parking Spaces 3

Private Pool No

Building

Lot Description Street Level

Dwelling Type Triplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Newport Mesa Unified

Others

HOA Name Lido Isle Community Association

Senior Community No

Tax ID 42317201

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Chris Brigandi Arbor Real Estate 949-910-6005, DRE #00982965

NEARBY SCHOOL & BUSINESS

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Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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439 Via Lido Soud Newport Beach, CA 92663

Mason Frakes

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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439 Via Lido Soud