439 Via Lido Soud, Newport Beach, CA 92663
- $8,800,000
- 7
- BD
- 5
- BA
- 3,378
- SqFt
- List Price
- $8,800,000
- Status
- ACTIVE
- MLS#
- NP26144262
- Year Built
- 1953
- Bedrooms
- 7
- Bathrooms
- 5
- Living Sq. Ft
- 3,378
- Lot Size
- 2,810
- Acres
- 0.06
- Lot Location
- Street Level
- Days on Market
- 24
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- Two Levels
- Neighborhood
- Lido Island (Lido)
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.
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Additional Information
- HOA
- 1800
- Frequency
- Annually
- Association Amenities
- Clubhouse, Pickleball, Security, Tennis Court(s)
- Pool Description
- None
- Fireplace Description
- Family Room
- Cooling Description
- None
- View
- Bay, Water
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- School District
- Newport Mesa Unified
- Interior Features
- Bedroom on Main Level, Main Level Primary
- Attached Structure
- Attached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Chris Brigandi (cbrigandi@arborrealestate.com) from Listing Office: Arbor Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.