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$ 8,800,000
Est. payment | /mo
7 Beds
5 Baths
2,810 Sqft Lot
$ 8,800,000
Est. payment | /mo
7 Beds
5 Baths
2,810 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Lido Island (Lido)
MLS Listing ID NP26124983
Bedrooms 7
Lot Size 2,810 Sqft
Property Sub-Type Res Income 2-4 Units
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
Location
State CA
County Orange
Zoning Assessor
Direction From Via Lido go right on Via Lido Soud
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 42317201
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Chris Brigandi, DRE#00982965 Arbor Real Estate
Nearby Locations
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10085 Carroll Canyon Rd Suite 100, San Diego, California, 92131, USA