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Listed by Chris Brigandi, DRE #00982965 • Arbor Real Estate
$ 8,800,000
Est. payment | /mo
2,810 Sqft Lot
$ 8,800,000
Est. payment | /mo
2,810 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNP26124983
Year Built 1953
Lot Size 2,810 Sqft
Property Sub-Type Triplex
Source California Regional MLS
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 opport
Location
State CA
County Orange
Area N8 - West Newport - Lido
Interior
Cooling None
Laundry Other
Exterior
Garage Spaces 3.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 42317201
Special Listing Condition Not Applicable
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