507 E Bay Avenue

  • Newport Beach

  • $1,825,000

Residential Income Details

Built in 2012 this mini Mediterranean Villa with 650 sq. ft of roof top deck encompassing city lights and ocean views is ready for the most discerning buyer. Two units with superior quality finishes, extensive travertine tile work throughout, gorgeous custom cabinetry, rich granite counter tops, exquisite craftsmanship makes this a must see !!! Front unit is 2 bedroom 2 1/2 bath. Master Suite includes a private balcony which leads to the roof top deck. Master Bath with double sink vanities. Back unit with the same quality finishes has 1 bedroom, 1 bath with a massive 160 sq. ft balcony for entertaining or just taking in the ocean breeze. Fireplace, laundry, security system, pre-wired surround sound, 4 car attached garage parking (2 for the front unit, 2 for the rear unit). Garage parking leads directly into individual units. Award winning school district, popular destination for shopping and entertainment, minutes to Newport Center and Fashion Island. Identical unit next door, reverse floor plan is also for Sale each parcel is being offered at $1.825K Each parcel can easily be converted to Condominiums or Vacation Rental to increase income potential by submitting application/fees to the city of Newport Beach. VERY LOW VACANCY factor !!!!!!!! Buyer to verify all information with the city for its intended or desired use.
MLS #OC17162953
Number of Units2
Sale TypeStandard
Listing BrokerageHomeSmart, Evergreen Realty
Listing AgentBetty Gulezyan
Listing Agent BRE #00941578
HeatingCentral Furnace
FireplaceLiving Room
ParkingDirect Garage Access
Garage Spaces4
ViewCity Lights,Coastline
AreaNP - Balboa Peninsula
TractBalboa Peninsula (Residential) (BALP)
Address507 E Bay Avenue
CityNewport Beach


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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, July 31, 2017. 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.