417 Bay, Newport Beach, CA 92661

Description

Welcome to this Exceptional income producing duplex opportunity in the heart of Newport Beach. This nearly $300,000 per year revenue property features a fully transferable short-term rental license, allowing legal operation on Airbnb and VRBO a rare and highly coveted advantage. The property is consistently booked year round, offering immediate cash flow with true turnkey ease. Built in 2020 by renowned Burkhard Builders, this front and back unit configuration offers flexibility for investors, owner-users, or multi generational living. The front residence (Unit A) spans approximately 1,400 square feet and features three bedrooms and three and one half baths, while the rear residence (Unit B) offers approximately 1,200 square feet with two bedrooms and two and one half baths. Each unit is thoughtfully designed with privacy and functionality in mind. Both residences showcase designer grade finishes throughout, including Wolf appliance suites, custom cabinetry, and high end fixtures. A private ocean view rooftop balcony provides an ideal setting for entertaining and enjoying coastal sunsets. Additional highlights include a each unit with a single car attached covered garage plus one additional covered parking for each unit, a highly desirable feature in this location. Offered fully turnkey, this is a rare Newport Beach opportunity combining luxury, flexibility, and proven income performance.

Features

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• 0.05 Acres
• 2 Stories