4017 Channel Place, Newport Beach, CA 92663

$2,500,000
5
BD
4
BA
2,861
SqFt
Sold Price
$2,500,000
List Price
$2,550,000
Closing Date
May 11, 2020
Status
CLOSED
MLS#
OC20062365
Year Built
1964
Bedrooms
5
Bathrooms
4
Living Sq. Ft
2,861
Lot Size
2,583
Acres
0.0593
Lot Location
0-1 Unit/Acre, Cul-De-Sac, Irregular Lot, Sprinkler System, Value In Land
Days on Market
10
Property Type
Single Family Residential
Style
Mid Century Modern, Traditional
Property Sub Type
Duplex
Stories
Two Level
Neighborhood
Newport Island (Newi)

Property Description

First Time On Market! Once in a lifetime property located on the ONLY 45 foot waterfront lot on all of Channel Place with amazing sunset and peekaboo ocean view South-Western exposure. The home is a single parcel zoned R2 lot with a 3 bed 2 bath lower unit and a 2 bed 2 bath + den upper unit. Both upper and lower units have amazing channel views, both with full open concept floor-plans and living room fireplaces. Upper unit has a dual master setup with large vaulted ceilings and a mid-century modern feel and a large full property-width deck off the living room and master. Lower unit has a large brick-layed courtyard leading out to the largest water-frontage and dock(ability) on the south-side of the island. This property is located at the far North end of Channel Place; Cul-de-sac location with parking both in the two garages and on both sides of street. Property has great bones with a ton of potential for both a multi-family living compound or amazing two unit investment with full cosmetic renovation. Property is a FIXER and is sold in as-is conditions with no promises or warranties implied or expressed; Property is sold as part of a Trust. We have had a ton of off-market interest and the owner wishes to bring it to market. Don't miss this amazing investment opportunity on the widest south-facing lot on Newport Island !

Additional Information

Tract Number
164
Lot Description
Biking, Dog Park, Fishing, Golf, Hiking, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Suburban
Kitchen Features
Formica Counters, Laminate Counters
Appliances
Convection Oven, Dishwasher, Free-Standing Range, Disposal, Gas & Electric Range, Gas Water Heater, Range Hood, Vented Exhaust Fan, Water Heater
Pool Description
None
Fireplace Description
Family Room, Gas, Wood Burning, Masonry
Heat
Forced Air, Fireplace(s)
Cooling Description
None
View
Canal, Harbor, Ocean, Peek-A-Boo
Roof
Asphalt, Shingle
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
School District
Newport Mesa Unified
High School
Newhar
Attached Structure
Detached
Number Of Units Total
2

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Dale Austin from Compass

Listing sold by Brad Hinman from Compass