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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$8,800,000

Est. payment - /mo

7 Beds

5 Baths

2,810 Sqft Lot

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UPDATED:

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

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Listed by Chris Brigandi, DRE#00982965 Arbor Real Estate

Nearby School & Business

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

439 Via Lido Soud Newport Beach, CA 92663

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

GET MORE INFORMATION