405 E Edgewater Ave, Newport Beach, CA 92661

Property Description

INVESTMENT OPPORTUNITY!
 Live the beach lifestyle! This prime Balboa Peninsula Bayfront location is situated on a corner lot with 100’ of private white sand beach, a private dock, and 4 large boat slips. 405 Edgewater Avenue presents a rare opportunity to own a property consisting of 4 units, that are perfectly positioned with dramatic views of the bay, Balboa Island and Newport Beach city lights. Sited on a double R2- 7100’ lot with over 4800’ of living space. Consisting of an upstairs master unit, open floor plan, 4/2, second-story loft/bonus room, with floor to ceiling glass and a large front patio. A beautiful 2 bedroom, 2 bath, first-floor unit with a large patio that is three feet from the sand! Attached are 2 large studio units, 3 enclosed attached garages offering parking for 5 cars and 2 outside designated parking spaces. All 4 units have unsurpassed views of the bay, 3 bayfront patios and seating area on the dock is sure to provide extensive outside entertainment and relaxation areas. The quadruplex has recently been remodeled with new hardwood flooring, granite countertops, new or updated kitchens and baths. Experience the finest of coastal living in beautiful Newport Beach with the sand at your doorstep, ocean breezes and world-class amenities just minutes away. Whether you choose to keep one unit for yourself or rent all 4, (short term rental approved) Don't miss this once in a lifetime opportunity! Perfect for 1031.