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507 E Bay Avenue

Newport Beach, CA 92661

– beds
– baths
– sqft
2,178 sqft lot
2012 build
– on site

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Great Opportunity to live and invest steps from the beach. Live in the front & rent out the back or vise versa. Built from the ground up in 2012 this mini Mediterranean Villa with large 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 $1.799K Each Parcel can easily be converted to VACATION RENTAL to increase income potential by submitting application/fees to the city of Newport Beach. Buyer to verify all information with the city for its intended or desired use.

Listed By CRMLS_CA / Betty Gulezyan / HomeSmart, Evergreen Realty

Last checked: Checking… • Last updated Mar 24, 2025 •

MLS# OC18098766 —

The Building

Year Built:

2012
Year Built Source:

Builder
New Construction:

Yes
Building Area Total:

1800.00
Building Area Units:

Square Feet
Total Number Of Units:

2
# of Buildings:

1
Roof:

Tile
Stories Total:

3
Number With Patio:

2
Common Walls:

1 Common Wall
# of Separate Gas Meters:

2
# of Separate Water Meters:

2
# of Separate Electric Meters:

2

Interior

Features:

Balcony
Levels:

Two
Entry Location:

Ground Level With Steps
Flooring:

Stone
Room Type:

All Bedrooms Up
Fireplace:

Yes
Fireplace:

Living Room
Laundry:

Inside
Laundry:

1

Location

Directions:

Cross Streets: Palm Steet

The Property

Subtype:

Duplex
Lot Features:

2-5 Units/Acre
Lot Size SqFt:

2178.00
Lot Size Source:

Assessor
View:

1
View:

City Lights, Coastline
Security Features:

Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinklers, Smoke Detector, Wired for Alarm System
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

104
Tax Lot:

4

The Listing

Special Listing Conditions:

Standard
Parcel Number:

04811516

Heating & Cooling

Heating:

1
Heating:

Central Furnace
Cooling:

Yes
Cooling:

Central

Utilities

Utilities:

Sewer Available
Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Balboa Peninsula (Residential) (BALP)
Subdivision:

Balboa Peninsula (Residential) (BALP)
Features:

Sidewalks
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Direct Garage Access
Parking Spaces:

4.00
Garage Spaces:

4.00

Extra Units

Number With Disposal:

2
Number With Dishwasher:

2

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Sale history

Date	Event	Source	Price	% Change
8/15/18 Aug 15, 2018	Sold	CRMLS_CA	$1,685,000

Multifamily Sold on 8/15/2018

$1,685,000

Listing provided by broker:

Betty Gulezyan

HomeSmart, Evergreen Realty

Newest listings in Newport Beach, CA

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Listing Courtesy of: CRMLS_CA and HomeSmart, Evergreen Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 07:20 on Apr 04.

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.

507 E Bay Avenue

Newport Beach, CA 92661