4010 River Avenue, Newport Beach, CA, 92663

  • $7,125,000
  • $7,125,000
4010 River Avenue , Newport Beach, CA 92663
Active For Sale
4010 River Avenue , Newport Beach, CA 92663
  • $7,125,000
  • $7,125,000

Description

THIS FIRST-CLASS LUXURY WATERFRONT VACATION RENTAL GETAWAY IS UNRIVALED AMONGST ITS SHORT-TERM RENTAL COMPETITORS, COMPLETE WITH PRIVATE OVERSIZED DOCK AND A PROVEN EXTRAORDINARILY STEADY FLOW OF YEAR-ROUND INCOME AND NOTHING BUT FIVE-STAR RATINGS FROM GUESTS; TRULY AN INVESTOR’S DREAM! Reissue of 2- COVETED SHORT TERM LODGING PERMITS (STLP) and 1- adjacent MOORING PERMIT transfer are part of this rare offering. The property recently underwent a major renovation throughout, melding today’s modern luxuries with a balance of elegance and casual coastal living accommodations that meet demanding expectations of even the most discerning guests. A convenient locale allows easy access to the open harbor for boaters, paddleboarders or kayakers and is just steps or a bike ride away from everything the famed Balboa Peninsula has to offer; the beach for some of the best surf around, beautiful parks, art galleries, upscale boutiques, fine dining and night life, while providing exclusive privacy and tranquility of a quaint residential community living experience. The RARE CORNER LOT leverages E/W exposure into both units, while an adjoining tropical garden extends a greater sense of privacy and space. EACH UNIT FEATURES 3 BRs, 2 BAs, sweeping bay views overlooking the Rivo Alto canal, alfresco dining, natural gas BBQ grill, sunning/lounging/entertainment areas, natural gas firepit, spacious rms. with tasteful and comfortable furnishings, kitchen equipped for a chef, 1 car garage, HVAC system, natural gas fireplace in living room. LOWER UNIT-Sleeps 8- Approx. 1,291 sq.ft., lg. teak-like patio deck leading to private dock. UPPER UNIT-Sleeps 8- Approx. 1,509 sq.ft., lg. cantilevered deck. Occupy 1 unit (full or part-time) and rent the other, or rent both. This amazing owner-operated VRBO STL business was methodically designed and built by the sellers with two goals in mind: 1)to run a successful, efficient, streamlined business that would consistently deliver the finest available in STL, 2) to exceed the average cap rate of their competitors; they achieved both. Neighborhood utilities were recently undergrounded. This meticulously curated and lucrative business investment comes with all furnishings, including operational/replacement items on hand, recreational bay/beach toys, lists of previous guests (many repeats) and bookings for 2023. Read 100s of reviews on VRBO. This unique TURNKEY investment strategy awaits just one fortunate investor; will you be the one?

  • Address 4010 River Avenue
  • City Newport Beach
  • State/county CA
  • Zip/Postal Code 92663

Details

Updated on January 27, 2023 at 2:30 pm
  • Property ID: NP21195146
  • Price: $7,125,000
  • Land Area: 0.0697 Acres
  • Year Built: 1948
  • Property Type: Duplex
  • Property Status: Active

Additional details

  • PropertySubType: Duplex
  • Exterior Features: Barbecue Private,Dock Private,Lighting,Rain Gutters
  • Fireplace Features: Living Room
  • Pool Features: None
  • Water frontFeatures: Bay Front,Beach Access,Canal Front,Includes Dock,Ocean Access,Ocean Side Of Highway 1,Seawall
  • Style: Cape Cod
  • Heating: Forced Air
  • Cooling: Central Air
  • Parking: Garage - Two Door,Garage Door Opener
  • Days On Market: 223
  • Garage Spaces: 2.00
  • LotSize SquareFeet: 3036.00
  • Lot Features: 0-1 Unit/Acre,Corner Lot,Park Nearby
  • Community Features: Biking,Curbs,Park,Watersports,Sidewalks,Storm Drains,Street Lights
  • Sewer: Public Sewer
  • AssociationFee: 0.00

Features

Listed by

Arbor Real Estate
Agent Name : Marie Little
Agent State License : 01506191

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