4017 Channel Place, Newport Beach, 92663

Residential - Duplex For Sale in Newport Island (NEWI)

$2,550,000

5Beds
4Baths
2,861Sqft
.06Acres
2Garages
1964Built
11DOM
MLS® #: OC20062365
Active Under Contract, 11 Days on Market

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 !

Essential Information

MLS® #: OC20062365
Price: $2,550,000
Bedrooms: 5
Bathrooms: 4.00
Full Baths: 4
Square Footage: 2,861
Acres: 0.06
Year Built: 1964
Type: Residential
Sub-Type: Duplex
Style: Mid Century Modern, Traditional
Status: Active Under Contract

Community Information

Address: 4017 Channel Place
Area: West Newport - Lido (N8)
Subdivision: Newport Island (NEWI)
City: Newport Beach
County: Orange
State: CA
Zip Code: 92663

Amenities

Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Telephone - On Property, Sewer Connected, Water Connected
Parking Spaces: 2
Parking: Garage, Garage - Front Entry, Garage - Two Door, Permit/Decal, Public, Unassigned
# of Garages: 2
View: Canal View, Harbor View, Ocean View, Peek-A-Boo View
Is Waterfront: Yes
Waterfront: Lot has Ocean Access, Channel/Canal Front, Lot on Navigable Water, Lot on/near Seawall
Pool: None

Interior

Interior Features: In-Law Floorplan, Balcony, Beamed Ceilings, High Ceilings (9 Feet+), Living Room Balcony, Living Room Deck Attached, Open Floor Plan, Storage Space, Unfurnished, Wet Bar, Drywall Walls
Appliances: Gas & Electric Dryer Hookup, Convection Oven, Dishwasher, Free Standing Range, Garbage Disposal, Gas & Electric Range, Gas Water Heater, Range/Stove Hood, Vented Exhaust Fan, Water Heater Unit
Heating: Forced Air, Fireplace
Cooling: None
Fireplace: Yes
Fireplaces: Family Room, Gas, Wood, Masonry
# of Stories: 2
Stories: Two

Exterior

Exterior: Brick, Drywall Walls, Stucco, Shake Siding
Exterior Features: Boat Slip, Dock Private, Boat Slipway
Lot Description: 0-1 Unit/Acre, Cul-De-Sac, Lot Shape-Irregular, Sprinkler System, Value In Land
Roof: Asphalt, Shingle
Construction: Brick, Drywall Walls, Stucco, Shake Siding
Foundation: Concrete Slab

School Information

District: Newport Mesa Unified
High: NEWHAR

Additional Information

Date Listed: February 26th, 2020
Days on Market: 11
HOA Fees: 0.00

Listing Details

Listing Agent: Dale Austin(01947031)
Listing Office: Compass

Financials

$/SqFt: $891

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.

Listing information last updated on April 4th, 2020 at 7:45pm PDT.

Based on information from California Regional Multiple Listing Service, Inc. as of April 4th, 2020 at 7:46pm PDT. 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.