439 Via Lido Soud
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 2-bedroom, two-bath residences, one with an additional office and a studio apartment above the rear garage. The lower unit includes private laundry and a waterfront patio, while the upper unit enjoys sweeping bay views and private laundry. Recent improvements include updates to the studio kitchen and other property enhancements, while still offering the opportunity for further renovation to maximize value. 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 the property has never been operated as a short-term rental, the permits offer significant future flexibility and potential income opportunities. All three units are currently occupied on month-to-month tenancies, providing immediate rental income. 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 rare bayfront income property in one of Newport Beach's most desirable waterfront communities.
Broker Details
Arbor Real Estate Professionals (949) 235-8921
MLS ID: U12234 State License Number: 00982965
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $8,395,000 |
| No. of Units: | 3 |
| Year Built: | 1953 |
| Opportunity Zone: | No |
| Price per unit: | $2,798,333 |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 5 |
ID: 3yd-MRMLSCA-NP26124983
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