For Sale

4010 River Avenue

Newport Beach, CA 92663
Courtesy of Arbor Real Estate
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THIS RARE WATERFRONT GEM is one of the top luxury short-term vacation rental getaways in all of Newport Beach. The exceptional offering is completely turnkey and ready for a new owner to step right into an instant flow of year-round income. PRIVATE OVER-SIZED DOCK, Reissue of 2- COVETED SHORT TERM LODGING PERMITS (STLP) and 1- adjacent MOORING PERMIT transfer are included. The property is WELL-MAINTAINED, FULLY FURNISHED and upgraded 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 all Newport Harbor waterways and beyond for boaters, paddleboarding 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. BOTH UNITS FEATURE 3 BRs, 2 BAs, sweeping bay views overlooking the Rivo Alto canal, alfresco dining, natural gas BBQ grill, sunning/lounging/entertainment areas, fire pit, spacious rooms with casual and comfortable furnishings, well-appointed kitchen, HVAC system, natural gas fireplace in living room & each a private 1 car garage. 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 lucrative, efficient, streamlined business that would consistently deliver the finest available in STL, 2)to be rated as a top vacation rental in Newport Beach; they have achieved both. Neighborhood utilities were recently undergrounded. This meticulously curated and attractive business investment comes with all furnishings, including operational/replacement items on hand, recreational bay/beach toys, list of prior guests (many repeats) and impressive number of 2023 bookings. Read all reviews on VRBO. This unique TURNKEY investment strategy awaits just one fortunate investor; will you be the one?
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  • Property Details
    • Property
      • View:Bay, Canal, CityLights, Panoramic
      • Stories:2
      • Lot description:Item01UnitAcre, CornerLot, NearPark
      • Exterior materials:Barbecue, Dock, Lighting, RainGutters
    • Measurements
      • Acres:0.0697
    • Parking
      • Garage spaces:2
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1948
  • Utilities / Energy Details
    • Utility
      • Sewer information:PublicSewer
      • Utility source:Public
  • Community and Neighborhood Details
    • Location
      • County:Orange
  • Financial Details
    • Pricing Details
      • Original List Price:$6, 595, 000
  • Other
    • Source
      • MLS #:NP21195146


Gary ElminoufiReal Estate Group
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