4010 River Avenue, Newport Beach, CA

$7,500,000

Previous Next

0.07

Acres

About 4010 River Avenue

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- 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 coveted rare corner lot leverages E/W exposure into both units, while an adjoining tropical garden extends a greater sense of peace 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 7- 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 undergrounding of utilities is now complete. 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?

Features of 4010 River Avenue

MLS® # NP21195146
Price $7,500,000
Bathrooms 0.00
Acres 0.07
Year Built 1948
Type Residential Income
Sub-Type Duplex
Style Cape Cod
Status Active

Community Information

Address 4010 River Avenue
Area N8 - West Newport - Lido
City Newport Beach
County Orange
State CA
Zip Code 92663

Amenities

Parking Spaces 2
Parking Door-Multi, Garage, Garage Door Opener
# of Garages 2
Garages Door-Multi, Garage, Garage Door Opener
View Bay, City Lights, Panoramic, Canal
Is Waterfront No
Waterfront Beach Access, Canal Front, Ocean Access, Ocean Side Of Highway, Seawall, Bay Front, Dock Access
Has Pool No
Pool None

Interior

Appliances Dryer, Washer
Heating Forced Air
Cooling Central Air
Has Basement No
Fireplace Yes
Fireplaces Living Room
# of Stories 2
Stories Two

Exterior

Exterior Features Barbecue, Dock, Lighting, Rain Gutters
Lot Description 0-1 Unit/Acre, Corner Lot, Near Park

Additional Information

Date Listed September 1st, 2021
Days on Market 111
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentMarie Little
OfficeArbor Real Estate

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?