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$7,500,000
379 Days Online

4010 River Avenue
Newport Beach, CA 92663

For Sale|Multi-Family|Active
County:
Orange
Listed by Marie Little of Arbor Real Estate
Call Now: 949.375.4430
Is this the home for you? We can help make it yours.
949.375.4430
4010 River Avenue4010 River Avenue4010 River Avenue4010 River Avenue
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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?

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Listing Snapshot
Price 
$7,500,000
Days Online 
379 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,800 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.0697 Acres
Year Built 
1948
MLS Number 
NP21195146
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS
a year agoListing first seen online
General Features
Style 
Cape Cod
Parking 
Door MultiGarageGarage Door Opener
Parking Spaces 
2
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.0697
Water 
Public
Security 
Carbon Monoxide DetectorsSmoke Detectors
Property Sub Type 
Duplex
Garage Spaces 
2
Listing Conditions 
Standard
Property Condition 
Additions AlterationsUpdated RemodeledTurnkey
Interior Features
Cooling 
Central Air
Heating 
Forced Air
Appliances 
DryerWasher
Fireplace Features 
Living Room
Laundry Features 
Washer HookupGas Dryer HookupIn Garage
Fireplace 
Yes
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Exterior Features
View 
BayCanalCity LightsPanoramic
Pool Features 
None
Waterfront Features 
Beach AccessBay FrontCanal FrontDock AccessOcean AccessOcean Side Of HighwaySeawall
Exterior 
BarbecueDockLightingRain Gutters
Lot 
Item01 Unit AcreCorner LotNear Park
Community Features
Association Dues 
0
Community Features 
BikingCurbsStorm DrainsStreet LightsSidewalksWater SportsPark
Senior Community 
No
MLS Area 
N8 - West Newport - Lido
Security Features 
Carbon Monoxide DetectorsSmoke Detectors


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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