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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 3-bedroom, 2-bath residences, and a 1-bed, 1-bath apartment above the rear garage. The lower unit includes private laundry and a waterfront patio, while the upper unit enjoys sweeping bay views, a private patio, newly remodeled kitchen and appliances and private laundry. The 1- bedroom apartment has a recently remodeled kitchen with new cabinets and appliances along with a remodeled bath. Further property enhancements still offer the opportunity for further renovation to maximize value. All three units are currently occupied on month-to-month tenancies, providing immediate rental income. 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 all 3 units are currently on month-month leases, the short permits offer significant future flexibility and potential income opportunities along with opportunities for owner use. 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.
Property Type(s):
Single Family
| Last Updated | 7/3/2026 | Tract | Lido Island (LIDO) |
|---|---|---|---|
| Year Built | 1953 | Community | N8 - West Newport - Lido |
| Garage Spaces | 3.0 | County | Orange |
Additional Details
| AIR | None |
|---|---|
| AREA | N8 - West Newport - Lido |
| FIREPLACE | Yes |
| GARAGE | Attached Garage, Yes |
| HOA DUES | 1800|Annually |
| INTERIOR | Master Downstairs |
| LOT | 2810 sq ft |
| LOT DIMENSIONS | 2810 |
| PARKING | Attached |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Lido Island (LIDO) |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay, Water |
| WATER | Public |
Location
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Listed with Arbor Real Estate
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