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$3,380,000

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6 BD

3 BA

2,178 Sqft Lot

Contingent

109 E Balboa Boulevard Newport Beach, CA 92661

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Richard Combs

[email protected] +1(619) 838-9307

UPDATED:

10/10/2024 11:42 PM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID NP24177675

Bedrooms 6

HOA Y/N No

Lot Size 2,178 Sqft

Property Description

Situated just one house from the boardwalk and mere blocks from the lively Balboa Village and Fun Zone, this three-story triplex offers prime coastal living and an exceptional investment opportunity. Priced at $1,200 per square footwell below the average for comparable properties on the Balboa Peninsulathis property presents significant value. With all tenants on month-to-month leases, its a great redevelopment opportunity or a chance to collect steady rental income and benefit from future appreciation. Designed and built by renowned architect Svend Nielsen, the property exudes unique charm and thoughtful design. Each of the three units includes 2 bedrooms, 1 bathroom, and in-unit laundry for convenience. The second and third-floor units enjoy peek-a-boo ocean views, while all units offer private outdoor spaces, including balconies. Additional amenities include a two-car carport for the second- and third-floor units, a ground-floor private shower room, and recent upgrades such as a roof replacement in 2023, a Tesla solar system, and smart home features, including automated blinds, thermostats, and a security systemall controllable remotely. The property is professionally managed, generating stable income with the potential for future rent growth. Dont miss this rare opportunity to invest in a prime coastal location with endless possibilities.
Situated just one house from the boardwalk and mere blocks from the lively Balboa Village and Fun Zone, this three-story triplex offers prime coastal living and an exceptional investment opportunity. Priced at $1,200 per square footwell below the average for comparable properties on the Balboa Peninsulathis property presents significant value. With all tenants on month-to-month leases, its a great redevelopment opportunity or a chance to collect steady rental income and benefit from future appreciation. Designed and built by renowned architect Svend Nielsen, the property exudes unique charm and thoughtful design. Each of the three units includes 2 bedrooms, 1 bathroom, and in-unit laundry for convenience. The second and third-floor units enjoy peek-a-boo ocean views, while all units offer private outdoor spaces, including balconies. Additional amenities include a two-car carport for the second- and third-floor units, a ground-floor private shower room, and recent upgrades such as a roof replacement in 2023, a Tesla solar system, and smart home features, including automated blinds, thermostats, and a security systemall controllable remotely. The property is professionally managed, generating stable income with the potential for future rent growth. Dont miss this rare opportunity to invest in a prime coastal location with endless possibilities.

Location

State CA

County Orange

Area Oc - Newport Beach (92661)

Zoning See Remark

Interior

Appliance Fireplace

Building

Lot Description Sidewalks

Story 3

Lot Size Range 1-3999 SF

Level or Stories 3 Story

Others

Monthly Total Fees $115

Acceptable Financing Cash

Space Rent $3,500

Listing Terms Cash

Listed by Greg Blake • Coldwell Banker Realty

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

Richard Combs

109 E Balboa Boulevard Newport Beach, CA 92661

Richard Combs

Key Details

Location

Interior

Building

Others

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109 E Balboa Boulevard