Price $1,499,000
Status Active
Beds 3
Baths 2 Baths
Home size 1,200 sqft
Lot Size 1,172 sqft
Days on Market 219
ATTENTION INVESTORS, HERE'S A RARE OPPORTUNITY! This property produces Massive Rental Income; renters are already booked for the entire year, and new owner will inherit them all. Just one block from the beach, mere steps from the classic Village Inn, and a quick stroll to the countless shops, services, bars and restaurants along Marine Avenue, this charming coastal cottage is the most attainably priced home for sale on Balboa Island in Newport Beach. And that’s just for starters. Capturing the allure of 1940s Balboa Island living on the outside while offering updated interior spaces, the cozy duplex has tremendous income potential. Enjoy as is with a 2-bedroom, 1-bath upper-level unit and a 1-bedroom main-floor studio, or combine both into one extraordinary residence. A desirable half lot of approximately 1,200 square feet measures 39 x 30 feet, including one parking space and no common walls. Appliances, a fireplace, wood floors and a breakfast bar enhance living spaces, and the duplex’s location allows for quick and easy access on and off the island. Served by the award-winning Newport Mesa Unified School District, the one-of-a-kind residence is sure to sell fast, just in time for Balboa Island’s beautiful spring and summer seasons.
Property Type(s): Single Family
Last Updated 8/4/2019 Tract Balboa Island - Main Island (BALM)
Year Built 1948 Community N9 - Lower Newport Bay - Balboa Island
Garage Spaces 1.0 County Orange

SCHOOLS

School District Newport Mesa Unified

Price History

Prior to Apr 2, '19 $1,649,000
Apr 2, '19 - Aug 4, '19 $1,599,000
Aug 4, '19 - Today $1,499,000

Additional Details

AIR None
AREA N9 - Lower Newport Bay - Balboa Island
GARAGE Yes
HEAT Forced Air
HOA DUES 0.00
INTERIOR Bar, Partially Furnished
LOT 1172 sq ft
LOT DESCRIPTION Front Yard
PARKING Spaces: 1.00
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
SUBDIVISION Balboa Island - Main Island (BALM)
VIEW Yes
VIEW DESCRIPTION City Lights
WATER Public

Location

 

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Listing provided by : Andy Stavros CalDRE: 01408840, DOUGLAS ELLIMAN OF CALIFORNIA, INC.

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Based on information from California Regional Multiple Listing Service, Inc. as of 9/20/19 10:57 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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