A unique opportunity to acquire a Residential Duplex on Balboa Boulevard in Newport Beach, CA. The Residential Duplex consists of a one unit that is comprised of a 3 bedroom / 2 bathroom and another unit that is a 2 bedroom /1 bathroom. Both units are currently on MTM Leases at below market rent, which allows an investor the opportunity to bring the units to market rent. In addition, the duplex currently zoned for R-2, which allows for short term lodging (less than 30 consecutive days) with a city permit.The subject property is located in Newport Beach, CA, specifically in the affluent neighborhood of Balboa Peninsula. The duplex is ideally located on Balboa Boulevard near 11th street, which is a couple blocks from the beach and the bay. commonly known as the Balboa Peninsula of Newport Beach, CA. The property is within walking distance to Newport Pier, Marina Park, Newport Elementary School, the Balboa Fun Zone and numerous restaurants and shops. The duplex is within a few miles of Hoag Hospital, which regionally and nationally ranked by U.S. News & World Report.
DAYS ON MARKET
|
181
|
LAST UPDATED
|
5/2/2023
|
TRACT
|
Balboa Peninsula (Residential) (BALP)
|
YEAR BUILT
|
1955
|
COMMUNITY
|
Balboa Peninsula
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Orange
|
STATUS
|
Sold
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
AREA |
Balboa Peninsula |
GARAGE |
Yes |
LOT |
3049 sq ft |
LOT DESCRIPTION |
Rectangular Lot |
POOL DESCRIPTION |
None |
SEWER |
Public Sewer |
STORIES |
1 |
SUBDIVISION |
Balboa Peninsula (Residential) (BALP) |
WATER |
Public |
WATERFRONT |
Yes |
WATERFRONT DESCRIPTION |
Across the Road from Lake/Ocean,Ocean Side Of Highway |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Michael
Stark to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Pacific Sotheby's International Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/28/24 10:36 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
This IDX solution is (c) Diverse Solutions 2024.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts