PRICE $2,375,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 2,250 sqft
LOT SIZE 3,050 sqft

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


ADDITIONAL DETAILS
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
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Listed with Pacific Sotheby's International Realty

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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

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