1248 W Balboa Boulevard, Newport Beach, CA 92661

$3,190,000
Sold Price
$3,190,000
List Price
$3,200,000
Closing Date
Aug 31, 2017
Status
CLOSED
MLS#
NP17156068
Year Built
1948
Lot Size
6,233
Lot Location
6-10 Units/Acre, Corner Lot, Lot 6500-9999, Utilities - Overhead
Days on Market
49
Property Type
Multifamily
Stories
Two Level
Neighborhood
Balboa Peninsula (Residential) (Balp)

Property Description

Prime investment income property situated on a rare double-sized corner location in the heart of Balboa Peninsula. Eight units - six ground level 1 bedroom, 1 bathroom - beach bungalow style units divided by a charming common courtyard. Upstairs there is a spacious 1 bedroom, 1 bathroom unit with ocean and bay views along with a studio apartment. Six carports in the rear alley along with extra storage. Conveniently located one block from the ocean and the bay at the corner of 13th Street and W. Balboa Boulevard. Walking distance to the new Marina Park, Newport Pier, Balboa Pier, Fun Zone and all the shopping and dining the Peninsula has to offer. This is an excellent opportunity for an investor, developer or build your own dream beach home!

Additional Information

Tract Number
234
Lot Description
Carbon Monoxide Detector(s), Smoke Detector, Curbs, Sidewalks, Street Lighting
Pool Description
None
Cooling Description
None
View
Bay, Ocean, Peek-A-Boo
Roof
Flat
Sewer
Sewer Paid
Water
Public
Attached Structure
Attached

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Amy Baumgartner from Villa Real Estate

Listing courtesy of Amy Baumgartner from Villa Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.