Property Attributes
- MLS#PW19032550
- TypeIncome
- CountyORANGE
- CityNewport Beach
- AreaBalboa Peninsula
- NeighborhoodBalboa Peninsula
- Zip92661
- Style
- Price$ 2,588,888
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2373
- Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Frances Lee with Frances Lee Real Estate.
Property Description
Huge price reduction by motivated seller, priced to sell! Hurry this won't last. Great opportunity to own NEWLY RENOVATED FURNISHED TURNKEY conditioned TWO BEACH HOMES in A lot in the heart of the Balboa Peninsula! Completely ready to rent three units! It is a non conforming triplex. Situated just steps away from both the beach and bay. Steps away from world renown surf spot "The Point" and "Balboa Pier". The property consists of two DETACHED buildings with a spacious patio in between. Total of Three Units, possible to convert into FOUR UNITS. Front building consists of 1020 sf. one story unit with 3BR/2BA, porch, private side patio, laundry room is INSIDE of the unit. Top unit of the Rear Building has a brand new 505 sq. ROOF TOP DECK w/ beautifully FURNISHED 802 sf. 3BR/2BA and rear balcony, and bottom unit has 168 sf. 1BR/1BA but NO Kitchen, the second laundry area is inside of the garage. Each units have their own private patios for their outdoor entertainment, have fun while staying brand new cozy beach home! It offers total of 4 (FOUR) PARKING SPACES on the property, 386 sf. of 2 car garage and 2 carport spaces and plenty of the street parking spaces are available. High Income potential property as the city ALLOWS SHORT TERM RENTAL PERMIT. It is legal R-2 zone and occupancy group is R3/U. Brand new wall mounted A/Cs+Heaters are installed in EVERY rooms which will reduce the electricity bills. Buyer to cooperate with seller's 1031 exchange at no cost to buyer.
| Elementary School | Middle School | High School |
|---|---|---|
| Unknown Elementary School | Unknown Middle School | Unknown High School |
| Price History | |
|---|---|
| 2/12/2019 | Listed $2,688,888 |
| 3/15/2019 | 2% - $2,638,888 |
| 3/17/2019 | 2% - $2,588,888 |
General Features
| Assessments | Unknown |
| Attached Structure | Detached |
| Community Features | Sidewalks |
| Directions | Take 55 S. Continue on Newport Blvd, Continue on W. Balboa Blvd. |
| HOA Fee | 0.00 |
| Levels | One, Two |
| Listing Agent | Frances Lee - BRE#01894473 |
| Listing Agent State License | 01894473 |
| MLS Area | NP - Balboa Peninsula |
| Price Per Square Foot | 1090.98 |
| Property Condition | Turnkey, Updated/Remodeled |
| Spa Features | None |
| Special Listing Conditions | Standard |
| Subdivision Name | Balboa Peninsula (Residential) (BALP) |
| Subdivision Name | Balboa Peninsula (Residential) (BALP) |
| Total Units | 3 |
Interior Features
| 1st Bedroom Area Unit Type | Square Feet |
| 2nd Bedroom Area Unit Type | Square Feet |
| 3rd Bedroom Area | 1020 |
| 3rd Bedroom Area Unit Type | Square Feet |
| Air Conditioning Y/N | Yes |
| Appliances | Dishwasher, Free-Standing Range, Disposal, Microwave, Refrigerator, Tankless Water Heater, Water Heater |
| Appliances Y/N | Yes |
| Common Walls | No Common Walls |
| Cooling | Zoned, Electric, See Remarks |
| Dishwasher Count | 2 |
| Fireplace Features | None |
| Flooring | See Remarks |
| Garbage Disposal Count | 2 |
| Heating | Zoned, Electric, See Remarks |
| Heating Y/N | Yes |
| Interior Features | Copper Plumbing Full, Copper Plumbing Partial, Furnished, Partially Furnished |
| Laundry Features | Dryer Included, In Garage, Inside, Washer Included |
| Laundry Y/N | Yes |
| Number of Wall ACs | 9 |
| Range Count | 2 |
| Refrigerator Count | 2 |
| Room Type | Great Room, Main Floor Bedroom |
| Studio Area | 168 |
| Studio Area Unit Type | Square Feet |
| Utilities | Sewer Connected |
| Window Features | Double Pane Windows |
Exterior Features
| Building Area Total | 2373.00 |
| Carport Spaces | 2.00 |
| Fence Y/N | Yes |
| Fencing | Wood |
| Garage Spaces | 2.00 |
| Lot Features | 2-5 Units/Acre |
| Lot Size Acres | 0.0700 |
| Lot Size Area | 3049.0000 |
| Lot Size Source | See Remarks |
| Lot Size Square Feet | 3049.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
| Number of Separate Electric Meters | 2 |
| Number of Separate Gas Meters | 2 |
| Number of Separate Water Meters | 1 |
| Other Structures | Two On A Lot |
| Parking Features | Attached Carport, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener |
| Parking Y/N | Yes |
| Patio Count | 4 |
| Pool Features | None |
| Roof | Asphalt, Shingle |
| Sewer | Public Sewer |
| Total Parking | 4.00 |
| View | Peek-A-Boo, Water |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Based on information from California Regional Multiple Listing Service, Inc. as of April 22, 2019 5:15 AM. 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.
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Data Updated: April 22, 2019 3:24 AM
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