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    109 E Balboa Boulevard

    Newport Beach, CA 92661
    • $3,500,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: NP21175359
    UPDATED: 21 min ago
    $3,500,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Opportunity awaits! Located one house off the boardwalk, this three story TRIPLEX is a great investment opportunity. Designed and built by Svend Nielsen, known for SoCal landmarks such as Discovery Cube and The Forum. Each unit has 2 bedrooms, 1 bath and in unit laundry. All three units have private outdoor space and there are 2 spaces for parking in the carport. A separate, private shower room is located on the ground floor. The carport area includes a custom built bike locker, along with locked storage areas. Equipped with a Tesla solar panel system and a 30 year roof that was replaced in 2016. The automated blinds, thermostats, home and security system can be controlled by the smart home hub. Long term renters are currently in place with stable income and room to increase rents. Dont miss this fantastic opportunity for an investor either looking for solid income now or for an exciting remodel project.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. 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 deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/120248163
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    109 E Balboa Boulevard Newport Beach, CA 92661

    • Price: $3,500,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: NP21175359
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    1959
    Built
    Neighborhood:
    Balboa Peninsula (Residential) (Balp)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    Property Description
    Opportunity awaits! Located one house off the boardwalk, this three story TRIPLEX is a great investment opportunity. Designed and built by Svend Nielsen, known for SoCal landmarks such as Discovery Cube and The Forum. Each unit has 2 bedrooms, 1 bath and in unit laundry. All three units have private outdoor space and there are 2 spaces for parking in the carport. A separate, private shower room is located on the ground floor. The carport area includes a custom built bike locker, along with locked storage areas. Equipped with a Tesla solar panel system and a 30 year roof that was replaced in 2016. The automated blinds, thermostats, home and security system can be controlled by the smart home hub. Long term renters are currently in place with stable income and room to increase rents. Dont miss this fantastic opportunity for an investor either looking for solid income now or for an exciting remodel project.
    Exterior Features

    Architectural Style Modern Carport YN Yes Construction Materials Drywall Fencing None Foundation Details Slab Lot Features 2-5 Units/AcreNear Public Transit Number Of Separate Electric Meters 3 Open Parking Spaces 2 Parking Features Carport Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Alley PavedPaved Roof Composition Spa Features None Spa YN No View CatalinaPeek-A-Boo View YN Yes Waterfront Features Beach AccessOcean Access

    Interior Features

    Appliances Electric OvenGas OvenRefrigerator Common Walls 1 Common Wall Cooling None Cooling YN No Door Features Mirrored Closet Door(S)Sliding Doors Fireplace Features Living Room Fireplace YN Yes Flooring Laminate Heating Wall Furnace Heating YN Yes Interior Features BalconyCeiling Fan(S) Window Features Blinds

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingFishingSidewalksWater Sports Current Financing Conventional Disclosures City Inspection RequiredHome Warranty Electric Standard Garage YN No Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features Inside Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 0 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN No Security Features Carbon Monoxide Detector(S)Fire Detection SystemSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasInsurance Total Actual Rent 9300 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0 Water Source Public

    Listing provided courtesy of Baylee Leavitt of White Sail Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. 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 deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
    23670 Hawthorne Blvd. #100
    Torrance CA, 90505