x
Address
1609 E Balboa Boulevard Newport Beach, CA
Price
$ 2,195,000
Property Attributes
  • MLS#NP19161789
  • TypeContingent
  • CountyORANGE
  • CityNewport Beach
  • AreaBalboa Peninsula
  • NeighborhoodBalboa Peninsula Point
  • Zip92661
  • Style
  • Price$ 2,195,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2756
  • Lot Size2,474 SqFt
Listing Provided Courtesy Of:
Tim Smith with Coldwell Banker Res. Brokerage.
Property Description

Presenting a wonderful opportunity for instant income is this charming quadruplex located seconds to both the beach and bay within the highly desirable neighborhood of Peninsula Point. Encompassing (1) two-bedroom, one-bathroom unit and (3) one-bedroom, one-bathroom units, the property allows plenty of space for the future owner or manager to live on-site for easy property management. Three single garages provide additional storage and opportunity for income - previously rented at rate of $200/mo per garage. Given the high demand of the Newport Beach rental market, the future owner of this premier property has the potential to gross approximately $167,000/ year on all units and garages combined. Surrounded by multi-million dollar homes near the Fun Zone, countless shops and restaurants, this picturesque coastal residence is the perfect investment and place to call to home.

Price History
7/10/2019 Listed $2,349,000
11/20/2019 7% - $2,195,000

General Features

Attached Structure Detached
Co-Listing Agent Last Name Streatfeild
Co-Listing Agent Last Name Jason
Co-Listing Agent State License # 01834496
Co-listing Agent Jason Streatfeild - BRE#01834496
Community Features Sidewalks
Directions Cross streets: E Balboa Blvd & H Street
HOA Fee 0.00
Levels Two
Listagentaor Newport
Listing Agent Tim Smith - BRE#01346878
Listing Agent State License 01346878
MLS Area NP - Balboa Peninsula
Number of Units Leased 3
Price Per Square Foot 796.44
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Balboa Peninsula Point (BLPP)
Subdivision Name Balboa Peninsula Point (BLPP)
Total Units 4

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Appliances Built-In Range, Gas Range, Gas Water Heater, Refrigerator
Appliances Y/N Yes
Common Walls No Common Walls
Cooling None
Fireplace Features Living Room
Fireplace Y/N Yes
Heating Wall Furnace
Heating Y/N Yes
Interior Features 2 Staircases, Ceiling Fan(s), Crown Molding, Open Floorplan
Laundry Features Common Area
Laundry Y/N Yes
Numberwithcarpet 4
Range Count 4
Refrigerator Count 4
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 2756.00
Carport Spaces 0.00
Garage Spaces 3.00
Lot Features Rectangular Lot, Park Nearby
Lot Size Acres 0.0568
Lot Size Area 2474.0000
Lot Size Source Assessor
Lot Size Square Feet 2474.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 4
Parking Features Garage, Garage Faces Rear, Garage - Three Door
Parking Y/N Yes
Patio Count 2
Pool Features None
Sewer Public Sewer
Total Parking 3.00
Uncovered Spaces 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92661

Price
AVG $3.34M
$2.2M
Visits
AVG 110
44
Year Built
AVG 1976
1949
Walkscore
AVG 43
36
Data Provided by Walkscore ® not using MLS data

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