$3,380,000
109 E Balboa Boulevard Newport Beach, CA 92661
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Listed by Greg Blake • Coldwell Banker Realty
$3,380,000
Est. payment /mo
2,815 SqFt
UPDATED:
11/13/2024 06:14 AM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,815 sqft
Price per Sqft $1,200
MLS Listing ID CRNP24177675
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1959
Lot Size 2,178 Sqft
Property Description
Situated just one house from the boardwalk and mere blocks from the lively Balboa Village and Fun Zone, this three-story triplex offers prime coastal living and an exceptional investment opportunity. Priced at $1,200 per square foot�??well below the average for comparable properties on the Balboa Peninsula�??this property presents significant value. With all tenants on month-to-month leases, it�??s a great redevelopment opportunity or a chance to collect steady rental income and benefit from future appreciation. Designed and built by renowned architect Svend Nielsen, the property exudes unique charm and thoughtful design. Each of the three units includes 2 bedrooms, 1 bathroom, and in-unit laundry for convenience. The second and third-floor units enjoy peek-a-boo ocean views, while all units offer private outdoor spaces, including balconies. Additional amenities include a two-car carport for the second- and third-floor units, a ground-floor private shower room, and recent upgrades such as a roof replacement in 2023, a Tesla solar system, and smart home features, including automated blinds, thermostats, and a security system�??all controllable remotely. The property is professionally managed, generating stable income with the potential for future rent growth. Don�??t miss this rar
Location
State CA
County Orange
Interior
Heating Wall Furnace, Fireplace(s)
Cooling No Air Conditioning
Flooring Laminate
Fireplace No
Laundry Inside
Exterior
View Other, Ocean
Parking Type Other
Building
Water Public
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