514 W Balboa BLVD, Newport Beach, CA 92661 – TR21197650

$2,393,000

Est. payment -/mo

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

2,178 Sqft Lot

SOLD DATE : 03/03/2022

Key Details

Sold Price $2,393,000

Property Type Multi-Family

Sub Type MixedUse

Listing Status Sold

Purchase Type For Sale

Subdivision Balboa Peninsula (Commercial) (Bpcd)

MLS Listing ID TR21197650

Year Built 1960

Lot Size 2,178 Sqft

Property Description

Magnificent mix use building in prime Newport Beach peninsula. Only steps to the beach and bay in a most coveted neighborhood. First commercial level is a fully renovated restaurant with permitted patio leased at $4,500 until June 2023. Can also be modified into two NNN rentals. There is also three separate one car garages for each tenant. Second residential level consists of two furnished units rented month to month, 2 bedroom one bath at $3,600 (was rented for $3200) and a one bedroom one bath at $2,600 per month. Third level consists of a very large shared rooftop deck with some beach and city views.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Zoning C1

Interior

Laundry CommonArea, WasherHookup, ElectricDryerHookup, GasDryerHookup, InGarage

Exterior

Exterior Feature Barbecue

Parking Features Assigned, DoorMulti, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, DogPark, Hiking, StormDrains, StreetLights, Sidewalks, WaterSports, Fishing, Park

Utilities Available CableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, UndergroundUtilities, WaterConnected

Waterfront Description AcrosstheRoadfromLakeOcean,BeachAccess,OceanAccess

View Y/N Yes

View CityLights, Ocean, PeekABoo

Roof Type CommonRoof

Building

Lot Description NearPark, RectangularLot

Story 2

Foundation Slab

Sewer PublicSewer

Water Public

New Construction No

Others

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Paul Ward

paul@homeandranchteam.com +1(805) 479-5004

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by Jonathan Minerick • Homecoin.com
Bought with NONE NONE • None MRML

GET MORE INFORMATION

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

QUICK SEARCH