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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$3,695,000

Est. payment - /mo

2,613 Sqft Lot

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UPDATED:

02/17/2025 01:04 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Balboa Island - Main Island (Balm)

MLS Listing ID NP24186562

HOA Y/N No

Year Built 1959

Lot Size 2,613 Sqft

Property Sub-Type Duplex

Property Description

Check out this exciting investment opportunity located in the heart of Newport Beach's Balboa Island! This unique property is just steps to quaint Marine Avenue with its array of shops and restaurants, providing a convenient and vibrant lifestyle. Three units in total - two 3-bedrooms with 2-baths each and an upper studio with loft and rooftop access. The lower unit comes with a short-term rental permit, making it an ideal income-generating property. Enjoy breathtaking city and harbor views from the rooftop deck, perfect for entertaining or simply relaxing and taking in the scenery. Don't miss out on this rare opportunity to own a piece of Balboa Island real estate with endless potential. ONE (1) ACTIVE TRANSFERABLE SHORT TERM LODGING PERMIT (lower unit only)

Location

State CA

County Orange

Area N9 - Lower Newport Bay - Balboa Island

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling None

Flooring Carpet, Tile

Fireplaces Type Living Room

Inclusions appliances

Fireplace Yes

Laundry In Carport

Exterior

Parking Features Carport

Carport Spaces 3

Pool None

Community Features Curbs

View Y/N Yes

View Harbor

Roof Type Composition

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 05017226

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Trust

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Listed by Julia Morton • White Sail Realty • 949-933-2906

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114 Onyx AVE Newport Beach, CA 92662