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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$8,495,000

Est. payment - /mo

8 Beds

7 Baths

3,877 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,877 sqft

Price per Sqft $2,191

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID OC25146021

Bedrooms 8

Full Baths 7

Construction Status Turnkey

HOA Y/N No

Year Built 2016

Lot Size 3,323 Sqft

Property Sub-Type Duplex

Property Description

OCEAN VIEWS FROM ALL 3 FLOORS! Located just steps from the sand on one of the peninsula's most desirable double wide streets, this extremely rare 35 foot wide lot was masterfully designed to incorporate two units with no shared vertical walls. The spacious upper unit consists of the full 2nd and 3rd floors, offering 2,467 square feet of living space, five bedrooms, 4 full bathrooms and multiple patio spaces. Upon entering the home, you will be greeted by 10 ft. ceilings, a white brick open fireplace in the living room and fully pocketing Fleetwood sliding glass doors for an effortless transition between the great room and a 320 sq. ft. patio with firepit, BBQ and white water ocean views. Utilize the convenience of an elevator to access each floor, which includes a third-floor patio that consists of 300 sq. ft. of covered space with fireplace and 800 sq. ft. of uncovered patio space with firepit, 8 person jacuzzi hot tub and panoramic ocean and Catalina views. Enjoy the elegance and style of white oak flooring, custom oak cabinets and designer-appointed lighting, plumbing fixtures, tile and countertops throughout the home. The gourmet kitchen offers ample storage space and is fully equipped with a Sub-Zero/Wolf appliances including: fridge, freezer and wine fridge columns, oven, microwave and a separate Scotsman ice maker. An integrated Control4 audio visual system centrally controls separately zoned speakers and TVs throughout both the inside and outside of the home, ensuring seamless entertainment for you and your guests. The large primary suite features a fireplace, a spacious bathroom and a walk-in closet. Avoid the hassle of the typical condo tandem parking with a side-by-side two car garage dedicated to the upper unit. The lower unit offers the rare opportunity to have a handicap accessible 1,410 sq. ft., 3 bedrooms, and 3 bathrooms all on the ground floor. This unit provides a spacious great room with a Fleetwood sliding glass door that opens to a 300 sq. ft. patio with BBQ and ocean views. Parking for this unit includes a one car garage and covered carport. It has been used as a full-time rental (with short term permit), booked nearly year-round with countless 5 star reviews, and generates around $170,000+ per year. Whether you are looking for your own personal dream home, looking to maximize revenue, or something in between, this property offers the flexibility to tailor its use to suit your ideal scenario.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 3

Interior

Interior Features Balcony, Ceiling Fan(s), Separate/Formal Dining Room, Elevator, Living Room Deck Attached, Open Floorplan, Pantry, Partially Furnished, Quartz Counters, Stone Counters, Recessed Lighting, Wired for Data, Wired for Sound, Bedroom on Main Level, Main Level Primary, Primary Suite, Walk-In Pantry, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Type Living Room, Masonry, Primary Bedroom, Multi-Sided, Outside

Inclusions Appliances included. All furniture and Audio Visual items are negotiable

Fireplace Yes

Appliance 6 Burner Stove, Barbecue, Convection Oven, Dishwasher, Electric Oven, Freezer, Gas Cooktop, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Water Heater, Water Purifier

Laundry Inside, Laundry Room

Exterior

Exterior Feature Awning(s), Barbecue, Rain Gutters, Fire Pit

Parking Features Attached Carport, Carport, Door-Multi, Door-Single, Garage, Garage Faces Rear

Garage Spaces 3.0

Carport Spaces 1

Garage Description 3.0

Fence Stucco Wall

Pool None

Community Features Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N Yes

View Catalina, City Lights, Coastline, Ocean, Panoramic

Roof Type Composition

Porch Rear Porch, Covered, Deck, Open, Patio, Rooftop

Total Parking Spaces 4

Private Pool No

Building

Lot Description Rectangular Lot, Sprinkler System

Dwelling Type Duplex

Story 3

Entry Level Three Or More

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary, Modern

Level or Stories Three Or More

New Construction No

Construction Status Turnkey

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04708336

Security Features Security System,Fire Sprinkler System

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Virtual Tour https://www.youtube.com/watch?v=pHzcxJ1kq8Q

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Listed by Brent Engstrom Engstrom Real Estate Group 714-469-6369

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112 30th ST Newport Beach, CA 92663