Newport Beach, CA 92661,514 W Balboa BLVD
Newport Beach, CA 92661,514 W Balboa BLVD
Newport Beach, CA 92661,514 W Balboa BLVD
$2,393,000
Est. payment /mo
$2,499,000
4.2%
Est.Price: ?

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2,364 SqFt
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

Square Footage 2,364 sqft

Price per Sqft $1,012

Subdivision Balboa Peninsula (Commercial) (Bpcd)

MLS Listing ID TR21197650

Sold Date 03/03/22

Construction Status Turnkey

HOA Y/N No

Year Built 1960

Lot Size 2,178 Sqft

Acres 0.05

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

Rooms

Ensuite Laundry CommonArea, WasherHookup, ElectricDryerHookup, GasDryerHookup, InGarage

Interior

Interior Features BeamedCeilings, BlockWalls, InLawFloorplan, AllBedroomsUp

Laundry Location CommonArea,WasherHookup,ElectricDryerHookup,GasDryerHookup,InGarage

Fireplace No

Laundry CommonArea, WasherHookup, ElectricDryerHookup, GasDryerHookup, InGarage

Exterior

Exterior Feature Barbecue

Garage 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

Parking Type Assigned, DoorMulti, Garage

Total Parking Spaces 4

Private Pool No

Building

Lot Description NearPark, RectangularLot

Faces Southwest

Story 2

Entry Level Two

Foundation Slab

Sewer PublicSewer

Water Public

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 04807110

Acceptable Financing Submit

Listing Terms Submit

Financing Cash,CashtoNewLoan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jonathan Minerick • Homecoin.com
Bought with NONE NONE • None MRML
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