Newport Beach, CA 92661,109 E Balboa BLVD
Newport Beach, CA 92661,109 E Balboa BLVD
Newport Beach, CA 92661,109 E Balboa BLVD
38
$2,900,000
$3,300,000
12.1%
Est.Price: ?

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2,816 SqFt

109 E Balboa BLVD Newport Beach, CA 92661

Est. payment /mo
SOLD DATE : 11/19/2021

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Key Details

Sold Price $2,900,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,816 sqft

Price per Sqft $1,029

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP21175359

Year Built 1959

Lot Size 2,138 Sqft

Property Description

Opportunity awaits! Located one house off the boardwalk, this three story TRIPLEX is a great investment opportunity. Designed and built by Svend Nielsen, known for SoCal landmarks such as Discovery Cube and The Forum. Each unit has 2 bedrooms, 1 bath and in unit laundry. All three units have private outdoor space and there are 2 spaces for parking in the carport. A separate, private shower room is located on the ground floor. The carport area includes a custom built bike locker, along with locked storage areas. Equipped with a Tesla solar panel system and a 30 year roof that was replaced in 2016. The automated blinds, thermostats, home and security system can be controlled by the smart home hub. Long term renters are currently in place with stable income and room to increase rents. Don’t miss this fantastic opportunity for an investor either looking for solid income now or for an exciting remodel project.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Heating Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type Living Room

Laundry Inside

Exterior

Garage Carport

Fence None

Pool None

Community Features Biking, Fishing, Sidewalks, Water Sports

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

Waterfront Description Beach Access,Ocean Access

View Y/N Yes

View Catalina, Peek-A-Boo

Roof Type Composition

Building

Lot Description 2-5 Units/Acre, Near Public Transit

Story 3

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Baylee Leavitt • White Sail Realty
Bought with QIN ZHOU • KINGSTON REALTY

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STACY BRAGLIA

REALTOR® | License ID: 01303104

+1(951) 295-5477

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