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109 E Balboa BLVD Newport Beach, CA 92661
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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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Bought with QIN ZHOU • KINGSTON REALTY