$2,610,888
$2,495,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
3,049 Sqft Lot
SOLD DATE : 06/27/2024
Key Details
Sold Price $2,610,888
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP24116467
Sold Date 06/27/24
Construction Status Fixer
HOA Y/N No
Year Built 1949
Lot Size 3,049 Sqft
Property Description
Seize this incredible chance to own a vibrant residential fourplex on Balboa Blvd. in Newport Beach, CA. Nestled on the coveted Balboa Peninsula, 1114 West Balboa Boulevard is a standout 4-unit multifamily property in one of Southern California's premier coastal markets. Built in 1949, this charming property boasts a perfect blend of 2 one-bedroom units and 2 two-bedroom units. It features a convenient 2-car garage and an additional outdoor carport parking space.
Ideally positioned near 11th Street, this gem is just a couple of blocks from the beach and the bay, placing you in the heart of coastal living. Enjoy easy walks to Newport Pier, Marina Park, Newport Elementary School, the Balboa Fun Zone, and a plethora of restaurants and shops. You're only steps away from Newport's world-famous beaches and the picturesque bayfront. Plus, the property is a short drive from chic boutiques, upscale dining, and popular entertainment venues across the peninsula.
All units are tenant-occupied, so please schedule showings with at least 48-hour notice. Don’t miss out on this unique and lively investment opportunity in an unbeatable location.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Interior Features Tile Counters
Heating Wall Furnace
Cooling None
Flooring Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Microwave, Refrigerator
Laundry In Garage
Exterior
Exterior Feature Awning(s)
Garage Garage, Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Fence None
Pool None
Community Features Biking, Curbs, Sidewalks, Urban
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available, Water Connected
Waterfront Description Across the Road from Lake/Ocean,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View City Lights
Roof Type Flat
Accessibility Parking
Parking Type Garage, Garage Faces Rear
Total Parking Spaces 3
Private Pool No
Building
Lot Description Walkstreet
Faces South
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 04726316
Security Features Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Yolla Zogheib • Century 21 Masters
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "