$2,393,000
$2,499,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
514 W Balboa BLVD Newport Beach, CA 92661
2,364 SqFt
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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Bought with NONE NONE • None MRML