$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
2,178 Sqft Lot
Key Details
Sold Price $2,393,000
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
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
Property Sub-Type Mixed Use
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
Interior
Interior Features Beamed Ceilings, Block Walls, In-Law Floorplan, All Bedrooms Up
Fireplace No
Laundry Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage
Exterior
Exterior Feature Barbecue
Parking Features Assigned, Door-Multi, Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Dog Park, Hiking, Storm Drain(s), Street Lights, Sidewalks, Water Sports, Fishing, Park
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Access
View Y/N Yes
View City Lights, Ocean, Peek-A-Boo
Roof Type Common Roof
Total Parking Spaces 4
Private Pool No
Building
Lot Description Near Park, Rectangular Lot
Faces Southwest
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
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,Cash to New Loan
Special Listing Condition Standard
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Bought with NONE NONE None MRML