$2,349,000 - 1609 E Balboa Boulevard, Newport Beach

  • 0Beds
  • Baths
  • 2,756SQ. Feet
  • 0.06Acres

Presenting a wonderful opportunity for instant income is this charming quadruplex located seconds to both the beach and bay within the highly desirable neighborhood of Peninsula Point. Encompassing (1) two-bedroom, two-bathroom unit and (3) one-bedroom, one-bathroom units, the property allows plenty of space for the future owner or manager to live on-site for easy property management. Three single garages provide additional storage and opportunity for income - previously rented at rate of $200/mo per garage. Given the high demand of the Newport Beach rental market, the future owner of this premier property has the potential to gross approximately $167,000/ year on all units and garages combined. Surrounded by multi-million dollar homes near the Fun Zone, countless shops and restaurants, this picturesque coastal residence is the perfect investment and place to call to home.

Sales Agent

Sam SmithNewport Beach Real EstatePhone: 949-444-1901Cell: 949-444-1901Contact Agent Now

Essential Information

  • MLS® #:NP19161789
  • Price:$2,349,000
  • Bathrooms:0.00
  • Square Footage:2,756
  • Acres:0.06
  • Year Built:1949
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1609 E Balboa Boulevard
  • Area:Balboa Peninsula (NP)
  • Subdivision:Balboa Peninsula Point (BLPP)
  • City:Newport Beach
  • County:Orange
  • State:CA
  • Zip Code:92661

Amenities

  • Parking Spaces:3
  • # of Garages:3

Interior

  • Appliances:Gas Range, Gas Water Heater, Refrigerator, Built In Range
  • Heating:Wall Heater
  • Cooling:None
  • Fireplace:Yes
  • Stories:Two

Exterior

  • Lot Description:Lot Shape-Rectangular, Park Nearby

Additional Information

  • Date Listed:July 10th, 2019
  • Days on Market:8

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Similar Neighborhoods to "Balboa Peninsula Point (BLPP)" in Newport Beach, California

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Balboa Peninsula (residential) (balp)

  • City:
    Newport Beach
  • Price Range:
    $2,095,000 - $5,500,000
  • Current Listings:
    8
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $990

Balboa Peninsula (commercial) (bpcd)

  • City:
    Newport Beach
  • Price Range:
    $2,295,000 - $2,295,000
  • Current Listings:
    1
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $925
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Provided By: Tim Smith(01346878), Coldwell Banker Res. Brokerage.

Based on information from California Regional Multiple Listing Service, Inc. as of July 19th, 2019 at 9:47am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.