$3,850,000 - 1609 E Balboa Boulevard, Newport Beach

  • 5Beds
  • 5Baths
  • 2,756SQ. Feet
  • 0.06Acres

Located in one of the most desirable destinations in Newport Beach, only steps from the beach and bay, 1609 E Balboa Blvd is your opportunity to own the most charming quadruplex on the Balboa Peninsula Point. Meticulously maintained and extensively upgraded last year, this truly exceptional property allows you to reap the benefits of instant and reliable income while enjoying the beach lifestyle for yourself if you so choose. Embodying the perfect NANTUCKET coastal style vibe with (1) two-bedroom, one-bathroom unit, a bonus studio and (3) completely remodeled one-bedroom, one-bathroom units with new wood-planked laminate flooring, custom wainscoting, crown molding, trending barn doors throughout and fireplaces make this property feel like an upscale eastern seaboard retreat. In addition, the fully updated kitchens are guaranteed to impress, with new cabinetry, subway tile backsplash, white-quartz countertops and large farm sinks. Refrigerators, the gas stove/ovens, microwaves and new USB outlets top it all off, while the immaculate bathrooms will leave you feeling blissful. Stay cool and relaxed in the ocean breeze with new windows and custom shades for privacy and comfort. The building also includes an on-site laundry room with two sets of brand new front-load washers & dryers and plentiful storage for your paddleboards and bikes. Three epoxied and redone garages provide additional storage and income opportunity. The spacious and newly furnished front patio is the perfect scene for your summer barbecues and gatherings. Last but not least enjoy peace of mind with a completely new sewer line from the property to the city main, as well as new plumbing and electrical. The property has the potential to gross over $200,000 in short-term rental income. Walking distance to the beach, bay, restaurants, boutiques, and world famous Wedge surf spot, this property offers the quintessential Newport lifestyle. The Peninsula Point is famous for its iconic festivities, including the Christmas Boat Parade, 4th of July parade and fireworks, Friday night potlucks at the private Bay Beach, the private tennis club. This is a rare chance to place your stake amongst some of the most prized and sought-after real estate in the world.

Sales Agent

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

Essential Information

  • MLS® #:OC21223753
  • Price:$3,850,000
  • Bedrooms:5
  • Bathrooms:5.00
  • Full Baths:5
  • Square Footage:2,756
  • Acres:0.06
  • Year Built:1949
  • Type:Residential
  • Sub-Type:Single Family Residence
  • Style:Cape Cod, Craftsman
  • Status:Active

Community Information

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

Amenities

  • Parking Spaces:3
  • Parking:Garage, Garage Faces Rear, Storage
  • # of Garages:3
  • Garages:Garage, Garage Faces Rear, Storage
  • View:Neighborhood
  • Pool:None

Interior

  • Interior:Laminate
  • Interior Features:Built-in Features, Ceiling Fan(s), Crown Molding, Multiple Staircases, Open Floorplan, Pantry, Paneling/Wainscoting, Storage
  • Appliances:Built-In Range, Barbecue, Convection Oven, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer
  • Heating:Wall Furnace
  • Cooling:None
  • Fireplace:Yes
  • Fireplaces:Family Room, Living Room
  • Stories:Two

Exterior

  • Exterior:Stucco
  • Exterior Features:Barbecue
  • Lot Description:Paved
  • Construction:Stucco

School Information

  • District:Newport Mesa Unified
  • Middle:Ensign
  • High:Newport Harbor

Additional Information

  • Date Listed:October 8th, 2021
  • Days on Market:9
  • HOA Fees:0.00

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Balboa Peninsula Point (blpp)

  • City:
    Newport Beach
  • Price Range:
    $3,495,000 - $29,995,000
  • Current Listings:
    9
  • HOA Dues:
    $0
  • Average Price per Square Foot:
    $2,166

  • City:
    Newport Beach
  • Price Range:
    $825,000 - $10,995,000
  • Current Listings:
    29
  • HOA Dues:
    $159
  • Average Price per Square Foot:
    $1,315
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Provided By: Giovanne Helou, The Oppenheim Group.

Based on information from California Regional Multiple Listing Service, Inc. as of October 17th, 2021 at 2:01am 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.