$2,350,000
$2,550,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
421 E. Balboa Blvd Newport Beach, CA 92661
3,049 Sqft Lot
Key Details
Sold Price $2,350,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID SB23130417
Sold Date 01/03/24
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1972
Lot Size 3,049 Sqft
Lot Dimensions Assessor
Property Description
Outstanding investment opportunity in the "Balboa Fun Zone" BTV. Each unit boasts 3 beds and 1 3/4 baths with 1250 room sqft BTV. Upstairs unit has been remodeled with open kitchen and vaulted ceilings. Both units show well and are ready for owner user or tenants. 3 car attached garage in a parking starved community!!! Seller has conducted a pre-sale general inspection which is included in MLS supplements. Top unit is rented on a month to month basis, bottom unit is currently being used for showing purposes. Single water meter, which owner pays. Separate electric and gas meters, which are paid for by tenant. Buyer is advised to check with city for the opportunity to add a 3rd level to this 2 story structure for potential views and additional income. Property is being sold as-is in it's present condition.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Heating Forced Air
Cooling None
Flooring Carpet
Fireplaces Type None
Fireplace No
Appliance Dishwasher
Laundry In Garage
Exterior
Exterior Feature Rain Gutters
Parking Features Assigned
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Fishing, Suburban, Sidewalks, Water Sports
Utilities Available Electricity Connected
View Y/N No
View None
Roof Type Composition
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 04812120
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Sarah Lynch • Re/Max One