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$2,195,000

1609 E Balboa Boulevard
Newport Beach, CA 92661

For Sale|Multi-Family|Active Under Contract
0 Beds
0 Baths
SqFt
Built in 1949
267 Days Online
$Infinity/SqFt
Subdivision:
Balboa Peninsula Point (BLPP)
County:
Orange

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949-209-9004
1609 E Balboa Boulevard1609 E Balboa Boulevard1609 E Balboa Boulevard1609 E Balboa Boulevard
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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, one-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.

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Listing Snapshot
Price
$2,195,000
Days Online
267 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Partial Baths
N/A
Lot Size
0.0568 Acres
Year Built
1949
MLS Number
NP19161789
Status
Active Under Contract
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
21 hours agoListing updated with changes from the MLS
3 months agoStatus changed to Active Under Contract
4 months agoPrice changed to $2,195,000
6 months agoStatus changed to Active
6 months agoStatus changed to Active Under Contract
See 1 more
General Features
Property Sub Type
Quadruplex
On-Site Parking
Yes
Parking Features
GarageGarage Faces RearGarage – Three Door
Stories
Two
Sewer
Public Sewer
Listing Conditions
Standard
Interior Features
Cooling
None
Heating
Wall Furnace
Fireplace
Yes
Fireplace Details
Living Room
Appliances
Built-In RangeGas RangeGas Water HeaterRefrigerator
More Interior Features
2 StaircasesCeiling Fan(s)Crown MoldingOpen Floorplan
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Exterior Features
Pool
No
Pool Features
None
Lot Features
Rectangular LotPark Nearby
Community Features
MLS Area
NP – Balboa Peninsula
On-Site Laundry
Yes
Laundry Features
Common Area
Senior Community
No
More Community Features
Sidewalks
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of Tim Smith 01346878 with Coldwell Banker Res. Brokerage 00616212



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. The 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, the 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.
Neighborhood & Commute
Source: Walkscore
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