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Key Details
Sold Price $3,650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP22044886
Sold Date 03/28/22
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1965
Lot Size 2,395 Sqft
Property Description
This duplex offers an exceptional location within close proximity to both the ocean and the bay, providing fantastic rooftop views of both Newport Bay and the breaking surf. Both units have been remodeled and provide modern kitchen amenities, a soothing neutral palette of colors and generous indoor / outdoor living spaces. The lower unit offers two bedrooms and one bath with an expansive front patio and private entrance. The upper unit has three bedrooms, two bathrooms, its own entrance and a rooftop deck to capture the tranquil panoramic views, summon the gentle ocean breezes and enjoy al fresco dining. Each unit has access to one parking space in the garage and a shared washer and dryer. For boating and sailing enthusiasts, the property is adjacent to the Newport Harbor Yacht Club. With a strong history of rental income, this is a tremendous opportunity to live in one unit, generate rental income from the other unit, all while experiencing the coveted Newport Beach lifestyle with world-class beaches, surfing, paddle boarding, sailing, and dining. Current rental rents have been provided to long term tenants and could be under market.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Type Family Room
Fireplace Yes
Laundry Common Area, In Garage
Exterior
Garage Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Curbs, Sidewalks, Water Sports
View Y/N Yes
View Bay, Neighborhood, Ocean
Parking Type Garage
Total Parking Spaces 2
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer, Unknown
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 04727422
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Michelle Linovitz • Villa Real Estate