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514 W Balboa BLVD Newport Beach, CA 92661
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Key Details
Sold Price $2,393,000
Property Type Multi-Family
Sub Type MixedUse
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Commercial) (Bpcd)
MLS Listing ID TR21197650
Year Built 1960
Lot Size 2,178 Sqft
Property Description
Magnificent mix use building in prime Newport Beach peninsula. Only steps to the beach and bay in a most coveted neighborhood. First commercial level is a fully renovated restaurant with permitted patio leased at $4,500 until June 2023. Can also be modified into two NNN rentals. There is also three separate one car garages for each tenant. Second residential level consists of two furnished units rented month to month, 2 bedroom one bath at $3,600 (was rented for $3200) and a one bedroom one bath at $2,600 per month. Third level consists of a very large shared rooftop deck with some beach and city views.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Zoning C1
Interior
Laundry CommonArea, WasherHookup, ElectricDryerHookup, GasDryerHookup, InGarage
Exterior
Exterior Feature Barbecue
Parking Features Assigned, DoorMulti, Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, DogPark, Hiking, StormDrains, StreetLights, Sidewalks, WaterSports, Fishing, Park
Utilities Available CableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, UndergroundUtilities, WaterConnected
Waterfront Description AcrosstheRoadfromLakeOcean,BeachAccess,OceanAccess
View Y/N Yes
View CityLights, Ocean, PeekABoo
Roof Type CommonRoof
Building
Lot Description NearPark, RectangularLot
Story 2
Foundation Slab
Sewer PublicSewer
Water Public
New Construction No
Others
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Read Less
Bought with NONE NONE • None MRML