421 E. Balboa Blvd, Newport Beach, CA 92661
- $2,350,000
- Sold Price
- $2,350,000
- List Price
- $2,550,000
- Closing Date
- Jan 03, 2024
- Status
- CLOSED
- MLS#
- SB23130417
- Year Built
- 1972
- Lot Size
- 3,049
- Acres
- 0.07
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 131
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- Balboa Peninsula (Residential) (Balp)
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.
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Additional Information
- Appliances
- Dishwasher
- Pool Description
- None
- Heat
- Forced Air
- Cooling Description
- None
- View
- None
- Exterior Construction
- Drywall, Stucco
- Roof
- Composition
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $3,550
- Operating Expense
- 550
Listing courtesy of Listing Agent: Gary Kooba (gary@garykooba.com) from Listing Office: Vista Sotheby’s International Realty.
Listing sold by Sarah Lynch from Re/Max One
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.