514 W Balboa Boulevard, Newport Beach, CA 92661

$2,499,000
List Price
$2,499,000
Price Change
▲ $100,000 1635315841
Status
ACTIVE
MLS#
TR21197650
Year Built
1960
Lot Size
2,178
Acres
0.05
Lot Location
NearPark, Rectangular Lot
Days on Market
138
Property Type
Multifamily
Property Sub Type
Mixed Use
Stories
Two Levels
Neighborhood
Balboa Peninsula (Commercial) (Bpcd)

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.

Additional Information

Pool Description
None
View
City Lights, Ocean, PeekABoo
Exterior Construction
Block
Roof
CommonRoof
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Interior Features
Beamed Ceilings, BlockWalls, In-Law Floorplan, AllBedroomsUp
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$132,000
Operating Expense
2200

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jonathan Minerick from Listing Office: Homecoin.com

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.