512 W Balboa Boulevard, Newport Beach, CA 92661
- $2,330,000
- Sold Price
- $2,330,000
- List Price
- $2,399,000
- Closing Date
- Feb 14, 2025
- Status
- CLOSED
- MLS#
- WS24205398
- Year Built
- 1960
- Lot Size
- 2,178
- Acres
- 0.05
- Lot Location
- Walkstreet
- Days on Market
- 96
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- Balboa Peninsula (Residential) (Balp)
Property Description
Discover a fantastic 4-unit mixed-use residential and commercial property in the vibrant heart of Newport Beach Peninsula. This prime location features two charming residential units upstairs and two bustling retail spaces downstairs, currently leased to a popular salon and barbershop. Just a short stroll from the beach, an array of restaurants, entertainment options, and boutique shops, this property offers the perfect blend of convenience and coastal living. All renters are on a flexible month-to-month basis, providing versatility for potential owners. The property also includes two one-car garage spaces and a convenient laundry room on the ground floor. Reroofed in 2021, Balcony waterproofing in 2024. Don’t miss this opportunity to invest in a thriving community!
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $79,200
Listing courtesy of Listing Agent: MICHAEL TRUONG (michaeltruong12@gmail.com) from Listing Office: THE HILLCREST TEAM.
Listing sold by D. Timothy Byrne from Compass
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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.