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Key Details
Sold Price $3,150,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,326 sqft
Price per Sqft $1,354
Subdivision Balboa Island - Main Island (Balm)
MLS Listing ID OC24120988
Sold Date 08/15/24
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1956
Lot Size 2,548 Sqft
Property Description
Discover a prime investment opportunity with this duplex and casita located in a rare and highly desired neighborhood. This property presents endless potential for both moderate and high-end renovations, catering to various investor strategies. With multiple rental options available, each of the three units offers its own separate entrance for enhanced privacy and rental flexibility. The main house features 3 bedrooms and 2.5 baths spanning 1642 sqft, while the back unit offers 2 bedrooms and 1 bath across 684 sqft. Additionally, a versatile casita with 1 bedroom and 1 bath (potentially an efficiency studio) occupies 239 sqft (non-conforming, not included in total square footage). Situated in Balboa Island of Newport Beach, this home is perfect for savvy investors seeking to capitalize on a promising location and multiple winning property configurations.
Location
State CA
County Orange
Area N9 - Lower Newport Bay - Balboa Island
Zoning R2
Rooms
Other Rooms Guest House
Main Level Bedrooms 1
Interior
Interior Features Built-in Features, Brick Walls, Balcony, Ceiling Fan(s), Crown Molding, Granite Counters, In-Law Floorplan, Pantry, Stone Counters, All Bedrooms Up, Bedroom on Main Level
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile
Fireplaces Type Family Room
Fireplace Yes
Appliance Electric Oven, Gas Cooktop, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan, Water Heater
Laundry Electric Dryer Hookup, Gas Dryer Hookup, In Kitchen
Exterior
Garage Garage, No Driveway, Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Curbs, Fishing, Gutter(s), Street Lights, Sidewalks, Water Sports, Marina
Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View Neighborhood, Peek-A-Boo
Roof Type Shingle
Parking Type Garage, No Driveway, Garage Faces Rear
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Cape Cod, Traditional
Level or Stories Two
Additional Building Guest House
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 05006330
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard, Trust
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Bought with Duke Nguyen • Equity Partners Real Estate and Lending Inc
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692