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    929 W Balboa Boulevard

    Newport Beach, CA 92661
    • $2,750,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: NP20150999
    UPDATED: 35 min ago
    $2,750,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,074
      SQFT
    • $675
      $/SQFT
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    Opportunity awaits! Located one house off of the boardwalk, this massive three story OCEAN VIEW TRIPLEX is a great investment opportunity. Built to maximize the allowed building parameters of the early 1970s, this towering, steps-to-sand property boasts 9 bedrooms, 6 bathrooms and approximately 4,000 square feet of livable space. Each of the units are 3 bedroom and 2 baths, with 1 car parking in the carport, living room fireplaces and shared laundry. The ground floor unit has a cozy patio space out front and a side patio. The upper two units have front, side and rear patios and balconies. The top floor units has vaulted ceilings and water views, and additionally there is a deck on the roof. Long term renters are currently in place, however the units are largely vintage and there is substantial room for upgrades. A fantastic opportunity for an investor either looking for stable income now, or for an exciting remodeling project.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-10T16:31:29.133. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.

    www.betterlivingsocalhomes.com/homes/108466148
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    929 W Balboa Boulevard Newport Beach, CA 92661

    • Price: $2,750,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: NP20150999
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    4,074
    SQFT
    $675
    $/SQFT
    1971
    Built
    Neighborhood:
    Balboa Peninsula (Residential) (Balp)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    Property Description
    Opportunity awaits! Located one house off of the boardwalk, this massive three story OCEAN VIEW TRIPLEX is a great investment opportunity. Built to maximize the allowed building parameters of the early 1970s, this towering, steps-to-sand property boasts 9 bedrooms, 6 bathrooms and approximately 4,000 square feet of livable space. Each of the units are 3 bedroom and 2 baths, with 1 car parking in the carport, living room fireplaces and shared laundry. The ground floor unit has a cozy patio space out front and a side patio. The upper two units have front, side and rear patios and balconies. The top floor units has vaulted ceilings and water views, and additionally there is a deck on the roof. Long term renters are currently in place, however the units are largely vintage and there is substantial room for upgrades. A fantastic opportunity for an investor either looking for stable income now, or for an exciting remodeling project.
    Exterior Features

    Architectural Style Contemporary Carport Spaces 3.00 Construction Materials Stucco Direction Faces Southeast Entry Level 1 Exterior Features Lighting Fence YN Yes Fencing Brick Foundation Details Slab Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Attached Carport Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No Uncovered Spaces 0.00 View BayCatalinaCity LightsCoastlineOceanPanoramicPeek-A-Boo View YN Yes Waterfront Features Beach Access

    Interior Features

    Appliances DisposalGas OvenGas RangeWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring CarpetVinyl Heating Forced Air Heating YN Yes Interior Features 2 StaircasesHigh CeilingsLaminate Counters Laundry Features Common AreaCommunitySee Remarks Levels Three Or More Room Type KitchenLaundryLiving RoomMain Floor BedroomMain Floor Master BedroomMaster BathroomMaster Bedroom

    Property Features

    Accessibility Features 2+ Access Exits Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsStreet Lights Country Us Electric Standard Elevation Units Feet Garage Income 0.00 Garage Rental Rate 0.00 Gross Income 0.00 Gross Scheduled Income 106080.00 Insurance Expense 0.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 0.00 Laundry YN Yes Lot Dimensions Source Assessor Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 3 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 3 Number With Drapes 3 Number With Patio 1 Number With Range 0 Number With Refrigerator 0 Operating Expense 0.00 Property Condition FixerRepairs Cosmetic Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Balboa Peninsula (Residential) (Balp) Tenant Pays Cable TvElectricityGas Total Actual Rent 8840.00 Total Expenses 0.00 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Year Built Source Assessor

    Listing provided courtesy of Pamela White of White Sail Realty and Art White of White Sail Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-10T16:31:29.133. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.

     
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