$3,300,000
$3,525,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
2,596 SqFt
SOLD DATE : 02/14/2024
Key Details
Sold Price $3,300,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,596 sqft
Price per Sqft $1,271
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP23115865
Sold Date 02/14/24
Bedrooms 5
Full Baths 3
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1959
Lot Size 2,700 Sqft
Property Description
Seller Financing Available--Step into this duplex in Newport Beach and discover a world of untapped potential waiting for you! This vintage charming duplex is ideally situated in a prime location, just steps away from the beach and the picturesque Newport Bay. Boasting bay views, this residence offers a truly wonderful experience. Upstairs unit - 3 bedrooms/2 full bathrooms. Balcony, private patio, & a loft/office space. Downstairs unit - 2 bedrooms and 1 full bath with private patio.
This Duplex offers a 2 car spacious garage with an additional covered carport, allowing 3 car parking.
This unique structure / floor plan has an elevator + an indoor staircase leading to both levels & attached garage. Sitting on a 2.7k sqft bigger lot allows a lucrative opportunity to go multiple avenues. Live in one unit & rent out the other to offset your mortgage. Utilize the elevator / indoor staircase to use this property more like an SFR using both units for yourself. Rent out both units at current market rents. Or you can build a new construction duplex with 2 units R2 (or a SFR w/ JADU - do your buyer due diligence through the city on what you can build) - Front unit would boast bay views and the back unit may have potential ocean views off the rooftop deck.
This highly sought-after location offers a lifestyle that blends coastal charm, endless recreation, savvy investment and breathtaking views all in one. All while being very close to restaurants, boutiques, shopping & much more!
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Main Level Bedrooms 5
Interior
Interior Features Separate/Formal Dining Room, Multiple Primary Suites
Cooling None
Flooring Wood
Fireplaces Type None
Fireplace No
Laundry Common Area, Inside, Laundry Room
Exterior
Garage Carport, Garage
Garage Spaces 2.0
Carport Spaces 1
Garage Description 2.0
Pool None
Community Features Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Water Available
Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Access
View Y/N Yes
View Bay
Porch Front Porch, Patio
Attached Garage Yes
Total Parking Spaces 3
Private Pool No
Building
Lot Description Walkstreet
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 04726311
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA 203(k), FHA, Owner Will Carry, Owner May Carry, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA 203(k), FHA, Owner Will Carry, Owner May Carry, VA Loan
Financing Cash
Special Listing Condition Standard
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Bought with Clayton Wellbank • Clayton Wellbank, Broker
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