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109 E Balboa BLVD Newport Beach, CA 92661
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Key Details
Sold Price $2,900,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP21175359
Sold Date 11/19/21
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1959
Lot Size 2,138 Sqft
Property Description
Opportunity awaits! Located one house off the boardwalk, this three story TRIPLEX is a great investment opportunity. Designed and built by Svend Nielsen, known for SoCal landmarks such as Discovery Cube and The Forum. Each unit has 2 bedrooms, 1 bath and in unit laundry. All three units have private outdoor space and there are 2 spaces for parking in the carport. A separate, private shower room is located on the ground floor. The carport area includes a custom built bike locker, along with locked storage areas. Equipped with a Tesla solar panel system and a 30 year roof that was replaced in 2016. The automated blinds, thermostats, home and security system can be controlled by the smart home hub. Long term renters are currently in place with stable income and room to increase rents. Don’t miss this fantastic opportunity for an investor either looking for solid income now or for an exciting remodel project.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Interior Features Balcony, Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type Living Room
Fireplace Yes
Appliance Electric Oven, Gas Oven, Refrigerator
Laundry Inside
Exterior
Parking Features Carport
Fence None
Pool None
Community Features Biking, Fishing, Sidewalks, Water Sports
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront Description Beach Access,Ocean Access
View Y/N Yes
View Catalina, Peek-A-Boo
Roof Type Composition
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre, Near Public Transit
Story 3
Entry Level Three Or More
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Three Or More
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 04807422
Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with QIN ZHOU • KINGSTON REALTY
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