A unique opportunity to acquire a Residential Duplex on Balboa Boulevard in Newport Beach, CA. The Residential Duplex consists of a one unit that is comprised of a 3 bedroom / 2 bathroom and another unit that is a 2 bedroom /1 bathroom. Both units are currently on MTM Leases at below market rent, which allows an investor the opportunity to bring the units to market rent. In addition, the duplex currently zoned for R-2, which allows for short term lodging (less than 30 consecutive days) with a city permit. The subject property is located in Newport Beach, CA, specifically in the affluent neighborhood of Balboa Peninsula. The duplex is ideally located on Balboa Boulevard near 11th street, which is a couple blocks from the beach and the bay. commonly known as the Balboa Peninsula of Newport Beach, CA. The property is within walking distance to Newport Pier, Marina Park, Newport Elementary School, the Balboa Fun Zone and numerous restaurants and shops. The duplex is within a few miles of Hoag Hospital, which regionally and nationally ranked by U.S. News & World Report.
Across the Road from Lake/Ocean, Ocean Side Of Highway
You are viewing the for at 1140 Balboa Boulevard with the MLS® OC22233646 on Previewochomes.com. This at 1140 Balboa Boulevard, . 92661 is located in the Balboa Peninsula (Residential) (BALP) subdivision and is currently for featuring and listed for sale at $2,495,000. This for at 1140 Balboa Boulevard with the MLS® # OC22233646 has been listed since 2022-11-01.
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| Date | Details | Change |
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| Status Changed from Pending to Closed | – | |
| Status Changed from Active Under Contract to Pending | – | |
| Status Changed from Active to Active Under Contract | – |
Based on information from California Regional Multiple Listing Service, Inc. as of April 29th, 2024 at 5:10am PDT. 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.
Property Listed By: Philip Immel of Pacific Sotheby's International Realty
