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1609 E Balboa Boulevard, Newport Beach, CA

$2,195,000 - $2.2M Price - 2,756 Sqft - 2,474 Lot Sq. Ft - 273 DOM

Presenting a wonderful opportunity for instant income is this charming quadruplex located seconds to both the beach and bay within the highly desirable neighborhood of Peninsula Point. Encompassing (1) two-bedroom, one-bathroom unit and (3) one-bedroom, one-bathroom units, the property allows plenty of space for the future owner or manager to live on-site for easy property management. Three single garages provide additional storage and opportunity for income - previously rented at rate of $200/mo per garage. Given the high demand of the Newport Beach rental market, the future owner of this premier property has the potential to gross approximately $167,000/ year on all units and garages combined. Surrounded by multi-million dollar homes near the Fun Zone, countless shops and restaurants, this picturesque coastal residence is the perfect investment and place to call to home.

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Essential Information

For 1609 E Balboa Boulevard, Newport Beach, CA
  • MLS® # NP19161789
  • Price $2,195,000
  • Bathrooms 0.00
  • Square Footage 2,756
  • Lot Square Footage 2,474
  • Year Built 1949
  • Type Residential Income
  • Status Active Under Contract

Community Information

For 1609 E Balboa Boulevard, Newport Beach, CA

Amenities

For 1609 E Balboa Boulevard, Newport Beach, CA
  • Parking Spaces 3
  • # of Garages 3

Interior

For 1609 E Balboa Boulevard, Newport Beach, CA
  • Heating Wall Heater
  • Cooling None
  • Fireplace Yes
  • Stories Two

Appliances

For 1609 E Balboa Boulevard, Newport Beach, CA

Gas Range, Refrigerator, Built In Range, Gas Water Heater

Exterior

For 1609 E Balboa Boulevard, Newport Beach, CA

Lot Description

For 1609 E Balboa Boulevard, Newport Beach, CA

Lot Shape-Rectangular, Park Nearby

Additional Information

For 1609 E Balboa Boulevard, Newport Beach, CA
  • Date Listed July 10th, 2019
  • Days on Market 273

Similar Listings Properties for Sale Similar to 1609 E Balboa Boulevard, Newport Beach, CA

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1633 E Balboa Blvd, Newport Beach

2,208 SqFt
Phenomenal investment opportunity in Newport Beach that offers a wide range of possibilities! Located in the prestigious Peninsula Point area of the Balboa Peninsula in Newport Beach, and right down the road from the Balboa Village, Fun Zone and Balboa Pier areas, this charming, beachy fourplex currently produces strong revenue as a long-term rental property. As far as future uses, the property sits on a very large R-2 lot facing the harbor

1609 E Balboa Boulevard Newport Beach MLS® #NP19161789

You are viewing the for at 1609 E Balboa Boulevard with the MLS® NP19161789 on Previewochomes.com. This at 1609 E Balboa Boulevard, CA . 92661 is located in the Balboa Peninsula Point (BLPP) subdivision and is currently for featuring 2756 sq.ft. of living space, a 2474 sq.ft. lot and listed for sale at $2,195,000. This for at 1609 E Balboa Boulevard with the MLS® # NP19161789 has been listed since 2019-07-10.

Please contact us for additional information and assistance.

Price Change History for 1609 E Balboa Boulevard, Newport Beach, CA (MLS® #NP19161789)

Date Details Change
Status Changed from Active to Active Under Contract
Price Reduced from $2,349,000 to $2,195,000 $154,000 (6.56%)
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract

Based on information from California Regional Multiple Listing Service, Inc. as of April 9th, 2020 at 3:16am 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: Tim Smith(01346878) of Coldwell Banker Res. Brokerage