$3,450,000
$3,750,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
3,049 Sqft Lot
SOLD DATE : 05/08/2015
Key Details
Sold Price $3,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID OC14191270
Sold Date 05/08/15
HOA Y/N No
Year Built 1961
Tax Year 2013
Lot Size 3,049 Sqft
Property Description
REDUCED $200,000. Just steps to the Pacific Ocean and boating capital of the West Coast in “World Famous” Newport Beach, this oceanfront 4-plex is the perfect property for the investor or resident. Located on one of the most sought after stretches of coastline, it’s the perfect spot to enjoy the local shops, restaurants and everything Newport Beach has to offer. Recently re-modeled with custom rock entry, lighted pathway, fountain, palm trees, granite counter tops, top-of-the-line appliances, custom marble fireplace, cherry-wood cabinets, teak flooring, and also a spacious sun deck off the front unit with panoramic ocean and Catalina views. This property offers (3) 1 bedroom units and (1) 2 bedroom unit that can be rented weekly or monthly for premium summer/winter rental rates. In addition, the top two units can combine into a three to four bedroom unit to accommodate those larger family requests. Come see this property for yourself and you’ll see why it’s a one-of-a-kind opportunity to own on the oceanfront.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Interior Features Balcony, Cathedral Ceiling(s), Granite Counters, Multiple Staircases
Cooling Wall/Window Unit(s)
Flooring Carpet, Wood
Fireplaces Type Family Room
Fireplace Yes
Appliance Built-In Range, Barbecue, Dishwasher, Electric Range, Gas Range
Laundry Laundry Closet, In Garage
Exterior
Garage Door-Multi, Garage Faces Front, Garage, On Site, Garage Faces Rear
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Available
View Y/N Yes
View Catalina, Coastline, Ocean
Roof Type Composition
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story Two
Entry Level Two
Foundation Block
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
Others
Tax ID 04714324
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Amalia Khachikian • Berkshire Hathaway HomeServic
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "