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109 E Balboa Boulevard, Newport Beach, CA 92661
$2,900,000
109 E Balboa Boulevard, Newport Beach, CA 92661View this property at 109 E Balboa Boulevard, Newport Beach, CA 92661
109 E Balboa BoulevardNewport BeachCA92661
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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.
Full Property Details
Full Property Details for 109 E Balboa Blvd
General
- Sold For: $2,900,000
- Status: Closed
- Type: Multi-Family
- MLS ID: NP21175359
- Added to Site: 1, 004 day(s) ago
Interior
- Interior Features: Balcony, Ceiling Fan(s)
- Fireplace(s): Living Room
- Appliances: Electric Oven, Gas Oven, Refrigerator
- Flooring: Laminate
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Carport
- Parking: Carport
Location
- Area: NP - Balboa Peninsula
- County: Orange
- Development Name: NP - Balboa Peninsula
- Driving Directions: E. Balboa Blvd to 109 E Balboa Blvd
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Architectural Style: Modern
- Foundation: Slab
- Roof: Composition
- Windows: Blinds
- Doors: Mirror Closet Door(s), Sliding Doors
- Stories/Levels: Three Or More
- Stories Description: Three Or More
- Square Feet: 2,816
- Year Built: 1959
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Property View: Catalina, Peek-a-Boo
- Lot Size (Acres): 0.0491
- Lot Size Source: Assessor
- Lot Description: 2-5 Units/Acre, Near Public Transit
Financial Considerations
- Price Per Sq. Ft.: $1,029.83
- Price Per Unit: 1100000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by White Sail Realty, Baylee Leavitt
Sold by Kingston Realty, QIN ZHOU
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Schools
Schools serving 109 E Balboa Blvd
School District:Newport-Mesa Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1327 W Balboa Blvd, Newport Beach, CA 92661 | K-6 | 0.8 mi | |
2000 Cliff Dr, Newport Beach, CA 92663 | 7-8 | 1.3 mi | |
600 Irvine Ave, Newport Beach, CA 92663 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 109 E Balboa Blvd
Date
Details
Price
Change
Source
11/19/2021
Sold
$2,900,000
-12.12%
MLS
10/25/2021
Price Reduced
$3,300,000
-5.71%
MLS
8/09/2021
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
109 E Balboa Boulevard, Newport Beach, CA 92661 (MLS# NP21175359) is a Multi-Family property that was sold at $2,900,000 on November 19, 2021. Want to learn more about 109 E Balboa Boulevard? Do you have questions about finding other Multi-Family real estate for sale in Newport Beach? You can browse all Newport Beach real estate or contact a Coldwell Banker agent to request more information.