1123 E Balboa Boulevard Newport Beach, 92661

Bedrooms:
5
Bathrooms:
4
Square Feet:
1,959 sqft
Price $6,750,000 .00
Approx /month
Get More Details
Sale Price:
$6,750,000
Loan Type:
Conventional - 5% down
FHA - 3.5% down
VA - 0% down
Additional $ Down:
Total Down Payment:
Loan Term: (years)
Interest Rate: (%)
Property Tax: (year)
$0
Insurance: (year)
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Virtual Tour of 1123 E Balboa Boulevard , Newport Beach 92661

Property Description

2 ACTIVE SHORT TERM RENTAL PERMITS!! Soak up the surf and sun at this versatile oceanfront fully furnished duplex in Newport Beachs sought-after Peninsula Point neighborhood on the Balboa Peninsula. With one unit on each level of the two-story residence, you can live in one and rent the other, or use both as valuable income-producing opportunities. The renderings show how property can look if you build out the current plans plans that have been submitted to the city for a future custom home, making it easy to create the seaside home of your dreams. Presenting a quieter setting near the end of the boardwalk, the duplex is close to The Wedge surf break, Peninsula Park, the Peninsula Point Racquet Club, the Balboa Pier, and Main Streets vibrant shopping and dining destinations. A spacious view patio highlights the lower-level residence, which features two bedrooms, two baths, a living room with fireplace, a white kitchen, and a dining room that opens to the patio. The open and bright upper unit showcases a vaulted ceiling, a fireplace-warmed living room, a sunny ocean-view deck, a gourmet kitchen with breakfast bar, three bedrooms and two baths. An attached four-car garage with epoxy flooring provides ample off-street parking and room for storing bikes and surfboards.

General Information

Listing Attribution:
Compass taralmcnabb@icloud.com
Listing Agent:
Tara McNabb
CalBRE#:
01871729
Price:
$6,750,000
Status:
Active
Listing Updated:
4/7/2024
List Date:
3/1/2024
Close Date
Square Feet:
1,959
Bedrooms:
5
Bathrooms:
4
Garage Spaces:
4.00
Year Built:
1977
City:
Newport Beach
Zip:
92661
County:
Orange
MLS ID:
OC24042496
Buyer Agency Compensation:
2.500%
Buyer Agency Compensation Disclaimer:
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Home Features

Interior Features:
Bedroom on Main Level
Exterior Features:
Appliances:
Flooring:
Laundry:
Inside, In Garage, Upper Level
Architectural Style:
Levels:
Two
Fireplace Features:
Living Room
Cooling:
None
Heating:
Utilities:
Pool Type Features:
None
Spa Features:
Construction Materials:
Roofing:
Water Source:
Public
Sewage:
Public Sewer
Accessibility Features:

Community Information

MLS Area:
NP - Balboa Peninsula

Lot Information

Lot Size (sq feet):
2,614

Location Information

Directions:
Balboa Blvd to Property

Current Market Comparison

Subject
Subject
Active
Active
closed
Closed
Best0.5 Miles
Better1 Miles
Good1.5 Miles
Fair2 Miles

Subject Property

1123 E Balboa Boulevard Newport Beach CA 92661

Property Type:
Duplex
Bedrooms:
5
Bathrooms:
4
Interior SqFt:
1959
Interior Stories:
2
Year Built:
1977

8 Closed Properties

Address
Distance/Miles
Closed Price
Details
0.42 Miles
$3,200,000
0.51 Miles
$4,450,000
0.69 Miles
$8,525,000
1.65 Miles
$3,200,000
0.69 Miles
$2,850,000
0.47 Miles
$3,220,000
1.21 Miles
$3,300,000
1.08 Miles
$3,275,000

9 Active Properties

Address
Distance/Miles
Active Price
Details
1.43 Miles
$4,195,000
1.37 Miles
$3,380,000
1.37 Miles
$3,380,000
1.18 Miles
$4,388,000
1.23 Miles
$3,695,000
0.36 Miles
$4,850,000
0 Miles
$6,750,000
0.49 Miles
$3,280,000
1.21 Miles
$3,995,000