929 W Balboa Boulevard, Newport Beach, CA 92661

$2,750,000
4,074
SqFt
List Price
$2,750,000
Status
ACTIVE
MLS#
NP20150999
Year Built
1971
Living Sq. Ft
4,074
Lot Size
3,049
Acres
0.07
Lot Location
2-5 Units/Acre
Days on Market
3
Property Type
Multifamily
Style
Contemporary
Property Sub Type
Triplex
Stories
Three Or More Levels
Builders Tract Code
Balboa Peninsula (Residential) (BALP)
Neighborhood
Balboa Peninsula (Residential) (Balp)

Property Description

Opportunity awaits! Located one house off of the boardwalk, this massive three story OCEAN VIEW TRIPLEX is a great investment opportunity. Built to maximize the allowed building parameters of the early 1970s, this towering, steps-to-sand property boasts 9 bedrooms, 6 bathrooms and approximately 4,000 square feet of livable space. Each of the units are 3 bedroom and 2 baths, with 1 car parking in the carport, living room fireplaces and shared laundry. The ground floor unit has a cozy patio space out front and a side patio. The upper two units have front, side and rear patios and balconies. The top floor units has vaulted ceilings and water views, and additionally there is a deck on the roof. Long term renters are currently in place, however the units are largely vintage and there is substantial room for upgrades. A fantastic opportunity for an investor either looking for stable income now, or for an exciting remodeling project.

Additional Information

Tract Number
234
Lot Description
Carbon Monoxide Detector(s), Smoke Detector(s), Curbs, Street Lights
Appliances
Disposal, Gas Oven, Gas Range, Water Heater
Pool Description
None
Fireplace Description
Living Room
Heat
Forced Air
Cooling Description
None
View
Bay, Catalina, City Lights, Coastline, Ocean, Panoramic, Peek-A-Boo
Exterior Construction
Stucco
Patio
Yes
Roof
Composition
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Pamela White from White Sail Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.