1509 W Balboa Boulevard, Newport Beach, CA 92663

$1,850,000
Sold Price
$1,850,000
List Price
$1,699,000
Closing Date
Oct 18, 2021
Status
CLOSED
MLS#
OC21162497
Lot Size(apprx.)
2,511
Property Type
Multifamily
Year Built
1948

Property Description

Fantastic triplex investment opportunity located on the Balboa Peninsula, steps to the sand. Comprised of three one bedroom one bath units plus a three car garage on a corner lot. Close to world class beaches, popular restaurants and shopping. Property will be sold in "AS IS' condition. Buyer is advised to meet with the City of Newport Beach Planning and Building Departments to discuss any future improvements and/or possible development of the property prior to submitting an offer. The property is considered a non conforming triplex on a R-2 lot. Per the City, no new single family home nor condo will be permitted to be built. SHOWING WITH ACCEPTED OFFER ONLY! Please do not disturb the residents.

Additional Information

Laundry
None
Lot Size
2,511
Neighborhood
Balboa Peninsula (Residential) (Balp)
Stories
One Level
Year Built
1948

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Craig Ratowsky (craig.ratowsky@compass.com) from Listing Office: Compass.

Selling Office: Vylla Home, Inc..

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.