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512 W Balboa BLVD Newport Beach, CA 92661
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Key Details
Sold Price $2,330,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID WS24205398
Sold Date 02/14/25
HOA Y/N No
Year Built 1960
Lot Size 2,178 Sqft
Property Sub-Type Mixed Use
Property Description
Discover a fantastic 4-unit mixed-use residential and commercial property in the vibrant heart of Newport Beach Peninsula. This prime location features two charming residential units upstairs and two bustling retail spaces downstairs, currently leased to a popular salon and barbershop. Just a short stroll from the beach, an array of restaurants, entertainment options, and boutique shops, this property offers the perfect blend of convenience and coastal living.
All renters are on a flexible month-to-month basis, providing versatility for potential owners. The property also includes two one-car garage spaces and a convenient laundry room on the ground floor. Reroofed in 2021, Balcony waterproofing in 2024. Don't miss this opportunity to invest in a thriving community!
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Walkstreet
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 04807109
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with D. Timothy Byrne • Compass
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Chrystal & David Schoenbrun
Realtor/Broker Associate | License ID: 01409474 & 01761327