CA > Newport Beach > Balboa Peninsula (Commercial) (Bpcd)
Newport Beach, CA 92661,514 W Balboa BLVD
Newport Beach, CA 92661,514 W Balboa BLVD
Newport Beach, CA 92661,514 W Balboa BLVD
5
$2,393,000
$2,499,000
4.2%
Est.Price: ?

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2,178 Sqft Lot

514 W Balboa BLVD Newport Beach, CA 92661

Est. payment /mo
SOLD DATE : 03/03/2022

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Chris Mardelli

Chris Mardelli

+1(310) 571-5761

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $2,393,000

Property Type Residential Income

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Balboa Peninsula (Commercial) (Bpcd)

MLS Listing ID TR21197650

Year Built 1960

Lot Size 2,178 Sqft

Property Sub-Type Mixed Use

Property Description

Magnificent mix use building in prime Newport Beach peninsula. Only steps to the beach and bay in a most coveted neighborhood. First commercial level is a fully renovated restaurant with permitted patio leased at $4,500 until June 2023. Can also be modified into two NNN rentals. There is also three separate one car garages for each tenant. Second residential level consists of two furnished units rented month to month, 2 bedroom one bath at $3,600 (was rented for $3200) and a one bedroom one bath at $2,600 per month. Third level consists of a very large shared rooftop deck with some beach and city views.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Zoning C1

Interior

Laundry Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage

Exterior

Exterior Feature Barbecue

Parking Features Assigned, Door-Multi, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Dog Park, Hiking, Storm Drain(s), Street Lights, Sidewalks, Water Sports, Fishing, Park

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected

Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Access

View Y/N Yes

View City Lights, Ocean, Peek-A-Boo

Roof Type Common Roof

Building

Lot Description Near Park, Rectangular Lot

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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CRMLS – RECore
Listed by Jonathan Minerick Homecoin.com
Bought with NONE NONE None MRML

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Chris Mardelli

Chris Mardelli

Broker | License ID: 01834969

+1(310) 571-5761

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