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    514 W Balboa Boulevard

    Newport Beach, CA 92661
    • $2,395,000
    • STATUS: Active
    • ON SITE: 44 Days
    • ID#: TR21197650
    UPDATED: 54 min ago
    $2,395,000
    • 0
      BEDS
    • 0.01
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    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. 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 and 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T17:26:27.37. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/121286168
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    514 W Balboa Boulevard Newport Beach, CA 92661

    • Price: $2,395,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: TR21197650
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.01
    Acres
    1960
    Built
    Neighborhood:
    Balboa Peninsula (Commercial) (Bpcd)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    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. 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 and 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.
    Exterior Features

    Construction Materials Block Direction Faces Southwest Exterior Features Barbecue Foundation Details Slab Lot Features Near ParkRectangular Lot Number Of Separate Electric Meters 4 Parking Features AssignedDoor-MultiGarage Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Alley PavedMaintainedPaved Roof Common Roof View City LightsOceanPeek-A-Boo View YN Yes Waterfront Features Across The Road From Lake/OceanBeach AccessOcean Access

    Interior Features

    Common Walls No Common Walls Interior Features Beamed CeilingsBlock WallsIn-Law FloorplanAll Bedrooms Up

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features BikingDog ParkHikingStorm Drain(S)Street LightsSidewalksWater SportsFishingPark Disclosures Coastal Zone Electric Electricity - On Property220 Volts in Garage220 Volts in Kitchen Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 10700 Gross Scheduled Income 132000 Insurance Expense 5500 Land Lease YN No Laundry Features Common AreaWasher HookupElectric Dryer HookupGas Dryer HookupIn Garage Levels Two Listing Agreement Open Listing Service Entry Only Listing Terms Submit Net Operating Income 129500 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 2200 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityExterior MaintenanceGasTelephone Trash Expense 0 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedUnderground UtilitiesWater Connected Water Sewer Expense 350 Water Source Public Zoning C1

    Listing provided courtesy of Jonathan Minerick of Homecoin.Com


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T17:26:27.37. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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