$4,683,000
$4,999,888
6.3%For more information regarding the value of a property, please contact us for a free consultation.
1216 W Balboa BLVD Newport Beach, CA 92661
6,098 Sqft Lot
Key Details
Sold Price $4,683,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID CV21029693
Sold Date 06/01/21
HOA Y/N No
Year Built 1949
Lot Size 6,098 Sqft
Property Description
NEWPORT BEACH 7 UNIT ON THE BALBOA PENINSULA. THIS TROPHY PROPERTY IS LOCATED IN THE HEART OF NEWPORT BEACH. FEATURES A DOUBLE LOT, ON-SITE LAUNDRY ROOM, GARAGES AND PARKING SPACES INCLUDED. CURRENT OWNER HAS 7 AirBnb LICENSES. FOUR 2 BEDROOM 2 BATH AND THREE 2 BEDROOM 1 BATH UNITS. UNITS ARE CURRENTLY ON MONTH TO MONTH OR YEARLY LEASES.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Interior Features Balcony, Ceiling Fan(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Curbs
Parking Type Assigned
Total Parking Spaces 4
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 04723414
Energy Description 775.0
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
Lease Land No
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Matthew Firth • Matthew Firth, Broker