$3,262,500
$3,695,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
SOLD DATE : 03/31/2025
Key Details
Sold Price $3,262,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Island - Main Island (Bal
MLS Listing ID NP24186562
Sold Date 03/31/25
Bedrooms 7
Property Sub-Type Res Income 2-4 Units
Property Description
Check out this exciting investment opportunity located in the heart of Newport Beach's Balboa Island! This unique property is just steps to quaint Marine Avenue with its array of shops and restaurants, providing a convenient and vibrant lifestyle. Three units in total - two 3-bedrooms with 2-baths each and an upper studio with loft and rooftop access. The lower unit comes with a short-term rental permit, making it an ideal income-generating property. Enjoy breathtaking city and harbor views from the rooftop deck, perfect for entertaining or simply relaxing and taking in the scenery. Don't miss out on this rare opportunity to own a piece of Balboa Island real estate with endless potential. ONE (1) ACTIVE TRANSFERABLE SHORT TERM LODGING PERMIT (lower unit only)
Location
State CA
County Orange
Zoning Assessor
Direction Marine Ave turn right on Park.
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Donald Abrams Abrams Coastal Properties
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