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$2,995,000

Est. payment - /mo

2,613 Sqft Lot

Active Under Contract

217 E Balboa BLVD Newport Beach, CA 92661

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Mason Frakes

mason@masonfrakesrealestategroup.com +1(805) 260-4860

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID PW25145412

Construction Status Updated/Remodeled

HOA Y/N No

Rental Info Daily

Year Built 1956

Lot Size 2,613 Sqft

Lot Dimensions Assessor

Property Sub-Type Duplex

Property Description

2 units one house off the sand with a peek a boo view of the ocean. These 2 units (upper and lower) are licensed short-term rentals with the city of Newport Beach. Located 2 blocks from the ferry and one block from the pier, and walking distance to the fun zone! It doesn't get much better just off the sand. Occupy one and rent the other, or enjoy the income from short-term rental. The lower unit has an outdoor front patio and a 2-car garage off the alley behind the unit. The upper unit has a large front deck and a rear deck with a peak a boo view of the ocean and a 1-car garage. Both units feature a living room, dining area, open kitchen, and two large bedrooms with a full bath and shower. There is a common laundry room with a washer and dryer that are included. As a short-term rental, these units come fully furnished with all the essentials, including TVs, bedding, kitchenware, and more. You can move right in or keep it as an investment opportunity that only Newport Beach can offer. The city is no longer issuing short-term rental permits, so this is your opportunity to assume the existing permits. The schools are among the most distinguished in the county, and the weather cannot be beat!

Location

State CA

County Orange

Area Np - Balboa Peninsula

Interior

Interior Features Balcony, Ceiling Fan(s), Furnished, Open Floorplan

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate

Fireplaces Type None

Inclusions ALL APPLIANCES/FURNITURE WITHOUT WARRANTY

Fireplace No

Appliance Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Dryer, Washer

Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

Parking Features Door-Multi, Garage, Garage Door Opener, Garage Faces Rear, Side By Side

Garage Spaces 3.0

Garage Description 3.0

Fence Stucco Wall, Wood

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

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

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

View Y/N Yes

View Ocean, Peek-A-Boo

Roof Type Composition

Accessibility None

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Rectangular Lot

Faces East

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 04808118

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 1345.0

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Special Listing Condition Standard, Trust

Virtual Tour https://listings.beachcitiesmedia.com/sites/weqoxax/unbranded

Lease Land No

Listed by Albert Ricci Ricci Realty 714-231-6058

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Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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217 E Balboa BLVD Newport Beach, CA 92661

Mason Frakes

Key Details

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Interior

Exterior

Building

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217 E Balboa BLVD