Skip To Content

421 E. Balboa Blvd

Newport Beach, CA 92661
  • $2,699,000
  • STATUS: Active
  • ON SITE: 68 Days
  • ID#: SB23130417
$2,699,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Listing Agent(s): Gary Kooba of Vista Sothebyã¢Â‚¬Â„¢S International Realty (310-541-8271)


Description

Outstanding investment opportunity in the "Balboa Fun Zone" BTV. Each unit boasts 3 beds and 1 3/4 baths with 1250 room sqft BTV. Upstairs unit has been remodeled with open kitchen and vaulted ceilings. Both units show well and are ready for owner user or tenants. 3 car attached garage in a parking starved community!!! Seller has conducted a pre-sale general inspection which is included in MLS supplements. Top unit is rented on a month to month basis, bottom unit is currently being used for showing purposes. Single water meter, which owner pays. Separate electric and gas meters, which are paid for by tenant. Buyer is advised to check with city for the opportunity to add a 3rd level to this 2 story structure for potential views and additional income. Property is being sold as-is in it's present condition.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. 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 Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/141567737
Print Image

421 E. Balboa Blvd Newport Beach, CA 92661

  • Price: $2,699,000
  • Status: Active
  • On Site: 68 Days
  • ID#: SB23130417
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1972
Built
Neighborhood:
Balboa Peninsula (Residential) (Balp)
County:
Orange
Area:
NP - Balboa Peninsula
Property Description
Outstanding investment opportunity in the "Balboa Fun Zone" BTV. Each unit boasts 3 beds and 1 3/4 baths with 1250 room sqft BTV. Upstairs unit has been remodeled with open kitchen and vaulted ceilings. Both units show well and are ready for owner user or tenants. 3 car attached garage in a parking starved community!!! Seller has conducted a pre-sale general inspection which is included in MLS supplements. Top unit is rented on a month to month basis, bottom unit is currently being used for showing purposes. Single water meter, which owner pays. Separate electric and gas meters, which are paid for by tenant. Buyer is advised to check with city for the opportunity to add a 3rd level to this 2 story structure for potential views and additional income. Property is being sold as-is in it's present condition.
Exterior Features

Architectural Style Traditional Construction Materials DrywallStucco Entry Level 1 Entry Location Ground Exterior Features Rain Gutters Foundation Details Slab Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Parking Features Assigned Parking Total 3 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Dishwasher Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Carpet Heating Forced Air Heating YN Yes Window Features Screens

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features FishingSuburbanSidewalksWater Sports Current Financing None Garage YN Yes Gross Income 36000 Gross Scheduled Income 3550 Insurance Expense 2000 Land Lease YN No Laundry Features In Garage Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan1031 Exchange Net Operating Income 3000 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 550 Property Condition Updated/Remodeled Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 100 Utilities Electricity Connected Water Sewer Expense 200 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. 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 Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371695077-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371695077-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371695077-2.jpg
Logo
Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Gary Kooba of Vista Sothebyã¢Â‚¬Â„¢S International Realty (310-541-8271)