Address
1028 W Balboa Boulevard Newport Beach, CA
Price
$ 2,595,000
Property Attributes
  • MLS#21100203
  • TypeIncome
  • CountyORANGE
  • CityNewport Beach
  • AreaBalboa Peninsula
  • Zip92661
  • Style
  • Price$ 2,595,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2590
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Andrew Kaiser with Matthews Real Estate Investment Services - 858-204-2836
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Located steps from the beach and bay, this triplex presents the golden opportunity for an investor to purchase a trophy-location residential income asset in the heart of the highly sought-after Balboa Peninsula. 1028 W Balboa consists of three well-maintained units: a spacious two-bed/one-bath front unit, a completely renovated and turn-key one-bed/one-bath middle unit, and an even larger two-bed/one-bath back unit with a private balcony. The ally-facing carport features parking for three large cars plus locking storage. As a legal grandfathered triplex, this property's incredible location and key zoning offers tremendous upside for investors and provides buyers seeking to owner-occupy the opportunity to cash flow two units while living in one. Centrally located just blocks from numerous top-notch restaurants, premier retail destinations, and leisure activities. When considering the sum of great wealth accumulation through asset appreciation, along with the in-demand area's continuous growth in rental demand, this property is an ideal investment with great asset security for any smart investor looking to own on the coveted Balboa Peninsula. PROPERTY VIDEO: https://youtu.be/QI8Mane_H0U

Price History
11/11/2021 Listed $2,595,000

General Features

Carport Spaces 3
Carport Y/N Yes
Cooling None
Listing Agent Andrew Kaiser - BRE#02016818
Listing Agent State License 02016818
Lot Size Square Feet 3049
MLS Area NP - Balboa Peninsula
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 3
Zoning R2

Exterior Features

Lot Dimensions 100x31
Lot Size Acres 0.07
Lot Size Area 3049
Lot Size Source Other
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Covered, Carport, Storage
Total Parking 3

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92661

Price
AVG $3.15M
$2.6M
Visits
AVG 55
19
Year Built
AVG 1969
1964
Walkscore
AVG 60
57
Data Provided by Walkscore ® not using MLS data

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