1609 E Balboa Boulevard, Newport Beach


0 Beds
0 Baths
2,756 Sqft
.06 Acres
3 Garages

Presenting a wonderful opportunity for instant income is this charming quadruplex located seconds to both the beach and bay within the highly desirable neighborhood of Peninsula Point. Encompassing (1) two-bedroom, one-bathroom unit and (3) one-bedroom, one-bathroom units, the property allows plenty of space for the future owner or manager to live on-site for easy property management. Three single garages provide additional storage and opportunity for income - previously rented at rate of $200/mo per garage. Given the high demand of the Newport Beach rental market, the future owner of this premier property has the potential to gross approximately $167,000/ year on all units and garages combined. Surrounded by multi-million dollar homes near the Fun Zone, countless shops and restaurants, this picturesque coastal residence is the perfect investment and place to call to home.

Essential Information
MLS® #NP19161789
Square Footage2,756
Year Built1949
TypeResidential Income
StatusActive Under Contract
Community Information
Address1609 E Balboa Boulevard
AreaBalboa Peninsula (NP)
SubdivisionBalboa Peninsula Point (BLPP)
CityNewport Beach
Zip Code92661
Parking Spaces3
# of Garages3
HeatingWall Heater

Built In Range, Gas Range, Gas Water Heater, Refrigerator

Lot Description

Lot Shape-Rectangular, Park Nearby

Additional Information
Date ListedJuly 10th, 2019
Days on Market261
Listing Details
AgentTim Smith(01346878)
OfficeColdwell Banker Res. Brokerage
Property History
Status Changed from Active to Active Under Contract
Price Reduced from $2,349,000 to $2,195,000
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract

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Based on information from California Regional Multiple Listing Service, Inc. as of March 27th, 2020 at 10:36pm PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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