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$3,380,000
Est. payment /mo
6 Beds
3 Baths
2,178 Sqft Lot
UPDATED:
10/10/2024 11:42 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID NP24177675
Bedrooms 6
HOA Y/N No
Lot Size 2,178 Sqft
Property Description
Situated just one house from the boardwalk and mere blocks from the lively Balboa Village and Fun Zone, this three-story triplex offers prime coastal living and an exceptional investment opportunity. Priced at $1,200 per square footwell below the average for comparable properties on the Balboa Peninsulathis property presents significant value. With all tenants on month-to-month leases, its a great redevelopment opportunity or a chance to collect steady rental income and benefit from future appreciation. Designed and built by renowned architect Svend Nielsen, the property exudes unique charm and thoughtful design. Each of the three units includes 2 bedrooms, 1 bathroom, and in-unit laundry for convenience. The second and third-floor units enjoy peek-a-boo ocean views, while all units offer private outdoor spaces, including balconies. Additional amenities include a two-car carport for the second- and third-floor units, a ground-floor private shower room, and recent upgrades such as a roof replacement in 2023, a Tesla solar system, and smart home features, including automated blinds, thermostats, and a security systemall controllable remotely. The property is professionally managed, generating stable income with the potential for future rent growth. Dont miss this rare opportunity to invest in a prime coastal location with endless possibilities.
Situated just one house from the boardwalk and mere blocks from the lively Balboa Village and Fun Zone, this three-story triplex offers prime coastal living and an exceptional investment opportunity. Priced at $1,200 per square footwell below the average for comparable properties on the Balboa Peninsulathis property presents significant value. With all tenants on month-to-month leases, its a great redevelopment opportunity or a chance to collect steady rental income and benefit from future appreciation. Designed and built by renowned architect Svend Nielsen, the property exudes unique charm and thoughtful design. Each of the three units includes 2 bedrooms, 1 bathroom, and in-unit laundry for convenience. The second and third-floor units enjoy peek-a-boo ocean views, while all units offer private outdoor spaces, including balconies. Additional amenities include a two-car carport for the second- and third-floor units, a ground-floor private shower room, and recent upgrades such as a roof replacement in 2023, a Tesla solar system, and smart home features, including automated blinds, thermostats, and a security systemall controllable remotely. The property is professionally managed, generating stable income with the potential for future rent growth. Dont miss this rare opportunity to invest in a prime coastal location with endless possibilities.
Situated just one house from the boardwalk and mere blocks from the lively Balboa Village and Fun Zone, this three-story triplex offers prime coastal living and an exceptional investment opportunity. Priced at $1,200 per square footwell below the average for comparable properties on the Balboa Peninsulathis property presents significant value. With all tenants on month-to-month leases, its a great redevelopment opportunity or a chance to collect steady rental income and benefit from future appreciation. Designed and built by renowned architect Svend Nielsen, the property exudes unique charm and thoughtful design. Each of the three units includes 2 bedrooms, 1 bathroom, and in-unit laundry for convenience. The second and third-floor units enjoy peek-a-boo ocean views, while all units offer private outdoor spaces, including balconies. Additional amenities include a two-car carport for the second- and third-floor units, a ground-floor private shower room, and recent upgrades such as a roof replacement in 2023, a Tesla solar system, and smart home features, including automated blinds, thermostats, and a security systemall controllable remotely. The property is professionally managed, generating stable income with the potential for future rent growth. Dont miss this rare opportunity to invest in a prime coastal location with endless possibilities.
Location
State CA
County Orange
Area Oc - Newport Beach (92661)
Zoning See Remark
Interior
Appliance Fireplace
Building
Lot Description Sidewalks
Story 3
Lot Size Range 1-3999 SF
Level or Stories 3 Story
Others
Monthly Total Fees $115
Acceptable Financing Cash
Space Rent $3,500
Listing Terms Cash
Read Less Info
Listed by Greg Blake • Coldwell Banker Realty
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