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Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23016211
Sold Date 03/10/23
Bedrooms 4
HOA Y/N No
Lot Size 3,049 Sqft
Property Description
Situated on a deep 3,049 square foot lot, 211 Cypress offers a fantastic duplex located on the highly desirable Balboa Peninsula in Newport Beach. This property is being presented to the market for the first time in over 50 years. Located in the short term rental zone, steps from the Newport Harbor, Ocean, Balboa Fun Zone and the best dining and shopping available on the Peninsula. This highly desirable duplex offers a fantastic unit mix of 2, 2 bedroom 1 bath units with a 1 car garage for each unit. Rarely seen, this property showcases a large, roughly 20 foot front yard setback. Not only is the front yard attractive to prospective renters, but it allows the new owner to expand the duplex forward to a 4 foot setback. The current units have excellent open concept layouts with spacious family rooms and accommodating kitchens. All bedrooms are graciously sized with the master bedrooms featuring a large walk in closet. The upstairs unit with vaulted ceilings creates an inviting sense of space and volume. Sliding glass doors off of the living room exit to a secluded viewing balcony. Both units get a one car garage, individual laundry and plenty of storage space.
Situated on a deep 3,049 square foot lot, 211 Cypress offers a fantastic duplex located on the highly desirable Balboa Peninsula in Newport Beach. This property is being presented to the market for the first time in over 50 years. Located in the short term rental zone, steps from the Newport Harbor, Ocean, Balboa Fun Zone and the best dining and shopping available on the Peninsula. This highly desirable duplex offers a fantastic unit mix of 2, 2 bedroom 1 bath units with a 1 car garage for each unit. Rarely seen, this property showcases a large, roughly 20 foot front yard setback. Not only is the front yard attractive to prospective renters, but it allows the new owner to expand the duplex forward to a 4 foot setback. The current units have excellent open concept layouts with spacious family rooms and accommodating kitchens. All bedrooms are graciously sized with the master bedrooms featuring a large walk in closet. The upstairs unit with vaulted ceilings creates an inviting sense of space and volume. Sliding glass doors off of the living room exit to a secluded viewing balcony. Both units get a one car garage, individual laundry and plenty of storage space.
Location
State CA
County Orange
Area Oc - Newport Beach (92661)
Zoning Assessor
Exterior
Exterior Feature Stucco
Garage Unit1:Assigned
Roof Type Composition
Building
Lot Description Sidewalks
Story 2
Lot Size Range 1-3999 SF
Level or Stories 2 Story
Others
Monthly Total Fees $120
Acceptable Financing Exchange
Listing Terms Exchange
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Armen Bandarian • Coldwell Banker Hallmark