Newport Beach, CA 92661,204 E Balboa Boulevard
Newport Beach, CA 92661,204 E Balboa Boulevard
Newport Beach, CA 92661,204 E Balboa Boulevard
$2,655,000
Est. payment /mo
$2,800,888
5.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

6 Beds
4 Baths
2,705 Sqft Lot
SOLD DATE : 07/17/2024

Key Details

Sold Price $2,655,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC24117477

Sold Date 07/17/24

Bedrooms 6

HOA Y/N No

Lot Size 2,705 Sqft

Property Description

Reduced for quick Sale! Location, Location, Location! ! Steps to Beach & Bay! WITH TRANSFERRABLE SHORT-TERM RENTAL PERMIT. Don't miss this rare opportunity to own a turn-key, high-demand, short-term rental business and.vacation home, ideally located at center of the Balboa Peninsula, steps to one of the best beaches in Southern California and beautiful Balboa Bay! Use this duplex for two short-term rental units for high revenue and profit. Or live in one and rent the other for income! Theres a bonus studio apartment with a separate entrance for extra living space. Nestled between the harbor and the coast, a short walk to Main Street, the Balboa Pier and Fun Zone, and only one block to the famous Balboa Peninsula Beach and boardwalk, its the perfect stay for short- or long-term. This property has averaged $150K in gross revenue annually for the last three years, not including the bonus studio apartment used for family and friends. Looking for a great business? Your calendar is constantly filled with high-quality short-term renters and consistently positive reviews. Looking for retirement lifestyle? Youll be steps away from restaurants, shops, services, the Balboa Island Ferry, and the beach life you dream of. The three-bedroom, two-bath apartment with a recently updated bathroom upstairs includes indoor and outdoor front and back porches. Downstairs is a two-bedroom, one-bath with a recently updated kitchen and bathroom. Both apartments have new (2023) split-system HVAC (an essential feature for short-term rentals). The studio has a separate side entrance. A two-car garage a
Reduced for quick Sale! Location, Location, Location! ! Steps to Beach & Bay! WITH TRANSFERRABLE SHORT-TERM RENTAL PERMIT. Don't miss this rare opportunity to own a turn-key, high-demand, short-term rental business and.vacation home, ideally located at center of the Balboa Peninsula, steps to one of the best beaches in Southern California and beautiful Balboa Bay! Use this duplex for two short-term rental units for high revenue and profit. Or live in one and rent the other for income! Theres a bonus studio apartment with a separate entrance for extra living space. Nestled between the harbor and the coast, a short walk to Main Street, the Balboa Pier and Fun Zone, and only one block to the famous Balboa Peninsula Beach and boardwalk, its the perfect stay for short- or long-term. This property has averaged $150K in gross revenue annually for the last three years, not including the bonus studio apartment used for family and friends. Looking for a great business? Your calendar is constantly filled with high-quality short-term renters and consistently positive reviews. Looking for retirement lifestyle? Youll be steps away from restaurants, shops, services, the Balboa Island Ferry, and the beach life you dream of. The three-bedroom, two-bath apartment with a recently updated bathroom upstairs includes indoor and outdoor front and back porches. Downstairs is a two-bedroom, one-bath with a recently updated kitchen and bathroom. Both apartments have new (2023) split-system HVAC (an essential feature for short-term rentals). The studio has a separate side entrance. A two-car garage and a carport give three spaces for off-street parking. The surrounding streets have ample unmetered street parking when needed for additional guests.

Location

State CA

County Orange

Area Oc - Newport Beach (92661)

Zoning Builder

Building

Lot Description Curbs

Story 2

Lot Size Range 1-3999 SF

Level or Stories 2 Story

Others

Monthly Total Fees $44

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Carl Wuestehube • Tri-Star Realty
Bought with Jodi DiTolla • DiTolla Real Estate
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.