Newport Beach, CA 92661,204 E Balboa BLVD
Newport Beach, CA 92661,204 E Balboa BLVD
Newport Beach, CA 92661,204 E Balboa BLVD
55
$2,655,000
$2,800,888
5.2%
Est.Price: ?

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2,705 Sqft Lot

204 E Balboa BLVD Newport Beach, CA 92661

Est. payment /mo
SOLD DATE : 07/17/2024

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Key Details

Sold Price $2,655,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID OC24117477

Sold Date 07/17/24

HOA Y/N No

Year Built 1979

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! There’s 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, it’s 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? You’ll 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 Np - Balboa Peninsula

Interior

Fireplace No

Laundry Outside

Exterior

Garage Spaces 2.0

Carport Spaces 1

Garage Description 2.0

Pool None

Community Features Curbs

Total Parking Spaces 3

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 04809114

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Carl Wuestehube • Tri-Star Realty • 714-791-6026
Bought with Jodi DiTolla • DiTolla Real Estate

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Chad Nason

Agent | License ID: 02009648

+1(562) 972-3274

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