1324 W Balboa Boulevard

    Newport Beach, CA 92661
    • $2,425,000
    • STATUS: Closed
    • ON SITE: 137 days
    • ID#: NP18012376
    Sold - 05/10/2018
    $2,425,000
    SOLD - 05/10/2018
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,336
      SQFT
    • $727
      $/SQFT
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Prime investment income property located in the heart of Balboa Peninsula. Well Maintained. PROPERTY IS A LEGAL TRIPLEX when seller acquired the units it was split into 6 units to maximize the income. The unit mix consists of the following: Two 2 bedrooms, one bath (Units A & B), four one bedroom, one bath Units A1, A2, C and C1-unit C has a den. Units A & B have their own washer & dryer. There are 3 carports. These units can easily be converted back to 3 or 4 large units. Conveniently located within a walking distance to the ocean and all restaurants and shops in Lido.

    Sold by Mehdi Khosh of Berkshire Hathaway Homeservice.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T00:31:37.313. 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.
    www.californiarealtyexperts.com/homes/80514477

    1324 W Balboa Boulevard Newport Beach, CA 92661

    • Price: $2,850,000
    • Status: Closed
    • Updated: 120 min ago
    • ID#: NP18012376
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    3,336
    SQFT
    $727
    $/SQFT
    1958
    Built
    Neighborhood:
    Balboa Peninsula (Residential) (Balp)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    Property Description
    Prime investment income property located in the heart of Balboa Peninsula. Well Maintained. PROPERTY IS A LEGAL TRIPLEX when seller acquired the units it was split into 6 units to maximize the income. The unit mix consists of the following: Two 2 bedrooms, one bath (Units A & B), four one bedroom, one bath Units A1, A2, C and C1-unit C has a den. Units A & B have their own washer & dryer. There are 3 carports. These units can easily be converted back to 3 or 4 large units. Conveniently located within a walking distance to the ocean and all restaurants and shops in Lido.
    Exterior Features

    Carport Spaces 3.00 Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Individual Room Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 600.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 148200.00 Gross Operating Income 145236.00 Gross Scheduled Income 148200.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Maintenance Expense 360.00 Net Operating Income 108255.00 New Taxes Expense 35625.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 39945.00 Professional Management Expense 0.00 Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Subdivision Name Other Balboa Peninsula (Residential) (Balp) Tenant Pays ElectricityGas Total Expenses 39945.00 Trash Expense 360.00 Vacancy Allowance 2 Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Mehdi Khosh of Berkshire Hathaway Homeservice and Aaron Khosh of Berkshire Hathaway Homeservice.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T00:31:37.313. 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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