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    1603 E Balboa Boulevard

    Newport Beach, CA 92661
    • $2,899,000
    • STATUS: Active Under Contract
    • ON SITE: 23 days
    • ID#: NP21110008
    Under Contract
    UPDATED: 29 min ago
    $2,899,000
    • 5
      BEDS
    • 0.06
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 2,208
      SQFT
    • $1,313
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1948
    County:

    School Ratings & Info

    School District:

    Description

    Offering bay views from its outstanding location just one block from the water in Newport Beachs prestigious Peninsula Point neighborhood, this completely remodeled four-plex presents an excellent rental history and an annual gross income of more than $116,000. Eligible for a short-term rental permit, the classic shingle-style Cape Cod building includes a trio of one-bedroom, one-bath designs; a two-bedroom, one-bath unit; and an extra studio or storage room with bathroom. Remodeled in 2012 and showcasing a freshly painted exterior, the property is home to excellent tenants and includes a 35'-wide site with a paver-finished front patio, large side yard, vinyl fencing, a white picket fence in the front yard, a rear-facing two-car garage with adjoining parking space, and a large upstairs sun deck. Noteworthy upgrades include wood-look plank flooring, designer paint, crown molding, ceiling fans, newer windows and doors, mirrored wardrobe doors, fully appointed dine-in kitchens and granite countertops. Act quickly to acquire a very rare legal non-conforming four-plex in highly sought-after Peninsula Point, a playground that is anchored by the world-famous Wedge surf spot and renowned for its mega-million-dollar ocean- and bay-front residences. Shops and restaurants are minutes away, and Balboa Island, Newport Coast, Corona del Mar and Laguna Beach are all nearby.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T09:58:24.133. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/117496093
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    1603 E Balboa Boulevard Newport Beach, CA 92661

    • Price: $2,899,000
    • Status: Active Under Contract
    • Updated: 29 min ago
    • ID#: NP21110008
    5
    Beds
    5
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,208
    SQFT
    $1,313
    $/SQFT
    1948
    Built
    Neighborhood:
    NP - Balboa Peninsula
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    School District:
    Newport Mesa Unified
    Property Description
    Offering bay views from its outstanding location just one block from the water in Newport Beachs prestigious Peninsula Point neighborhood, this completely remodeled four-plex presents an excellent rental history and an annual gross income of more than $116,000. Eligible for a short-term rental permit, the classic shingle-style Cape Cod building includes a trio of one-bedroom, one-bath designs; a two-bedroom, one-bath unit; and an extra studio or storage room with bathroom. Remodeled in 2012 and showcasing a freshly painted exterior, the property is home to excellent tenants and includes a 35'-wide site with a paver-finished front patio, large side yard, vinyl fencing, a white picket fence in the front yard, a rear-facing two-car garage with adjoining parking space, and a large upstairs sun deck. Noteworthy upgrades include wood-look plank flooring, designer paint, crown molding, ceiling fans, newer windows and doors, mirrored wardrobe doors, fully appointed dine-in kitchens and granite countertops. Act quickly to acquire a very rare legal non-conforming four-plex in highly sought-after Peninsula Point, a playground that is anchored by the world-famous Wedge surf spot and renowned for its mega-million-dollar ocean- and bay-front residences. Shops and restaurants are minutes away, and Balboa Island, Newport Coast, Corona del Mar and Laguna Beach are all nearby.
    Exterior Features

    Attached Garage YN 0 Lot Features Level Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes View Bay View YN Yes

    Interior Features

    Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Main Level Bathrooms 5 Main Level Bedrooms 5

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingFishingWater Sports Garage YN Yes Laundry Features Common AreaIn Garage Lease Considered YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Quadruplex Water Source Public

    Listing provided courtesy of Christopher Parr of Douglas Elliman Of California,


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T09:58:24.133. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
     
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    The Marelly Group | Sentry Residential
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003