512 W Balboa BLVD Newport Beach, CA 92661
Active
$2,399,000
4%
4 Units
3 Beds
4 Baths
2,482 Area(sq.ft.)
2,178 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,150 | $ 2,150 | $ 3,300 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,750 | $ 1,750 | $ 2,500 |
| Unit 3 | 1 | studio | 1 | No | $ 1,700 | $ 1,700 | $ 2,500 |
| Unit 4 | 1 | studio | 1 | No | $ 1,000 | $ 1,000 | $ 2,500 |
| 4 | 4 | 3 | 4 | $ 6,600 | $ 6,600 | $ 10,800 |
| MLS #: | WS24205398MR |
| Days On Market: | 38 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 967 |
| Price per unit: | $ 599,750 |
| Year Built: | 1960 |
Property Details
Discover a fantastic 4-unit mixed-use residential and commercial property in the vibrant heart of Newport Beach Peninsula. This prime location features two charming residential units upstairs and two bustling retail spaces downstairs, currently leased to a popular salon and barbershop. Just a short stroll from the beach, an array of restaurants, entertainment options, and boutique shops, this property offers the perfect blend of convenience and coastal living. All renters are on a flexible month-to-month basis, providing versatility for potential owners. The property also includes two one-car garage spaces and a convenient laundry room on the ground floor. Reroofed in 2021, Balcony waterproofing in 2024. Don t miss this opportunity to invest in a thriving community!Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 79,200 |
Structure
| Community Features: | Curbs, Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
Interior
| Laundry: | Laundry Area |
Exterior
| Pool: | No |
Detailed Map
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Income
