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Listing 4 out of 88
$2,395,000 For Sale

218 E Balboa Boulevard
Newport Beach, CA 92661

2 units | Multi Family Home
2614 sq ft - MLS# OC18020592
Property Photo
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Description

$100,000 price reduction - bring your offers! Well appointed duplex on the Balboa Peninsula with views of the ocean and potential short-term rental use. This home has phenomenal curb appeal and is just 300 feet from the beach and quick walk to the Fun Zone and pier. Upstairs is the perfect "owner occupied" unit with an open floor plan, updated kitchen with pantry, center island, breakfast nook, formal dining room and French doors off the den that open to a fantastic view of the sand and water. With a total of 1,741 SF, this unit offers 3 large bedrooms (including the master suite with dual sink vanity), an additional bathroom, beveled glass dual pane windows that flood the space with natural light, and vaulted ceilings. Downstairs you will find an additional 1,202 SF unit with private entry, consisting of 3 bedrooms and 2 baths, full kitchen, gas appliances and high efficiency windows. Both units are equipped with their own washer/dryer, central AC and ceiling fans throughout. See Supplementals for City of Newport Beach zoning information on short-term rentals.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92661
  • Year Built: 1972
  • Subdivision/Neighborhood: Balboa Peninsula (Residential) (Balp)
  • Stories: Two
  • Units: 2 units
  • # of Parking Spaces: 2.00
  • Fireplace: Living Room, Yes
  • Lot Size: 2614 sq ft
  • View: Bay,Ocean, Yes
  • Area: NP - Balboa Peninsula
  • Appliances: Dishwasher, Energy Star Appliances, Garbage Disposal, Gas Oven, Gas Water Heater, Range/Stove Hood, Vented Exhaust Fan
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2816.00
  • Building Area Units: Square Feet
  • Community Features: Curbs, Sidewalks
  • Cooling: Central, Dual, Electric
  • Cooling YN: Yes
  • Country: US
  • Directions: Home is on the corner of E. Balboa Blvd and Coronado
  • Door Features: French Doors
  • Electric: Standard
  • Flooring: Concrete, Tile, Wood
  • Foundation Details: Slab
  • Garage Rental Rate: 300.00
  • Garage Spaces: 2.00
  • Gross Income: 97200.00
  • Gross Scheduled Income: 97200.00
  • Heating: Forced Air, Natural Gas
  • Heating YN: Yes
  • Interior Features: Beamed Ceilings, Built-Ins, Cathedral-Vaulted Ceilings, Ceiling Fan, Open Floor Plan
  • Laundry Features: Inside
  • Laundry YN: Yes
  • Listing Agent License: 01966652
  • Listing Office License: 01925726
  • Lot Dimensions: 30X80
  • Lot Features: Corner Lot, Level with Street, Sprinkler System
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 85000.00
  • Number Of Buildings: 1
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Operating Expense: 12200.00
  • Property Condition: Turnkey
  • Road Surface Type: Alley Paved, Paved
  • Roof: Composition
  • Stories Total: 2
  • Total Expenses: 12200.00
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Public
  • Window Features: Energy Star Windows
  • Year Built Source: Assessor
Courtesy of Villa Real Estate, Jennifer Frazier

Agent Mary Lou Skowronski
Mary Lou Skowronski DRE: 01398486 / Broker DRE: 01317331
Berkshire Hathaway HomeServices California Properties
1400 Newport Center Drive, #200 - Newport Beach, CA 92660

© “2018” BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate,and a franchisee of  BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of  America, Inc.® Equal Housing Opportunity. Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC.  BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property,  Information obtained from various sources and will not be verified by broker or MLS. 

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Designations Ranks Agent Mary Lou Skowronski in the
Top 7% of Realtors Nationwide!
NABPOP BPO Certified Property Valuator, CPRES Certified Probate/Trust Real Estate Specialist, Investor Certified Realtor, ePRO – Internet Marketing Professional, 
Luxury Property Specialist, AREAA – Asian Real Estate Association of America, Designer and Accredited Home Staging Specialist,
REO and Short Sale Specialist, PSC Mastery HAFA Foreclosure Prevention Counselor