Magnificent mix use building in prime Newport Beach peninsula. Only steps to the beach and bay in a most coveted neighborhood. First commercial level is a fully renovated restaurant with permitted patio leased at $4,500 until June 2023. Can also be modified into two NNN rentals. There is also three separate one car garages for each tenant. Second residential level consists of two furnished units rented month to month, 2 bedroom one bath at $3,600 (was rented for $3200) and a one bedroom one bath at $2,600 per month. Third level consists of a very large shared rooftop deck with some beach and city views.
Listed By CRMLS_CA / Jonathan Minerick / Homecoin.com
Last checked:
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Last updated Apr 24, 2023
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MLS# TR21197650 —
The Building
Year Built:
1960
Year Built Source:
Assessor
New Construction:
No
Construction Materials:
Block
Roof:
Common Roof
Exterior Features:
Barbecue Private
Foundation:
Slab
Common Walls:
No Common Walls
Faces:
Southwest
Building Area Total:
2364.00
Building Area Units:
Square Feet
# of Buildings:
1
Total Number Of Units:
3
Stories Total:
2
# of Separate Gas Meters:
3
# of Separate Water Meters:
1
# of Separate Electric Meters:
4
Interior
Features:
In-Law Floorplan, Beamed Ceilings, Block Walls
Levels:
Two
Room Type:
All Bedrooms Up
Laundry:
Common Area, Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Garage, Washer Hookup
Laundry:
1
Financial & Terms
Disclosures:
Coastal Zone
Location
Directions:
55 to Newport Bl to Balboa Bl
Latitude:
33.60430600
Longitude:
-117.90725600
The Property
Property Type:
Residential Income
Subtype:
Commercial/Residential
Property Condition:
Turnkey
Zoning:
C1
Lot Features:
Rectangular Lot, Park Nearby
Lot Size Area:
2178.0000
Lot Size Acres:
0.0500
Lot Size SqFt:
2178.00
Lot Size Source:
Seller
View:
1
View:
City Lights, Ocean, Peek-A-Boo
Road Frontage:
City Street
Road Surface Type:
Alley Paved, Maintained, Paved
Additional Parcels:
No
Land Lease:
No
Listing Agent
Contact info:
No listing contact info available
Taxes
Tax Block:
3
Tax Census Tract:
628.00
Tax Tract:
219
Tax Lot:
15
The Listing
Buyer's Brokerage Compensation:
2.250%
Special Listing Conditions:
Standard
Buyer's Brokerage Compensation:
$2.25
Parcel Number:
04807110
Utilities
Utilities:
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Sewer:
Public Sewer
Electric:
220 Volts in Garage, 220 Volts in Kitchen, Electricity - On Property
Water Source:
Public
The Community
Subdivision:
Balboa Peninsula (Commercial) (BPCD)
Subdivision:
Balboa Peninsula (Commercial) (BPCD)
Senior Community:
No
Features:
Biking, Dog Park, Fishing, Hiking, Park, Watersports, Sidewalks, Storm Drains, Street Lights
Pool:
None
Private Pool:
No
Waterfront Features:
Across the Road from Lake/Ocean, Beach Access, Fishing in Community, Ocean Access
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date
Event
Source
Price
% Change
3/3/22
Mar 3, 2022
Sold
CRMLS_CA
$2,393,000
-4.2%
2/25/22
Feb 25, 2022
Pending
CRMLS_CA
$2,499,000
10/26/21
Oct 26, 2021
Price Changed
CRMLS_CA
$2,499,000
4.2%
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No additional history available
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Multifamily
Sold
on 3/3/2022
$2,393,000
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Listing provided by broker:
Jonathan Minerick
Homecoin.com
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: CRMLS_CA and Homecoin.com.
Based on information from California Regional Multiple Listing Service, Inc. as of 08:06 on Apr 18.
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.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
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Last updated Apr 24, 2023
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