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514 W Balboa

Newport Beach, CA 92661
Active
Multifamily
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$2,995,000
Rare coastal investment property located on West Balboa Boulevard, directly across from the beach and boardwalk in the highly desirable Balboa Peninsula. This classic two-story mixed-use building offers diversified income in one of Southern California’s most sought-after beachfront markets. The upper level features two residential units currently tenant-occupied, providing steady residential… Read MoreRead Less
Property listed by HouseIQ, Levon Nargizyan 818-510-1617
Listing Snapshot
Days Online
253
Last Updated
Property Type
MixedUse
Lot Size
0.05 Acres
Year Built
1964
MLS Number
SR25278723
Property Location Map
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Building
Built in 1964, 1 building, Building faces Southwest, 2 stories, Levels: Two, Entry level: 1, Entry location: Ground, Construction Materials: Block
Community
Biking, DogPark, Hiking, StormDrains, StreetLights, Sidewalks, WaterSports, Fishing, Park
Expenses
Insurance: $5,500, Operating: $5,850, Water/Sewer: $350
Exterior Features
Barbecue
Foundation
Slab
Garage
4 spaces
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $139,200, Net Operating Income: $133,350
Interior Features
BeamedCeilings, BlockWalls, InLawFloorplan, AllBedroomsUp
Laundry
CommonArea, ElectricDryerHookup, GasDryerHookup, InGarage
Lot
0.05 acres, NearPark, RectangularLot
Parking
4 total parking spaces, Assigned, DoorMulti, Garage
Pool
None
Property
Turnkey, CityLights, Ocean, PeekABoo
Roof
CommonRoof
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 04807110, Tax Block: 3, Lot: 15
Tenant Pays
AllUtilities
Utilities
CableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, UndergroundUtilities, WaterConnected, Water Source: Public, ElectricityOnProperty, Volts220InGarage, Volts220InKitchen, 4 separate electric meters, 3 separate gas meters
Water Features
AcrossTheRoadFromLakeOcean, BeachAccess, OceanAccess
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Chase Whitney
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Schools In The Area

Check out nearby schools with ratings and contact info.
Newport Elementary School 949-515-6965 Public KG-6
Horace Ensign Intermediate School 949-515-6910 Public 7-8
Newport Harbor High School 949-515-6300 Public 9-12
Newport Elementary School 949-515-6965 Public KG-6
Newport Elementary School 949-515-6965 Public KG-6
Horace Ensign Intermediate School 949-515-6910 Public 7-8
Newport Elementary School 949-515-6965 Public KG-6
Newport Harbor High School 949-515-6300 Public 9-12

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Listing Information © California Regional MLS. All Rights Reserved.

Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.