1532 Miramar Drive, Newport Beach, California 92661, Newport Beach, - bed, bath
ACTIVE$3,500,000
1532 Miramar Drive, Newport Beach, California 92661
0Bed
0Bath
3,250Sqft
4,065Lot
Year Built
1948
Close
-
List price
$3.5M
Original List price
$3.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25025331
Home ConditionFair
Features
Deck
Patio
View-
About this home
Steps to the beach and the bay on Balboa Peninsula Point, this triplex sits in one of the most coveted locations of Orange County. The charming, one way street is quiet and private. Walk or ride bikes to favorite Balboa shops, cafes, and restaurants. Hit the surf or hop on a boat in minutes. The residential income property features three units: Unit C offers three bedrooms and a large deck, Unit A offers two bedrooms and one bathroom, and Unit B offers two bedrooms and two bathrooms with an enclosed patio off of the living area. Laundry rooms in each unit. Two garages in the building: one car garage and a two car garage. Total of 7 bedrooms, 5 bathrooms in the building. Do not miss this opportunity to own in this prestigious community!
Nearby schools
9/10
Newport Elementary School
Public,•PK-6•1.8mi
7/10
Horace Ensign Intermediate School
Public,•7-8•2.1mi
7/10
Newport Harbor High School
Public,•9-12•2.2mi
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,250 | 0 | 25% |
| Lot Size | 4,065 | 3,049 | 75% |
| Price | $3.5M | $2.7M | 75% |
| Price per square foot | $1,077 | $538.5 | 50% |
| Built year | 1948 | 9760976 | 25% |
| HOA | |||
| Days on market | 274 | 206 | 75% |
Condition Rating
Fair
The property was built in 1948. The kitchens and bathrooms appear to have been updated at some point, but they are not modern or recently renovated. The appliances are a mix of older and newer models. Overall, the property appears to be aged but maintained, fitting the 'Fair' condition criteria.
Pros & Cons
Pros
Prime Location: Located on Balboa Peninsula Point, one of the most coveted locations in Orange County, offering proximity to both the beach and the bay.
Income Potential: Features three separate units, providing a significant opportunity for rental income.
Proximity to Amenities: Walking or biking distance to Balboa shops, cafes, and restaurants, enhancing lifestyle convenience.
Garage Parking: Includes a one-car garage and a two-car garage, providing ample parking space for residents.
Multiple Units: The triplex configuration with a total of 7 bedrooms and 5 bathrooms offers flexibility for various living arrangements or rental strategies.
Cons
Year Built: Built in 1948, the property may require updates or renovations to meet modern standards and preferences.
Potential Maintenance: As an older building with multiple units, there may be ongoing maintenance and repair costs to consider.
Lot Size: The lot size of 4,065 sqft is relatively small, potentially limiting outdoor space and expansion possibilities.