1825 W Balboa Boulevard, Newport Beach, California 92663, Newport Beach, - bed, bath
ACTIVE$3,350,000
1825 W Balboa Boulevard, Newport Beach, California 92663
0Bed
0Bath
2,200Sqft
2,614Lot
Year Built
1928
Close
-
List price
$3.35M
Original List price
$3.35M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25170395
Home ConditionGood
Features
Good View: Ocean, Peek-A-Boo
ViewOcean, Peek-A-Boo
About this home
3 Legal non-conforming triplex with short term permits. 2/1, 1/1, 1/1 all with their own washer and dryer. All units have been upgraded with new kitchens, bathrooms, flooring, plumbing, roof and in move-in condition should you elect not to use the short term lodging permits. Fully furnished. One car garage with two additional parking spaces. Located just one house away from the surf, sand and board walk. No streets to cross to get the beach making it a lot safer. The pier, park, back bay is just one block away making the location ideal for may uses.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 6.5 | |
| Baths | 0 | 4 | |
| Square foot | 2,200 | 2,454 | 33% |
| Lot Size | 2,614 | 2,614 | 50% |
| Price | $3.35M | $3.2M | 54% |
| Price per square foot | $1,523 | $1,431.5 | 63% |
| Built year | 1928 | 9815982 | 4% |
| HOA | |||
| Days on market | 98 | 174 | 13% |
Condition Rating
Good
The property was built in 1928, but the listing states that all units have been upgraded with new kitchens, bathrooms, flooring, and plumbing. The images confirm that the kitchens and bathrooms appear modern and updated. While the building is older, the recent renovations bring it to a 'good' condition.
Pros & Cons
Pros
Prime Location: Located just one house away from the beach, boardwalk, and surf, offering unparalleled access to coastal amenities.
Income Potential: Legal non-conforming triplex with short-term permits, presenting a significant income-generating opportunity.
Turnkey Condition: All units are upgraded with new kitchens, bathrooms, flooring, plumbing, and are fully furnished, ready for immediate occupancy or rental.
Parking: Includes a one-car garage and two additional parking spaces, a valuable asset in this area.
Proximity to Amenities: Close proximity to the pier, park, and back bay, enhancing the property's appeal for various uses.
Cons
Year Built: Built in 1928, the property may require ongoing maintenance and potential upgrades due to its age.
Lot Size: The lot size is relatively small at 2614 sqft, potentially limiting outdoor space and expansion possibilities.
Non-Conforming Status: The 'legal non-conforming' status of the triplex may present challenges with future renovations or modifications, requiring careful navigation of local regulations.