1825 W Balboa, Newport Beach, California 92663, Newport Beach, - bed, bath
ACTIVE$3,500,000
1825 W Balboa, Newport Beach, California 92663
0Bed
0Bath
1,877Sqft
2,601Lot
Year Built
1928
Close
-
List price
$3.5M
Original List price
$3.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25097466
Home ConditionGood
Features
Good View: Peek-A-Boo
Patio
ViewPeek-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. 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 (24 Listings) | |
|---|---|---|---|
| Beds | 0 | 6 | |
| Baths | 0 | 4 | |
| Square foot | 1,877 | 2,461 | 24% |
| Lot Size | 2,601 | 2,614 | 36% |
| Price | $3.5M | $3.2M | 60% |
| Price per square foot | $1,865 | $1,404 | 84% |
| Built year | 1928 | 1963 | 4% |
| HOA | |||
| Days on market | 187 | 181 | 56% |
Condition Rating
Good
The property was built in 1928 but has been upgraded with new kitchens, bathrooms, and flooring. The description states that the plumbing and roof are also new. The images show modern kitchens and bathrooms. While the property is older, the recent renovations bring it up to a 'good' condition.
Pros & Cons
Pros
Prime Location: Located just one house away from the beach, providing immediate access to surf, sand, and boardwalk without crossing streets.
Income Potential: Legal non-conforming triplex with short-term permits, offering significant income potential through vacation rentals.
Recently Upgraded: All units have been upgraded with new kitchens, bathrooms, flooring, plumbing, and roof, minimizing immediate maintenance costs.
Parking Availability: Includes a one-car garage and two additional parking spaces, a valuable asset in a beach community.
Desirable Amenities Nearby: Proximity to the pier, park, and back bay enhances the property's appeal for various recreational activities.
Cons
Small Lot Size: The lot size of 2601 sqft is relatively small, potentially limiting outdoor space and expansion possibilities.
High Price Point: The list price of $3.5 million may be a barrier for some investors, requiring a substantial initial investment.
Age of Property: Built in 1928, the property may have underlying structural or foundational issues despite recent upgrades.