1825 W Balboa, Newport Beach, California 92663, Newport Beach, - bed, bath
ACTIVE$3,399,000
1825 W Balboa, Newport Beach, California 92663
4Beds
3Baths
1,877Sqft
2,601Lot
Year Built
1928
Close
-
List price
$3.4M
Original List price
$3.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25131457
Home ConditionFair
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 | 4 | 6 | 28% |
| Baths | 3 | 4 | 20% |
| Square foot | 1,877 | 2,461 | 24% |
| Lot Size | 2,601 | 2,614 | 36% |
| Price | $3.4M | $3.2M | 56% |
| Price per square foot | $1,811 | $1,404 | 84% |
| Built year | 1928 | 1963 | 4% |
| HOA | |||
| Days on market | 147 | 169 | 32% |
Condition Rating
Fair
The property was built in 1928, but the listing states that all units have been upgraded with new kitchens and bathrooms. The images show updated kitchens with stainless steel appliances and modern bathrooms. However, the age of the building suggests that other components may be outdated or require minor repairs. Some flooring and carpet choices appear dated. Therefore, a 'fair' rating is appropriate.
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 lodging permits, providing immediate income-generating opportunities.
Recent Upgrades: All units have been upgraded with new kitchens, bathrooms, flooring, plumbing, and roof, minimizing immediate maintenance concerns.
Turnkey Condition: Units are in move-in condition, allowing for immediate occupancy or rental without additional renovations.
Parking: Includes a one-car garage and two additional parking spaces, a valuable asset in a high-density beach area.
Cons
Year Built: Built in 1928, the property may have older infrastructure or require updates to meet modern building codes.
Lot Size: The lot size is relatively small (2601 sqft), potentially limiting outdoor space and expansion possibilities.
Peek-A-Boo View: The view is described as 'Peek-A-Boo', suggesting a limited or obstructed view compared to properties with unobstructed ocean views.