1825 W Balboa, Newport Beach, California 92663, Newport Beach, - bed, bath
ACTIVE$3,350,000
1825 W Balboa, Newport Beach, California 92663
4Beds
3Baths
1,877Sqft
2,601Lot
Year Built
1928
Close
-
List price
$3.35M
Original List price
$3.35M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25170436
Home ConditionGood
Features
Good View: Peek-A-Boo
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 | $3.35M | $3.2M | 56% |
| Price per square foot | $1,785 | $1,404 | 84% |
| Built year | 1928 | 1963 | 4% |
| HOA | |||
| Days on market | 99 | 168 | 16% |
Condition Rating
Good
The listing states that all units have been upgraded with new kitchens, bathrooms, and flooring. While the property was built in 1928, the recent renovations suggest a 'good' condition. The images show updated kitchens and bathrooms, and the overall appearance is move-in ready.
Pros & Cons
Pros
Prime Location: Located just one house away from the beach with no streets to cross, offering unparalleled beach access and safety.
Income Potential: Legal non-conforming triplex with short-term permits, providing immediate income generation opportunities.
Recent Upgrades: All units have been upgraded with new kitchens, bathrooms, flooring, plumbing, and roof, minimizing immediate maintenance costs.
Turnkey Condition: Units are in move-in condition, allowing for immediate occupancy or rental without additional renovations.
Desirable Amenities Nearby: Proximity to the pier, park, and back bay enhances the property's appeal for various uses and lifestyles.
Cons
Limited Parking: One-car garage with two additional spaces may be insufficient for a triplex, potentially impacting tenant satisfaction.
Year Built: Built in 1928, the property may have older infrastructure requiring ongoing maintenance and potential future upgrades.
Peek-A-Boo View: The view is described as 'Peek-A-Boo', which may not be as desirable as a full, unobstructed view, potentially affecting rental rates or resale value.