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812 W Balboa Boulevard

Newport Beach, CA 92661
  • $2,995,000
  • STATUS: Active Under Contract
  • ON SITE: 46 Days
  • ID#: PW24255186
Under Contract
UPDATED: 56 min ago
$2,995,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Listing Agent(s): Mark Cianciulli of The CREM Group (855-655-5544)


Description

Rare Peninsula Offering - First Time on Market in Over 50 Years! Located just steps from the Newport Harbor Yacht Club, beach, and the iconic boardwalk, this well-appointed duplex offers a prime coastal location in the heart of Newport Beach. Lower Unit: Spacious 3-bedroom, 2-bathroom, recently updated for turnkey living. Upper Unit: Expansive 4-bedroom, 2-bathroom, also updated with stylish finishes throughout.Both units are turnkey, well taken care off, have been consistent and strong performers on the rental market. Ideal for multi-family living, vacation rentals, or investment. With its unbeatable proximity to the harbor and local attractions, this property presents a rare opportunity to own in one of the most coveted areas of the Peninsula.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-15T11:27:27.253. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/159074754
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812 W Balboa Boulevard Newport Beach, CA 92661

  • Price: $2,995,000
  • Status: Active Under Contract
  • On Site: 46 Days
  • Updated: 56 min ago
  • ID#: PW24255186
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1972
Built
Neighborhood:
Balboa Peninsula (Residential) (Balp)
County:
Orange
Area:
NP - Balboa Peninsula
Property Description
Rare Peninsula Offering - First Time on Market in Over 50 Years! Located just steps from the Newport Harbor Yacht Club, beach, and the iconic boardwalk, this well-appointed duplex offers a prime coastal location in the heart of Newport Beach. Lower Unit: Spacious 3-bedroom, 2-bathroom, recently updated for turnkey living. Upper Unit: Expansive 4-bedroom, 2-bathroom, also updated with stylish finishes throughout.Both units are turnkey, well taken care off, have been consistent and strong performers on the rental market. Ideal for multi-family living, vacation rentals, or investment. With its unbeatable proximity to the harbor and local attractions, this property presents a rare opportunity to own in one of the most coveted areas of the Peninsula.
Exterior Features

Entry Level 1 Entry Location Ground Lot Features Near Park Number Of Separate Electric Meters 2 Parking Features Garage Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features See Remarks Fireplace YN Yes Heating See Remarks Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features SuburbanPark Contingency Last Showing Saturday 1/11/25 10am to 11am. OFFER DEADLINE 1/13/25 5PM | Lower Unit: Rents are $4550lease expires 1/31/25landlord pays natural gas onlytenant pays all other utilities.  Upper Unit: Rents are $5950lease expires 2/28/25 landlord pays natural gas onlytenant pays all other utilities. Current Financing None Electric Expense 0 Fuel Expense 2400 Garage YN Yes Gross Income 126000 Gross Scheduled Income 126000 Insurance Expense 3000 Land Lease YN No Laundry Features See Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventionalSubject To Other Maintenance Expense 3780 Net Operating Income 116820 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 2 Operating Expense 9180 Possession See Remarks Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Trust Tenant Pays Cable TVElectricityInsuranceSewerTrash CollectionTelephoneWater Total Actual Rent 10500 Trash Expense 0 Water Sewer Expense 0 Water Source PublicSee Remarks



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-15T11:27:27.253. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Mark Cianciulli of The CREM Group (855-655-5544)