1609 E Balboa Boulevard

Newport Beach, California CA92661
Pending

$3,850,000

Est. Mortgage N/A
Located in one of the most desirable destinations in Newport Beach, only steps from the beach and bay, 1609 E Balboa Blvd is your opportunity to own the most charming quadruplex on the Balboa Peninsula Point. Meticulously maintained and extensively upgraded last year, this truly exceptional property allows you to reap the benefits of instant and reliable income while enjoying the beach lifestyle for yourself if you so choose. Embodying the perfect NANTUCKET coastal style vibe with (1) two-bedroom, one-bathroom unit, a bonus studio and (3) completely remodeled one-bedroom, one-bathroom units with new wood-planked laminate flooring, custom wainscoting, crown molding, trending barn doors throughout and fireplaces make this property feel like an upscale eastern seaboard retreat. In addition, the fully updated kitchens are guaranteed to impress, with new cabinetry, subway tile backsplash, white-quartz countertops and large farm sinks. Refrigerators, the gas stove/ovens, microwaves and new USB outlets top it all off, while the immaculate bathrooms will leave you feeling blissful. Stay cool and relaxed in the ocean breeze with new windows and custom shades for privacy and comfort. The building also includes an on-site laundry room with two sets of brand new front-load washers & dryers and plentiful storage for your paddleboards and bikes. Three epoxied and redone garages provide additional storage and income opportunity. The spacious and newly furnished front patio is the perfect scene for your summer barbecues and gatherings. Last but not least enjoy peace of mind with a completely new sewer line from the property to the city main, as well as new plumbing and electrical. The property has the potential to gross over $200,000 in short-term rental income. Walking distance to the beach, bay, restaurants, boutiques, and world famous Wedge surf spot, this property offers the quintessential Newport lifestyle. The Peninsula Point is famous for its iconic festivities, including the Christmas Boat Parade, 4th of July parade and fireworks, Friday night potlucks at the private Bay Beach, the private tennis club. This is a rare chance to place your stake amongst some of the most prized and sought-after real estate in the world.

Quick Facts

Bedrooms
5
Bathrooms
5
SqFt
2,756
Year Built
1949
Property Type
Residential

Property Details

Price/SqFt$1,396.95
StatusPending
Bedrooms5
Total Baths5
Full Baths5
SqFt 2,756
Acres 0.057
CountyOrange
SubdivisionBalboa Peninsula Point (BLPP)
Year Built1949
Property TypeResidential
Property Sub TypeSingle Family Residence

Contact - Listing ID OC21223753


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Jacqueline Thompson

1400 Newport Center Drive, Suite 100
Newport Beach, CA 92660
Phone: (949) 326-3392
© 2021. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Wednesday, December 1st, 2021.

Based on information from CARETS as of Wednesday, December 1st, 2021 03:04:52 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing courtesy of Giovanne Helou, DRE #02068352 from The Oppenheim Group 310-927-7048

Contact - Listing ID OC21223753


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Jacqueline Thompson

1400 Newport Center Drive, Suite 100
Newport Beach, CA 92660
Phone: (949) 326-3392
Data services provided by IDX Broker
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