1140 W Balboa Boulevard, Newport Beach, CA 92661
Duplex · 3 recorded sales since 2017
Sold May 2023
Listing Agent: Philip Immel (DRE #00545198) · Listing Office: Pacific Sotheby's International Realty · Contact: 949-545-2820 · Bought with: Philip Immel · Pacific Sotheby's International Realty · MLS #OC22233646 · Source: CRMLS
About this duplex
A unique opportunity to acquire a Residential Duplex on Balboa Boulevard in Newport Beach, CA. The Residential Duplex consists of a one unit that is comprised of a 3 bedroom / 2 bathroom and another unit that is a 2 bedroom /1 bathroom. Both units are currently on MTM Leases at below market rent, which allows an investor the opportunity to bring the units to market rent. In addition, the duplex currently zoned for R-2, which allows for short term lodging (less than 30 consecutive days) with a city permit. The subject property is located in Newport Beach, CA, specifically in the affluent neighborhood of Balboa Peninsula. The duplex is ideally located on Balboa Boulevard near 11th street, which is a couple blocks from the beach and the bay. commonly known as the Balboa Peninsula of Newport Beach, CA. The property is within walking distance to Newport Pier, Marina Park, Newport Elementary School, the Balboa Fun Zone and numerous restaurants and shops. The duplex is within a few miles of Hoag Hospital, which regionally and nationally ranked by U.S. News & World Report.
Listing description from the May 2023 sale, as reported to CRMLS.
Sale history
