514 W Balboa Boulevard, Newport Beach, CA 92661

About this property

Magnificent mix use building in prime Newport Beach peninsula. Only steps to the beach and bay in a most coveted neighborhood. First commercial level is a fully renovated restaurant with permitted patio leased at $4,500 until June 2023. Can also be modified into two NNN rentals. There is also three separate one car garages for each tenant. Second residential level consists of two furnished units rented month to month, 2 bedroom one bath at $3,600 (was rented for $3200) and a one bedroom one bath at $2,600 per month. Third level consists of a very large shared rooftop deck with some beach and city views.

Listing description from the March 2022 sale, as reported to CRMLS.

Sale history

$2,393,000

Sold March 2022 · listed $2,499,000, orig. $2,395,000, on market September 2021 · MLS #TR21197650 · Source: CRMLS

Listing Agent: Jonathan Minerick · Listing Office: Homecoin.com · Contact: 888-400-2513 · Bought with: NONE NONE · None MRML

$90,000

Sold August 2020 · on market April 2020 · MLS #OC20075829 · Source: CRMLS

Listing Agent: Joe Ranieri · Listing Office: RE/MAX TerraSol · Contact: 714-536-6529 · Bought with: Joe Ranieri · RE/MAX TerraSol

$1,165,000

Sold April 2015 · listed $1,295,000, orig. $1,375,000, on market October 2014 · MLS #NP14215824 · Source: CRMLS

Listing Agent: Christopher Maddy · Listing Office: Villa Real Estate · Contact: 949-717-6000 · Bought with: Colin Delaney · Gatehouse Properties

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