1212 W Balboa Boulevard, Newport Beach CA, 92661

Sold

1212 W Balboa Boulevard

Newport Beach CA, 92661

$2,500,000

$1,036.48 per sqft

Sold

2,412 sqft

Residential

Built in 1948

Listed by Tyler Leeson with Marcus & Millichap RE Invest 949-419-3200

1212 West Balboa Boulevard is a 3-unit multifamily investment property located on the affluent and highly desirable Balboa Peninsula, one of the premier coastal housing markets in Southern California. Built in 1948 and 1961, 1212 West Balboa Boulevard offers an excellent mix of 1, one-bedroom unit and 2, two-bedroom units. The property features community amenities including 2 single-car garages, 1 surface parking space, and on-site laundry as well as unit amenities including recessed lighting and ceiling fans. All three units were last renovated between 2009 and 2013 and through a unit modernization plan a new owner could achieve substantial rental upside. 1212 West Balboa Boulevard is situated in Newport Beach, just steps from world famous beaches, Newport Elementary School, and the Marina Park Community Center. The property is also located just a short drive from the numerous boutiques, high-end restaurants, and popular entertainment destinations spread across the peninsula.

OC22158036

MLSⓇ ID

July 18, 2022

Listed

March 23, 2024

Updated

Map

1212 W Balboa Boulevard
Newport Beach CA, 92661

Interior Features

Total Stories: 1
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.07 Acres
Lot Features: Street Level
Sewer: Public Sewer

Other Property Details

Area Name: 699 - Not Defined
Days on Market: 28
Garage: Yes
Garage Spaces: 2
Parking Total: 3
View: No
County: Orange
Water Source: Public
Pool: No
Pool Features: None
Buyer Agency Compensation: 2.5%

Listing Contact: 949-419-3200

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:35 AM UTC