204 E Balboa Boulevard
Newport Beach, CA 92661
- – beds
- – baths
- – sqft
- 2,705 sqft lot
- 1979 build
- – on site
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Reduced for quick Sale! Location, Location, Location! ! Steps to Beach & Bay! WITH TRANSFERRABLE SHORT-TERM RENTAL PERMIT. Don't miss this rare opportunity to own a turn-key, high-demand, short-term rental business and.vacation home, ideally located at center of the Balboa Peninsula, steps to one of the best beaches in Southern California and beautiful Balboa Bay! Use this duplex for two short-term rental units for high revenue and profit. Or live in one and rent the other for income! There’s a bonus studio apartment with a separate entrance for extra living space. Nestled between the harbor and the coast, a short walk to Main Street, the Balboa Pier and Fun Zone, and only one block to the famous Balboa Peninsula Beach and boardwalk, it’s the perfect stay for short- or long-term. This property has averaged $150K in gross revenue annually for the last three years, not including the bonus studio apartment used for family and friends. Looking for a great business? Your calendar is constantly filled with high-quality short-term renters and consistently positive reviews. Looking for retirement lifestyle? You’ll be steps away from restaurants, shops, services, the Balboa Island Ferry, and the “beach life” you dream of. The three-bedroom, two-bath apartment with a recently updated bathroom upstairs includes indoor and outdoor front and back porches. Downstairs is a two-bedroom, one-bath with a recently updated kitchen and bathroom. Both apartments have new (2023) split-system HVAC (an essential feature for short-term rentals). The studio has a separate side entrance. A two-car garage and a carport give three spaces for off-street parking. The surrounding streets have ample unmetered street parking when needed for additional guests.
Last checked:
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Last updated Nov 7, 2024
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MLS# OC24117477 —
The Building
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Year Built:1979
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Year Built Source:Builder
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New Construction:No
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Entry Level:1
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Common Walls:1 Common Wall
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Building Area Total:2058.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:3
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Stories Total:2
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# of Separate Gas Meters:2
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# of Separate Water Meters:2
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# of Separate Electric Meters:2
Interior
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Levels:Two
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Entry Location:1
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Laundry:Outside
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Laundry:1
Location
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Directions:Balboa Blvd. towards the middle of peninsula. Cross Streets: Medina
The Property
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Property Type:Residential Income
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Subtype:Duplex
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Lot Features:Level with Street
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Lot Size Area:2705.0000
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Lot Size Acres:0.0621
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Lot Size SqFt:2705.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:4
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Tax Census Tract:628.00
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Tax Tract:510
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Tax Lot:3
The Listing
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Special Listing Conditions:Standard
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Parcel Number:04809114
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Showings Begin:2024-06-10
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Balboa Peninsula (Residential) (BALP)
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Subdivision:Balboa Peninsula (Residential) (BALP)
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Senior Community:No
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Features:Curbs
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:3.00
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Garage Spaces:2.00
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Carport Spaces:1.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/17/24
Jul 17, 2024
|
Sold | CRMLS_CA | $2,655,000 | -5.2% |
|
6/28/24
Jun 28, 2024
|
Pending | CRMLS_CA | $2,800,888 | |
|
6/26/24
Jun 26, 2024
|
Price Changed | CRMLS_CA | $2,800,888 | -6.3% |
