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421 E. Balboa Blvd

Newport Beach, CA 92661

– beds
– baths
– sqft
3,049 sqft lot
1972 build
– on site

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Outstanding investment opportunity in the "Balboa Fun Zone" BTV. Each unit boasts 3 beds and 1 3/4 baths with 1250 room sqft BTV. Upstairs unit has been remodeled with open kitchen and vaulted ceilings. Both units show well and are ready for owner user or tenants. 3 car attached garage in a parking starved community!!! Seller has conducted a pre-sale general inspection which is included in MLS supplements. Top unit is rented on a month to month basis, bottom unit is currently being used for showing purposes. Single water meter, which owner pays. Separate electric and gas meters, which are paid for by tenant. Buyer is advised to check with city for the opportunity to add a 3rd level to this 2 story structure for potential views and additional income. Property is being sold as-is in it's present condition.

Listed By CRMLS_CA / Gary Kooba / Vista Sotheby’s International Realty / 310-722-2007

Last checked: Checking… • Last updated Nov 19, 2024 •

MLS# SB23130417 —

The Building

Year Built:

1972
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Drywall Walls, Stucco
Architectural Style:

Traditional
Roof:

Composition
Exterior Features:

Rain Gutters
Entry Level:

1
Foundation:

Slab
Common Walls:

No Common Walls
Building Area Total:

2500.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

2
Stories Total:

2
# of Separate Gas Meters:

2
# of Separate Water Meters:

1
# of Separate Electric Meters:

2

Interior

Levels:

Two
Entry Location:

ground
Window Features:

Screens
Flooring:

Carpet
Fireplace:

No
Fireplace:

None
Laundry:

In Garage
Laundry:

1

Location

Directions:

Newport Blvd then South on Balboa Blvd
Latitude:

33.60272000
Longitude:

-117.90162500

The Property

Property Type:

Residential Income
Subtype:

Duplex
Property Condition:

Updated/Remodeled
Lot Features:

0-1 Unit/Acre
Lot Size Area:

3049.0000
Lot Size Dimensions:

30 x 95
Lot Size Acres:

0.0700
Lot Size SqFt:

3049.00
Lot Size Source:

Assessor
Lot Dimensions Source:

Assessor
View:

None
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

4
Tax Tract:

104
Tax Lot:

9

The Listing

Special Listing Conditions:

Standard
Parcel Number:

04812120

Heating & Cooling

Heating:

1
Heating:

Forced Air
Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher
Included:

Yes

The Community

Subdivision:

Balboa Peninsula (Residential) (BALP)
Subdivision:

Balboa Peninsula (Residential) (BALP)
Senior Community:

No
Features:

Fishing, Watersports, Sidewalks, Suburban
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

None, Buyer to Verify

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

3.00
Garage Spaces:

3.00

Extra Units

Average 3 Bed Area:

1250

Explore the Area

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Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/28/23 Nov 28, 2023		BRIDGE	$2,550,000
11/28/23 Nov 28, 2023	Sold Subject To Contingencies	CRMLS_CA	$2,550,000
9/28/23 Sep 28, 2023	Price Changed	CRMLS_CA	$2,550,000	-5.5%

Multifamily Sold on 1/3/2024

$2,350,000

Listing provided by broker:

Gary Kooba

Vista Sotheby’s International Realty

310-722-2007

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Listing Courtesy of: CRMLS_CA and Vista Sotheby’s International Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 11:18 on Nov 22.

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, 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.

421 E. Balboa Blvd

Newport Beach, CA 92661