501 Park Avenue
Newport Beach, CA 92662
- – beds
- – baths
- – sqft
- 5,100 sqft lot
- 2015 build
- – on site
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THE PROPERTY: Welcome to your slice of paradise on Balboa Island in Newport Beach! This exquisite property offers an unparalleled opportunity to own a top-performing restaurant with two stunning apartments above, all completely rebuilt to perfection in 2015. THE RESTAURANT: Step into the heart of culinary excellence as you enter the spacious and inviting restaurant and bar area. Bathed in natural light pouring through large windows, this space exudes warmth and charm. With ample room for indoor and outdoor seating and a meticulously designed kitchen equipped with top-of-the-line appliances, it’s a dream canvas for creativity. THE LOCATION Situated in the heart of Balboa Island, this property enjoys a prime location in one of Newport Beach’s most coveted neighborhoods. Surrounded by quaint shops, charming cafes, and scenic waterfront vistas, residents and visitors alike are drawn to the vibrant energy and unparalleled beauty of this coastal community. With easy access to the Balboa Island Ferry, nearby beaches, and an array of recreational activities, the possibilities for adventure and relaxation are endless.
Last checked:
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Last updated Sep 23, 2024
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MLS# OC24090681 —
The Building
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Year Built:2015
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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:No Common Walls
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Building Area Total:5080.00
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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:3
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# of Separate Electric Meters:3
Interior
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Levels:Two
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Entry Location:Front
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Laundry:None
Location
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Directions:Corner of Park Avenue and Agate near the Balboa Island Ferry
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Latitude:33.60652100
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Longitude:-117.89727000
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Lot Features:Corner Lot
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Lot Size Area:5100.0000
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Lot Size Acres:0.1171
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Lot Size SqFt:5100.00
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Lot Size Source:Assessor
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Additional Parcels:Yes
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Additional Parcels Description:05005236
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:99
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Tax Lot:21
The Listing
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Special Listing Conditions:Standard
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Parcel Number:05005235
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Balboa Island - Main Island (BALM)
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Subdivision:Balboa Island - Main Island (BALM)
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Senior Community:No
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Features:Fishing, Watersports
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Pool:None
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Private Pool:No
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Assessments:No
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Assessments:None
Parking
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Parking Spaces:1.00
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Garage 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 |
|---|---|---|---|---|
|
9/20/24
Sep 20, 2024
|
Sold | CRMLS_CA | $4,950,000 | -16.8% |
|
5/6/24
May 6, 2024
|
Listed / Active | CRMLS_CA | $5,950,000 |
