$2,825,000
SOLD DEC 24, 2024
5 Beds
3 Baths
1,996 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$1,415 Per Sq Ft

6% Below List Price

28 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Laundry Room
  • Central Heating
  • Newport Elementary School Rated A
  • More Than Two Accessible Exits
  • 1-minute walk to Balboa Peninsula Park

About This Home

As of December 2024

Discover the perfect coastal investment opportunity with this charming duplex, ideally located just a block from the beach. This spacious property offers two separate units, making it perfect for both investors and those looking to enjoy the beach lifestyle while generating rental income. The upstairs unit features 3 bedrooms and 2 bathrooms. It also features vaulted ceilings, upgraded surfaces and a private balcony on both the front and rear of the property. The downstairs unit offers 2 bedrooms and 1 bathroom and a private covered patio, making it a cozy retreat with easy access to all the area has to offer. A standout feature of this property is the rare 4-car tandem parking, ensuring convenience for both residents and guests. The lot spans 2,614 square feet, with a living area of 1,996 square feet across both units. Located only feet from the beach, Balboa Pier, Fun Zone, and the ferry to Balboa Island, this duplex offers an unbeatable lifestyle with endless entertainment, dining, and shopping options. Whether you're looking to live in one unit and rent the other, or capitalize on a full rental opportunity, this property is a rare find in a highly sought-after location. Don't miss your chance to own a piece of coastal paradise.

Last Agent to Sell the Property

Troy Seeber

Compass Brokerage Phone: 949-630-8108 License #02002512 Listed on: 11/05/2024

Compass

Co-Listed By

Carter Kaufman

Compass Brokerage Phone: 949-630-8108 License #01968622

Last Buyer's Agent

Troy Seeber

Compass Brokerage Phone: 949-630-8108 License #02002512 Listed on: 11/05/2024

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 2,614 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,996 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Vinyl Flooring

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 3 / 14
  • Tax Tract Number 104
  • Assessor Parcel Number 04814302
  • $528 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Balboa Peninsula Subdivision

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 1497500
  • Property Attached: Yes
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 04814302
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1415.33
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 14
  • Tax Census Tract: 628.00
  • Tax Lot: 3
  • Tax Tract Number: 104
  • TaxOtherAnnualAssessmentAmount: 528.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2024 12/24/24 Sold $2,825,000 0.0% $1,415 / Sq Ft
12/24/2024 12/24/24 Sold $2,825,000 -5.7% $1,415 / Sq Ft
11/05/2024 11/05/24 For Sale $2,995,000 0.0% $1,501 / Sq Ft
11/05/2024 11/05/24 For Sale $2,995,000 -- $1,501 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24227242

California Regional Multiple Listing Service (CRMLS)

APN: 048-143-02