NOT LISTED FOR SALE
2 Beds
2 Baths
2,696 Sq Ft
2,614 Sq Ft Lot

Last Sold March 11, 2014

Last sale price $1,350,000 $501 Per Sq Ft

4 Days on Market

Highlights

  • Bay View
  • Primary Bedroom Suite
  • Cape Cod Architecture
  • Newport Elementary School Rated A
  • Dual Staircase
  • Retreat

About This Home

As of March 2014

This Balboa Peninsula duplex located only steps from the beach and bay is an excellent investment opportunity with two high income producing units. This approximately 2,600 square foot Cape Cod property has downstairs and upstairs units. The immaculate downstairs unit is light and bright with two bedrooms, two bathrooms plus a separate office/den which could also be converted to a bedroom. The quaint kitchen has granite countertops opening to a shared living/dining area with a beautiful flagstone fireplace and patio. The upstairs unit with bay and Fashion Island views boasts a third story master retreat and spacious deck plus two additional bedrooms and a bathroom on the main level. The main level has two additional large decks, one in the rear bedroom and one in front connecting to the living area. Both units have high ceilings, a two car attached garage with laundry area. Just blocks away from the Ferry, Fun Zone and restaurants, this is a great property by the beach, to live in one unit and rent the other or simply rent both!

Last Agent to Sell the Property

Heather Kidder

Arbor Real Estate License #01187466 Listed on: 01/13/2014

Arbor Real Estate

Co-Listed By

Stephanie Lowe

Compass License #01118318

Last Buyer's Agent

Tim Smith

Coldwell Banker Realty License #01346878

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 2,614 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Cape Cod Architecture
  • Entry on the 1st floor
  • Additions or Alterations
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,696 Sq Ft Home
  • 3-Story Property
  • Dual Staircase
  • Wainscoting
  • Beamed Ceilings
  • Two Story Ceilings
  • Ceiling Fan
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Den
  • Bay Views
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Retreat
  • Primary Bedroom Suite
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Tankless Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 5
  • Tax Tract Number 515
  • Assessor Parcel Number 04727331

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,300
  • Net Operating Income $63,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Zoning: R2
  • Architectural Style: Cape Cod
  • Property Condition: Additions/Alterations
  • Property Type: Residential Income
  • Parcel Number: 04727331
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Beamed Ceilings, Balcony, Ceiling Fan(s), Granite Counters, High Ceilings, Living Room Balcony, Living Room Deck Attached, Tile Counters, Two Story Ceilings, Unfurnished, Wainscoting
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 500.74
  • Room Type: Den, Living Room, Master Bedroom, Master Suite, Retreat
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting
  • View: Bay
  • Builder Name: Unknown
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Door Opener, Private, Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Disposal, Gas Cooktop, Tankless Water Heater
  • Heating Type: Central, Forced Air
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 5300.00
  • Gross Scheduled Income: 63600.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 2614.0000 Square Feet
  • Net Operating Income: 63600.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 5300.00

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 515
  • Tax Year: 2012

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
03/11/2014 03/11/14 Sold $1,350,000 +3.9% $501 / Sq Ft
01/17/2014 01/17/14 Pending -- -- --
01/13/2014 01/13/14 For Sale $1,299,000 -- $482 / 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: NP14007812

California Regional Multiple Listing Service (CRMLS)

APN: 047-273-31