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Sold for $2,500,000 on 09/06/22
  • Listing Provided by: 

    Tyler Leeson DRE #01451551 949-419-3200,

    Marcus & Millichap RE Invest

    $2,500,000

    1212 W Balboa Blvd, Newport Beach, CA 92661

    --beds
    --baths
    2,412sqft
    Multi Family
    Built in 1948
    -- sqft lot
    $3,107,600 Zestimate®
    $1,036/sqft
    $7,593 Estimated rent

    What's special

    1212 West Balboa Boulevard is a 3-unit multifamily investment property located on the affluent and highly desirable Balboa Peninsula, one of the premier coastal housing markets in Southern California. Built in 1948 and 1961, 1212 West Balboa Boulevard offers an excellent mix of 1, one-bedroom unit and 2, two-bedroom units. The property features community amenities including 2 single-car garages, 1 surface parking space, and on-site laundry as well as unit amenities including recessed lighting and ceiling fans. All three units were last renovated between 2009 and 2013 and through a unit modernization plan a new owner could achieve substantial rental upside. 1212 West Balboa Boulevard is situated in Newport Beach, just steps from world famous beaches, Newport Elementary School, and the Marina Park Community Center. The property is also located just a short drive from the numerous boutiques, high-end restaurants, and popular entertainment destinations spread across the peninsula.

    Zillow last checked: 7 hours ago

    Listing updated: September 08, 2022 at 08:42am

    Listing Provided by:

    Tyler Leeson DRE #01451551 949-419-3200,

    Marcus & Millichap RE Invest

    Bought with:

    Baylee Leavitt, DRE #02098105

    White Sail Realty

    Source: CRMLS,MLS#: OC22158036MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,412
    • Total interior livable area: 2,412 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage
    • Garage spaces: 2
    • Uncovered spaces: 1
    Features
    • Levels: One,Two
    • Stories: 1
    • Pool features: None
    Lot
    • Size: 3,049 sqft
    • Features: Street Level
    Details
    • Parcel number: 04723413
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1948

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Sidewalks
    Location
    • Region: Newport Beach

    HOA & financial

    Other financial information
    • Total actual rent: 7500

    Other

    Other facts
    • Listing terms: Cash to New Loan,1031 Exchange
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $3,107,600

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $3,107,600