The Balboa Island opportunity you have been waiting for is here! Located on a lot zoned for commercial/residential, this modern duplex sits on only half the lot. SO much potential! Each level has two bedrooms and two full bathrooms with quartz countertops and double sinks, step in showers, upgraded doors, modern finishes and all appliances included. The upstairs unit has a small private balcony off the kitchen. This duplex has energy efficient lighting, plumbing, two tankless hot water heaters, two ring doorbells, owned solar panels and off street parking. There is also an adjacent parking spot behind the duplex, off the alley. Both units share an on-site washer & dyer and there is a shed and under-stairs storage for bikes, beach gear and surfboards. It would make a wonderful (and lucrative) rental property or perfect spot to live and build your own business for the residents of this little island community. Balboa Island hosts parades, festivals, garage sales, parties and community events year round. Your new home is located six units from the sand and on the street of the ferry for convenient access. Come live where others vacation or get paid when they do! Welcome Home Indeed.
Sold for $2,475,000 on 05/01/23
Listing Provided by:
Carly Zamani DRE #02030224 949-232-8211,
Carly Zamani, Broker
$2,475,000
124 Agate Ave, Newport Beach, CA 92662
4beds
1,546sqft
Duplex
Built in 1923
2,614 Square Feet Lot
$-- Zestimate®
$1,601/sqft
$8,398 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 08, 2023 at 02:31pm
Listing Provided by:
Carly Zamani DRE #02030224 949-232-8211,
Carly Zamani, Broker
Bought with:
Richie Dobbs, DRE #01797454
Re/Max First Class
Kelly Arshi, DRE #01032834
Re/Max First Class
Source: CRMLS,MLS#: PW22222474
Originating MLS: California Regional MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 2
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: 6 Burner Stove, Dishwasher, Electric Range, Disposal, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Vented Exhaust Fan
- Laundry: Laundry Closet, Laundry Room, Stacked
Features
- Breakfast Bar, Balcony, Granite Counters, Open Floorplan, Quartz Counters, Recessed Lighting, Storage, Bedroom on Main Level, Main Level Primary
- Flooring: Tile, Vinyl
- Doors: Insulated Doors
- Windows: Blinds, Double Pane Windows, Screens, Tinted Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,546 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Off Street, Oversized, Shared Driveway, Tandem, Uncovered
- Uncovered spaces: 4
Accessibility
- Accessibility features: No Stairs, Parking, Accessible Doors
Features
- Levels: Two
- Stories: 2
- Patio & porch: Rear Porch
- Exterior features: Lighting, Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: None
- Waterfront features: Across the Road from Lake/Ocean, Across the Road Water Frontage, Beach Access, Ocean Access, Ocean Side Of Highway, Seawall
Lot
- Size: 2,614 sqft
- Features: 0-1 Unit/Acre, Paved, Rectangular Lot, Street Level, Value In Land
Details
- Additional structures: Shed(s)
- Parcel number: 05005226
- Zoning: R2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Modern
- Property subtype: Duplex
Materials
- Concrete, Copper Plumbing
- Foundation: Slab
- Roof: Flat
Condition
- Turnkey
- New construction: No
- Year built: 1923
Utilities & green energy
- Electric: 220 Volts in Kitchen, Photovoltaics Seller Owned
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Biking, Curbs, Dog Park, Fishing, Gutter(s), Park, Storm Drain(s), Street Lights, Sidewalks, Water Sports, Marina
Location
- Region: Newport Beach
- Subdivision: Balboa Island - Main Island (Balm)
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
- Road surface type: Alley Paved, Paved