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$3,850,000
61 Days Online

1609 E Balboa Boulevard
Newport Beach, CA 92661

For Sale|Multi-Family|Pending
Subdivision:
Balboa Peninsula Point (Blpp)
County:
Orange
Listed by Giovanne Helou of The Oppenheim Group
Call Now: 949.375.4430
Is this the home for you? We can help make it yours.
949.375.4430
1609 E Balboa Boulevard1609 E Balboa Boulevard1609 E Balboa Boulevard1609 E Balboa Boulevard
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Located in one of the most desirable destinations in Newport Beach, only steps from the beach and bay, 1609 E Balboa Blvd is your opportunity to own the most charming quadruplex on the Balboa Peninsula Point. Meticulously maintained and extensively upgraded last year, this truly exceptional property allows you to reap the benefits of instant and reliable income while enjoying the beach lifestyle for yourself if you so choose. Embodying the perfect coastal chic vibe with (1) two-bedroom, one-bathroom unit, a bonus studio and (3) completely remodeled one-bedroom, one-bathroom units with new wood-planked laminate flooring, custom wainscoting, crown molding, trending barn doors throughout and fireplaces make this property feel like an upscale, elegant and intimate beach retreat. In addition, the fully updated kitchens are guaranteed to impress, with new cabinetry, subway tile backsplash, white-quartz countertops and large farm sinks. Refrigerators, the gas stove/ovens, microwaves and new USB outlets top it all off, while the immaculate bathrooms will leave you feeling blissful. Stay cool and relaxed in the ocean breeze with new windows and custom shades for privacy and comfort. The building also includes an on-site laundry room with two sets of brand new front-load washers & dryers and plentiful storage for your paddleboards and bikes. Three epoxied and redone garages provide additional storage and income opportunity. The spacious and newly furnished front patio is the perfect scene for your summer barbecues and gatherings. Last but not least enjoy peace of mind with a completely new sewer line from the property to the city main, as well as new plumbing and electrical. The property has the potential to gross over $200,000 in short-term rental income. Walking distance to the beach, bay, restaurants, boutiques, and world famous Wedge surf spot, this property offers the quintessential Newport lifestyle. The Peninsula Point is famous for its iconic festivities, including the Christmas Boat Parade, 4th of July parade and fireworks, Friday night potlucks at the private Bay Beach, the private tennis club. This is a rare chance to place your stake amongst some of the most prized and sought-after real estate in the world.

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Listing Snapshot
Price 
$3,850,000
Days Online 
61 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,756 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.06 Acres
Year Built 
1949
MLS Number 
OC21223383
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
10 hours agoListing updated with changes from the MLS
a month agoStatus changed to Pending
2 months agoListing first seen online
General Features
Style 
Cape CodCraftsman
Construction 
Stucco
Parking 
GaragePrivateGarage Faces Rear
Parking Spaces 
3
Sewer 
Public Sewer
Acreage 
0.06
Water 
Public
Accessibility Features 
Safe Emergency Egressfrom Home
Property Sub Type 
Quadruplex
Attached Garage 
No
Utilities 
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Listing Conditions 
Standard
Property Condition 
Updated RemodeledTurnkey
Interior Features
Cooling 
None
Heating 
Wall Furnace
Appliances 
BarbecueConvection OvenDishwasherFreezerDisposalGas RangeMicrowaveRefrigerator
Flooring 
CarpetVinyl
Interior 
BuiltinFeaturesCeilingFansCrownMoldingHighCeilingsMultipleStaircasesOpenFloorplanPantryPanelingWainscotingStoneCountersStorage
Fireplace Features 
Family RoomLiving Room
Laundry Features 
Common AreaInsideLaundry Room
Fireplace 
Yes
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Exterior Features
Spa 
No
Pool Features 
None
Spa Features 
None
Waterfront Property 
No
Exterior 
Barbecue
Lot 
Item25 Units Acre
Road Frontage 
AlleyCity Street
Community Features
Association Dues 
0
Community Features 
BikingCurbsStreet LightsSidewalks
MLS Area 
NP - Balboa Peninsula


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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