Discover a fantastic 4-unit mixed-use residential and commercial property in the vibrant heart of Newport Beach Peninsula. This prime location features two charming residential units upstairs and two bustling retail spaces downstairs, currently leased to a popular salon and barbershop. Just a short stroll from the beach, an array of restaurants, entertainment options, and boutique shops, this property offers the perfect blend of convenience and coastal living.
All renters are on a flexible month-to-month basis, providing versatility for potential owners. The property also includes two one-car garage spaces and a convenient laundry room on the ground floor. Reroofed in 2021, Balcony waterproofing in 2024. Don’t miss this opportunity to invest in a thriving community!
Sold for $2,330,000 on 02/14/25
Listing Provided by:
MICHAEL TRUONG DRE #01982805 909-990-8855,
THE HILLCREST TEAM
Bought with: Compass
$2,330,000
512 W Balboa Blvd, Newport Beach, CA 92661
3beds
4baths
2,482sqft
Mixed Use
Built in 1960
-- sqft lot
$2,386,400 Zestimate®
$939/sqft
$7,390 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 18, 2025 at 01:51pm
Listing Provided by:
MICHAEL TRUONG DRE #01982805 909-990-8855,
THE HILLCREST TEAM
Bought with:
D. Timothy Byrne, DRE #01186465
Compass
Source: CRMLS,MLS#: WS24205398
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,482
- Total interior livable area: 2,482 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Front/Side
- Pool features: None
Lot
- Size: 2,178 sqft
- Features: Walkstreet
Details
- Parcel number: 04807109
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Street Lights, Sidewalks
Location
- Region: Newport Beach
- Subdivision: Balboa Peninsula (Residential) (Balp)
Other
Other facts
- Listing terms: Cash,Cash to New Loan
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Estimated market value
$2,386,400