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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

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    $7,390/mo

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    $7,390/mo

    Rent Zestimate®

    Refinance and save

    $14,360/mo

    Est. payment

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    $14,360/mo

    Est. payment

    What's special

    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!

    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#: WS24205398MLS LogoOriginating 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