Newport Beach Mixed-Use Property Sold - 603 E Balboa Blvd

Posted by Beach Cities Real Estate on Tuesday, November 30th, 2021 at 2:38pm.

A Mixed-Use property in Newport Beach, California has just been sold by Beach Cities Real Estate agent Jim Knoska who represented the seller.  603 E Balboa Blvd, Newport Beach sold for $2,885,000 which closed escrow on 11/22/21.  This was a very unique opportunity of a mixed-use property located very close to the beach and the Newport Beach Pier area.  It was originally listed for sale at $2,950,000 and sold for $65,000 under the original asking price after being on the market for a total of 167 days.  The property was built in 1991 in the Spanish architectural style in the heart of the Balboa Village area.  It consisted of three different levels with a retail or office space and a 6 car parking on the first level, two bedrooms on the second level and a one bedroom on the top level.  One of the biggest selling features was a wonderful roof top deck as pictured below which offered wonderful ocean views.

The Newport Beach area offers a wide range of income property that tend to be located on the Balboa Peninsula area.  This is a popular area for residents and tourists visiting Newport Beach due to the close proximity to the beach and the Newport Bay.  In fact, it's easy to go to the beach from the bay in just a matter of minutes.  This area is also filled with a wide variety of restaurants, shopping and beach activities at the area called the Balboa Fun Zone.  If you ever have a chance to come to this area make sure to take the Newport Bay boat tour as it visits many of the most expensive homes and neighborhoods along the water in this area.  Jim Knoska is a local Newport Beach agent who specializes in selling homes along the coast.  For professional representation please contact Jim at 949-547-1820 today.

603 E Balboa Blvd, Newport Beach

603 E Balboa Blvd, Newport Beach

603 E Balboa Blvd, Newport Beach

603 E Balboa Blvd, Newport Beach

603 E Balboa Blvd, Newport Beach

603 E Balboa Blvd, Newport Beach

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Newport Beach 4103 Seashore Drive

$8,500,000

$8,500,000
Baths
211 Days On Market

Newport Beach 337 E Bay Front

337 East Bayfront presents a rare opportunity to own a rare bayfront duplex on “Little Balboa Island.” The property comprises two spacious units with sensational views, a shared dock with easy access to the harbor entrance, and approximately 3,300 square feet of interior living space. One of the little island’s tallest properties, this duplex is a blank canvas for investors, developers, or buyers looking for a resort-inspired vacation home. The property offers 30 ft of bayfront exposure with an oversized ground level patio, perfect for entertaining. The front residence consists of 2 bedrooms and 3 bathrooms on three levels with expansive floor to ceiling windows showcasing the bay. A ground level bonus room off of the patio adds additional living space. The rear apartment is a large 2-bedroom 2-bathroom with a lot of windows bringing in light and city views. The dedicated dock for this property is 20 ft long and has rights to an additional shared middle boat space with the neighbor next door. This prime duplex is the perfect setting to enjoy scenic views, all while being located near some of the best shopping, dining, and attractions Newport Beach has to offer. Water activities, your personal bay beach, and strolling the Island’s boardwalk are right outside of your front door. Buyers are to conduct their own investigations to verify square footage and City rules regarding renovation/remodel.$5,995,000

$5,995,000
Baths
11 Days On Market

Newport Beach 212 Garnet Avenue

FRONT HOUSE: One of Balboa Islands Finest Duplexes, located on one of the quieter streets, this beach close income property offers the investor an extraordinary opportunity. The front house, with three bedrooms and three full baths, bonus area off the roof deck and three full bathrooms, features beamed ceilings and living room fireplace. Home provides a lot of light due to windows and skylights all around. Living room offers Smart Samsung framed picture TV's, built-in's around fireplace. Chef's Kitchen complete with bar stool seating and granite counter tops. main floor bedroom, oversized Master with sunny balcony, a secondary ensuite guest bedroom and a third floor rooftop deck that offers bonus room with closet can be used as fourth sleeping area, office or reading room. Large brick front patio Bay views, perfect for entertaining and family gatherings. BACK UNIT:The Coastal vibe, professionally designed and upgraded Back Unit includes a 2 Br + Loft, upgraded with all the designer touches, fireplace, inside laundry, custom cabinetry, top of line appliances and much more. This special property comes with short term rental license and can be used as large family home or two very productive rental income sources.$4,395,000

$4,395,000
Baths
22 Days On Market

Newport Beach 114 41st Street

$4,350,000

$4,350,000
Baths
211 Days On Market

Newport Beach 1237 W Balboa Blvd

Welcome to Newport Beach! VIEWS & INCOME- This is an investors dream! 2 units on 1 offering you stunning views, beautiful living space and a well established revenue stream. The lower floor featuring a 3 bed/2 bath unit A currently rented. The above unit B /main level features 3 bed/2.5 bath, and elevator access from the garage to each floor. Parking for 4 cars is tandem on each side. This spectacular open and bright three-story property is ready to be lived in year-round or utilized as an income property. Sewer: Sewer Connected Unit 1 Parking Spaces: 0 Unit 2 Parking Spaces: 0 Unit 3 Parking Spaces: 0 Unit 4 Parking Spaces: 0 Number of Furnished Units: 1 Frontage: Ocean/Sand$3,999,999

$3,999,999
Baths
9 Days On Market

Newport Beach 210 Collins Avenue

This charming Balboa Island duplex is ideally situated on a wide, quiet street in the heart of the island. Extensively renovated, the property maintains the quintessential beach cottage-feel with all the modern amenities. The front home includes three bedrooms, two baths, large open patio, and welcoming living room with fireplace. A Dutch front door opens to the relaxing patio space inviting the ocean breezes into the bright and airy interiors. Impeccable and detailed upgrades throughout include wide-plank floors and custom wood and tile work. The beautifully remodeled kitchen features quartz counters, beverage bar with wine fridge and ice maker, as well as built-in banquets. A luxurious master bedroom includes an ensuite bath with Walker Zanger tile and walk-in shower. The rear apartment has a large living room, dining area, vaulted ceilings, bedroom suite, and a private upper level patio. This unique property also includes newer windows, doors, and roof, front unit A/C, two-car garage, custom window coverings, and security system. Offering multiple opportunities for a owner occupied front unit with income from the apartment, or an investment opportunity for seasonal or yearly rents, this turnkey property is move-in ready.$3,795,000

$3,795,000
Baths
17 Days On Market

Newport Beach 115 34th Street

Well maintained, third from sand, property on a larger 3,049 sq ft lot. Largest Oceanaire model with 3,656 sq ft of living space. Lower unit #A is 3 bed 2 baths and the upper unit #B is 4 bed 3 baths. Rooftop deck and central air conditioning throughout. Shared laundry room. Side of the property has always been used as a parking driveway along with a two car garage with storage lockers. Latest interior remodels were done in 2017 for unit #A and 2018 for unit #B. All exterior trim was repaired/replaced and completely painted in 2021. Both unit are currently being rented as short term rentals with excellent booking history. This property comes fully furnished and is a turn key income investment or use it as your own paradise home. Verify with the city for transfer of short term rental permits. Quoted square footed per tax records.$3,750,000

$3,750,000
Baths
18 Days On Market

Newport Beach 6301 Seashore Drive

One house from the sand. Rare property layout. Mirror image units in duplex, each 1500 sf unit consists of 3 bedrooms, each has a master bedroom on second level, 3 baths, 3 car garage (total of 6 garages), upper and lower deck/patio areas. Open floor concept. Partial ocean views from 6301 unit. Large storage areas in center of duplex, allowing each side additional space for storage. No shared walls between units. Large walk in closets in every bedroom. Space in what used to be a sauna in garage, near washer and dryer hook ups. Higher roof height than most nearby homes. On the less traveled side of town near the Huntington Beach Border, easy in and out with direct access to PCH. Nearby Greenbelt, 2 Pay Parking Lots, Unofficial Dog Beach, Tennis Courts, Bike Lane, Restaurants and Convenience Stores. Long Term tenants in property with great rental history. Rents are currently under market value. This property could also be converted to seasonal or short term rental. Live in one unit and rent the other side. So many possibilities.$3,750,000

$3,750,000
Baths
77 Days On Market

Newport Beach 128 39th Street

Opportunity is knocking! Priced significantly below recent appraised value, this adorable California Mission-style bungalow is just steps from the sand and surf in popular West Newport Beach! Completely remodeled R-2 property that can live like a single family with an upper income unit at the rear of the property. Charming three bedroom, two bath front unit accented by hardwood floors, separate dining area, upgraded kitchen and large sunny front patio with views to the water. Cozy upper two bedroom, one bath unit with open living, dining and kitchen areas highlighted by travertine stone floors, granite counters and custom tile work throughout. Adjoining terrace perfect for al fresco dining and taking in the sights! There is also a separate inside laundry area for both units and a large two car attached garage. With a solid vacation rental history in excess of $100k per year this is a great income opportunity equally well-suited for an owner to enjoy as a weekend retreat at the beach. Alternatively rent weekly in summer months and monthly during winter...the best of both worlds! A property full of possibilities for anyone wanting a carefree investment with easy access to one of the favored beaches and surf spots along the Southern California coastline.$2,950,000

$2,950,000
Baths
76 Days On Market

Newport Beach 319 Montero Street

One-of a kind home located just steps to the beach on Balboa Peninsula. This unique home is an excellent property for a multi generational living or income property living. Recently renovated, the main level offers new vinyl plank floors and fresh paint throughout. The remodeled kitchen is well-appointed with fresh white cabinets, quartz counters, stainless steel appliances and a breakfast bar that opens to the dining area. Also featuring two spacious bedrooms and two remodeled bathrooms. Enjoy a charming front patio and a convenient two-car attached garage. Over the garage, is a second unit with it's own private entrance featuring vinyl plank floors, large, light-catching windows, with 2 bedrooms/office that can be used as a second bedroom and a full bathroom. Enjoy local shopping, dining and entertainment options, walking distance to the "FUN ZONE' on the Peninsula, as well as steps to one of the only local secret public beaches, which has a private feel. Don't miss this amazing opportunity to live on a great street on the Peninsula!$2,499,999

$2,499,999
Baths
10 Days On Market

Newport Beach 514 W Balboa Boulevard

Magnificent mix use building in prime Newport Beach peninsula. Only steps to the beach and bay in a most coveted neighborhood. First commercial level is a fully renovated restaurant with permitted patio leased at $4,500 until June 2023. Can also be modified into two NNN rentals. There is also three separate one car garages for each tenant. Second residential level consists of two furnished units rented month to month, 2 bedroom one bath at $3,600 (was rented for $3200) and a one bedroom one bath at $2,600 per month. Third level consists of a very large shared rooftop deck with some beach and city views.$2,499,000

$2,499,000
Baths
138 Days On Market

Newport Beach 1917 W Balboa Boulevard

Newport Peninsula classic beach duplex. Centrally located just three rows of homes from the sand and three blocks from Newport pier, restaurants, gift shops and great night life. Down stairs unit has a 1 bedroom, 1 bath and a two car garage. Upstairs unit has 2 bedrooms and 1 bath. Upgraded with a Tankless water heater. Both units are currently operating as vacation rentals and each has a short term lodging permit. Perfect opportunity for new owner to occupy one of the units and rent the other or for brand new construction.$2,370,000

$2,370,000
Baths
111 Days On Market

Newport Beach 110 E Bay Avenue E

Located in one of the most desirable destinations in Newport Beach, only steps from the beach and bay, 110 E Bay Ave. is your opportunity to own an original cottage/duplex on the Balboa Peninsula. Owned by the same family for over 60 yrs. this property allows you to reap the benefits of instant and reliable income while enjoying the beach lifestyle for yourself if you so choose. The front unit embodies (1) two-bedroom, one-bathroom, country style kitchen with private laundry, a bright sunny living room with a patio terrace and pleasing views of the quaint tree lined street. The upper/rear unit offers elevated views of the street, 2 bedrooms-2 baths recently upgraded, private laundry and a living room with its own cozy fireplace. Its perfect for an owner / resident to live in while enjoying the income of the front unit. And end-user, spec builder, or investor may want to tear down this prime corner lot location and build a SFD with an ADU attached. You could pull a beautiful bay view from a roof top deck , while soaking in a hot tub or sitting by a fire pit, the possibilities are endless to make summer generational memories. Walking distance to the beach, bay, restaurants, boutiques, and world famous Wedge surf spot, this property offers the quintessential Newport lifestyle. The Balboa Peninsula is famous for its iconic festivities, including the Christmas Boat Parade, 4th of July parade and fireworks. Close to the new Marine Park, jump on the ferry to Balboa Island to stroll, shop, or grab a leisure bite at one of their several cafe’s or get a world famous BALBOA BAR. This is a rare chance to place your stake amongst some of the most prized and sought-after real estate in the world.$2,350,000

$2,350,000
Baths
10 Days On Market

Newport Beach 1805 Clay Street

Triplex located on beautiful tree lined Clay Street in prestigious "Newport Heights". This investment property consists of 3 two bedroom/ 1bath units. One unit has been upgraded. Each unit comes with a 1 car garage, community laundry room and shared outdoor space. This property is in a prime neighborhood of Newport Beach just minutes away from the beach, shopping and restaurant options off 17th street and PCH. This is a very rare opportunity to invest in one of the best spots!$2,242,200

$2,242,200
Baths
7 Days On Market

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