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Keith Nichols

Keith Nichols
Sells Orange County
Huntington Beach, CA

714-417-1363
Contact Me
DRE #01050395

Contact Me





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Listing 14 out of 429
$2,195,000 For Sale

218 E Balboa Boulevard
Newport Beach, CA 92661

2 units | Multi Family Home
2614 sq ft - MLS# OC19044524
Property Photo
1/25

Description

ZONED FOR SHORT TERM RENTALS! This well appointed duplex on the Balboa Peninsula has ocean views, phenomenal curb appeal and is just 300 feet from the beach and a quick walk to the Fun Zone and pier. Upstairs is the perfect "owner occupied" unit with an open floor plan, updated kitchen with pantry, center island, breakfast nook, formal dining room and French doors off the den that open to a fantastic view of the sand and water. With a total of 1,741 SF, this unit offers 4 large bedrooms (including the master suite with dual sinks and vanity table in the updated bath), an additional bathroom, beveled glass dual pane windows that flood the space with natural light, and vaulted ceilings. Downstairs you will find an additional 1,202 SF unit with private entry and patio, consisting of 3 bedrooms and 2 baths, full kitchen, gas appliances and high efficiency windows. Both units are equipped with their own washer/dryer, central AC and ceiling fans throughout. See Supplementals for City of Newport Beach zoning information on short-term rentals. *Upstairs formal dining room was originally a 4th bedroom. A closet has been added and it can be easily converted back to a bedroom by adding drywall on one wall above the existing pony wall.*

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92661
  • Year Built: 1972
  • Subdivision/Neighborhood: Balboa Peninsula (Residential) (Balp)
  • Stories: Two
  • Units: 2 units
  • # of Parking Spaces: 2.00
  • Fireplace: Living Room, Yes
  • Lot Size: 2614 sq ft
  • View: Bay,Ocean, Yes
  • Area: NP - Balboa Peninsula
  • Appliances: Dishwasher, Energy Star Appliances, Garbage Disposal, Gas Oven, Gas Water Heater, Range/Stove Hood, Vented Exhaust Fan
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2816.00
  • Building Area Units: Square Feet
  • Community Features: Curbs, Sidewalks
  • Cooling: Central, Dual, Electric
  • Cooling YN: Yes
  • Country: US
  • Directions: Home is on the corner of E. Balboa Blvd and Coronado
  • Door Features: French Doors
  • Electric: Standard
  • Flooring: Concrete, Tile, Wood
  • Foundation Details: Slab
  • Garage Rental Rate: 300.00
  • Garage Spaces: 2.00
  • Gross Income: 109200.00
  • Gross Scheduled Income: 109200.00
  • Heating: Forced Air, Natural Gas
  • Heating YN: Yes
  • Insurance Expense: 700.00
  • Interior Features: Beamed Ceilings, Built-Ins, Cathedral-Vaulted Ceilings, Ceiling Fan, Open Floor Plan
  • Laundry Features: Inside
  • Laundry YN: Yes
  • Listing Agent License: 01966652
  • Listing Office License: 01925726
  • Lot Dimensions: 30X80
  • Lot Features: Corner Lot, Level with Street, Sprinkler System
  • Lot Size Area: 2614.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 99977.00
  • Number Of Buildings: 1
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 9923.00
  • Property Condition: Turnkey
  • Road Surface Type: Alley Paved, Paved
  • Roof: Composition
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Expenses: 9223.00
  • Trash Expense: 30.96
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: 792.84
  • Water Source: Public
  • Window Features: Energy Star Windows
  • Year Built Source: Assessor
Courtesy of Villa Real Estate, Jennifer Frazier

Keith Nichols | 714-417-1363 | Contact Me
Huntington Beach, CA 92646
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