603 E Balboa Boulevard
Newport Beach, CA 92661
MLS #LG16707164

Commercial
  • 2,480sq ft
$2,495,000
Est. P&I payment: $9529.21/mo
603 E Balboa Boulevard, Newport Beach, CA 92661
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Description for 603 E Balboa Boulevard, Newport Beach, CA 92661
A one of a kind 3 story live/work space in the heart of Balboa, with amazing views of the ocean, bay, Balboa Pavilion and the sparkling lights across the water. This unique contemporary building features retail space and garages for 6 cars on the ground floor. Live and work just steps from restaurants, shopping, beachside activities, the Balboa Pier, the historic Newport Pavilion, and the charming Balboa Ferry. The top two floors consist of a 3 bedroom, 3 bath home with two fireplaces and indoor and outside staircases, flexible floor plan and expansive decks off of both levels to enjoy the panoramic vistas and ocean breezes. So many uses- ideal for an owner/user as a full time home above your business, a perfect beach getaway or a short or long term rental with lots of upside potential. Projected rent of $7000 for residence, $2200 retail/office. This is ideal for an owner/user- as a full time home above your business or the perfect beach getaway, just steps to all Balboa has to offer! Built in 1991, this is the first time on the market, and a rare find! Please call today for further information or to arrange a private showing.
MLS #LG16707164
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My Notes for MLS #LG16707164

General Features

  • Building Status: Existing
  • Condo Area: 1,920
  • Condo Area Units: Square Feet
  • Land Use: Multi-Family,​Retail
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Property SubType: Mixed Use
  • Property Type: Commercial Sale
  • Year Built: 1991
  • Year Built Source: Builder
  • Zoning: MU-V

Exterior Features

  • Construction Materials: Stucco
  • Parking Total: 1
  • Roof: Shingle
  • Sign On Property YN: 1
  • Signage: Sign on Building
  • Stories Total: 3
  • Uncovered Spaces: 1
  • Waterfront Features: Across the Road from Lake/Ocean,​Beach Access,​Ocean Access,​Ocean Side of Freeway,​Ocean Side Of Highway 1

Interior Features

  • Building Features: Living Quarters
  • Retail SqFt: 560

Utility Features

  • Electric: 220V In Garage,​220V In Kitchen
  • Heating YN: 1
  • Heating: Central Furnace
  • Cooling YN: 1
  • Laundry Features: Gas & Electric Dryer Hookup,​Inside,​Washer Hookup
  • Security Features: Carbon Monoxide Detector(s),​Smoke Detector
  • Utilities: Phone Connected,​Sewer Connected,​Water Connected
  • Water Source: Public

Financial Features

  • AssetClass: Retail,​Specialty
  • Current Financing: None
  • Insurance Expense: 1,944
  • Investment Property YN: 1
  • Legal Accounting Expense: 550
  • Maintenance Expense: 1,602
  • Other Expense: 165
  • Price Per SqFt: 1,006.05
  • Real Estate Tax Expense: 8,544
  • Tax Rate: 1.02
  • Total Expenses: 12,805
  • Total Monthly Rent: 5,059

Miscellaneous Features

  • Building Area Total: 2,480
  • Building Area Units: Square Feet
  • Days On Market: 353
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard

Location

 
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Directions to 603 E Balboa Boulevard, Newport Beach, CA 92661
Balboa Blvd to Palm street. Second building on right.
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P&I Payment $9529.21
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 09/21/2017 at 8:43am
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