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  • Status:Active
  • Square Foot:2,480
  • Lot Size:0.05 Acres
  • Community:Balboa Peninsula
  • Zip Code:92661
  • Property Type:Residential Income
  • List Date:Sat, Oct 22 2016

Property Description

A rare 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. The top two floors consist of a 3 bedroom, 3 bath home with two fireplaces, indoor and exterior staircases, a flexible floor plan and expansive decks off of both levels to enjoy the panoramic vistas and ocean breezes. Live and work just steps from restaurants, shopping, beachside activities, the Balboa Pier, the historic Newport Pavilion, and the charming Balboa Ferry. 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. Just steps to all Balboa has to offer! Built in 1991, this is the first time on the market, and a rare find. Call for a private showing or more information regarding this one of a kind jewel!

Property Details

Essential Information

  • MLS #LG16712340
  • Price$2,495,000
  • Square Footage2,480
  • Acres0.05
  • Year Built1991
  • TypeResidential Income
  • StyleContemporary
  • StatusActive

Amenities

  • Parking Spaces7
  • # of Garages6
  • Is WaterfrontYes
  • WaterfrontLot is Across the Road from Lake/Ocean, Ocean Side of Freeway, Ocean Side of Highway 1

Exterior

  • Lot DescriptionLot Shape-Rectangular, Lot-Level/Flat, Near Public Transit, Park Nearby
  • RoofShingle
  • FoundationConcrete Slab

Listing Details

  • Listing AgentVictoria Lee
  • Listing OfficeHom Sotheby's International Re

Community Information

  • Address603 E Balboa Boulevard
  • AreaBalboa Peninsula
  • SubdivisionBalboa Peninsula
  • CityNewport Beach
  • CountyOrange
  • StateCA
  • Zip Code92661

Interior

  • AppliancesNone, Dishwasher, Garbage Disposal, Gas Stove, Gas Water Heater, Microwave
  • HeatingForced Air
  • CoolingCentral A/C
  • FireplaceYes
  • # of Stories3
  • StoriesThree Or More Levels

Additional Information

  • StoriesThree Or More Levels

Price & Status History

Date Details Price Change
Price Reduced (from $2,600,000) $2,495,000 $105,000 (4.04%)

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