$2,655,000
$2,800,888
5.2%For more information regarding the value of a property, please contact us for a free consultation.
2,705 Sqft Lot
SOLD DATE : 07/17/2024
Key Details
Sold Price $2,655,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID OC24117477
Sold Date 07/17/24
HOA Y/N No
Year Built 1979
Lot Size 2,705 Sqft
Property Description
Reduced for quick Sale! Location, Location, Location! ! Steps to Beach & Bay! WITH TRANSFERRABLE SHORT-TERM RENTAL PERMIT. Don't miss this rare opportunity to own a turn-key, high-demand, short-term rental business and.vacation home, ideally located at center of the Balboa Peninsula, steps to one of the best beaches in Southern California and beautiful Balboa Bay! Use this duplex for two short-term rental units for high revenue and profit. Or live in one and rent the other for income! There’s a bonus studio apartment with a separate entrance for extra living space. Nestled between the harbor and the coast, a short walk to Main Street, the Balboa Pier and Fun Zone, and only one block to the famous Balboa Peninsula Beach and boardwalk, it’s the perfect stay for short- or long-term. This property has averaged $150K in gross revenue annually for the last three years, not including the bonus studio apartment used for family and friends. Looking for a great business? Your calendar is constantly filled with high-quality short-term renters and consistently positive reviews. Looking for retirement lifestyle? You’ll be steps away from restaurants, shops, services, the Balboa Island Ferry, and the “beach life” you dream of. The three-bedroom, two-bath apartment with a recently updated bathroom upstairs includes indoor and outdoor front and back porches. Downstairs is a two-bedroom, one-bath with a recently updated kitchen and bathroom. Both apartments have new (2023) split-system HVAC (an essential feature for short-term rentals). The studio has a separate side entrance. A two-car garage and a carport give three spaces for off-street parking. The surrounding streets have ample unmetered street parking when needed for additional guests.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Fireplace No
Laundry Outside
Exterior
Garage Spaces 2.0
Carport Spaces 1
Garage Description 2.0
Pool None
Community Features Curbs
Total Parking Spaces 3
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 04809114
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Jodi DiTolla • DiTolla Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States