$3,350,000
$3,100,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
2,613 Sqft Lot
SOLD DATE : 02/01/2024
Key Details
Sold Price $3,350,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Island - Main Island (Balm)
MLS Listing ID OC23212839
Sold Date 02/01/24
Construction Status Fixer
HOA Y/N No
Year Built 1977
Lot Size 2,613 Sqft
Property Description
121 Diamond presents today's buyers with various options. The existing duplex could be remodeled and enjoyed for many years to come with either a modest budget or a high end budget. The existing front main home features 2 bedrooms and 2.5 bathrooms, but could be easily converted to a 3 bedroom main home. The rear 1 bedroom unit sits above the 2 car garage and separate parking space facing the rear alley. One could potentially convert the two units into one single family home with 4 or even 5 bedrooms without adding square footage. Alternatively, many buyers are looking for a special lot to tear down the existing building to create the Balboa island home of their dreams from the ground up. Whatever you decide to do with it, you'll love this wonderful location just down the block from the water. Homes in this price point sell instantly, so you'll want to see this one right away. According to City of Newport Beach website: Short-Term Lodging is allowed subject to zoning compliance, but there is not currently an active permit. Both the main home, and the 1 bedroom apartment have fantastic old Newport character and charm, with high vaulted ceilings on the second level.
Location
State CA
County Orange
Area N9 - Lower Newport Bay - Balboa Island
Interior
Interior Features Granite Counters, High Ceilings, Stone Counters, Unfurnished, All Bedrooms Up
Heating Forced Air
Cooling None
Flooring Carpet, Vinyl
Fireplaces Type Dining Room, Living Room, Primary Bedroom
Fireplace Yes
Appliance Electric Cooktop, Electric Oven, Gas Cooktop
Laundry In Garage
Exterior
Garage Garage, Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Fence Average Condition
Pool None
Community Features Biking, Curbs, Gutter(s), Street Lights, Sidewalks, Water Sports, Marina
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected
Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View Peek-A-Boo
Roof Type Flat,Shake
Accessibility None
Total Parking Spaces 3
Private Pool No
Building
Lot Description Front Yard, Rectangular Lot, Value In Land, Walkstreet
Faces West
Story 1
Entry Level Two
Foundation Slab
Sewer Public Sewer, Sewer Assessment(s), Sewer On Bond
Water Public
Architectural Style Bungalow, Custom, Traditional
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 05010221
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Subject To Other
Listing Terms Cash, Cash to New Loan, Subject To Other
Financing Cash
Special Listing Condition Trust
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Bought with Matthew O'Keefe • Compass
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”