The median home value in Newport Beach, CA is $2,880,000.
This is
higher than
the county median home value of $900,000.
The national median home value is $308,980.
The average price of homes sold in Newport Beach, CA is $2,880,000.
Approximately 53% of Newport Beach homes are owned,
compared to 35.5% rented, while
11.5% are vacant.
Newport Beach real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Newport Beach real estate agent to arrange a tour today!
Learn more about Newport Beach.
Ask about the assumable note. 10 Profitable rental units! This is a rare investment opportunity, located oceanfront on the Balboa Peninsulabetween the pier and the wedge. You will not find another oceanfront investment opportunity on the Peninsula with 10 units at this price. Theproperty comes with short term rental permits, the current waiting list for permits it's 100's deep. The units are furnished, professionally designed,recently remodeled, and fully operating. Stop into a fully operating successful vacation rental, earning income day one. Four of the units featureunobstructed panoramic views of the ocean, Catalina and sunsets. Enjoy all oceanfront living on the Peninsula has to offer including the beach, thewaves, beautiful sunsets, the pier and park. Ample entertainment options like the Balboa Fun Zone, ferry to Balboa Island, shops and greatrestaurants are just a short walk away. Your own porch right on the beach, ocean view of the world famous wedge to the Balboa Pier, you can'tbeat this location. Boogie board, surf, bike, stroll the pier and boardwalk, play at the oceanfront park and grab a coffee at one of the many cafes.There are three driveway parking spots and a coin operating inside the laundry room for the tenants.
A rare and unparalleled opportunity arises with the offering of Sugar n' Spice, an enduring symbol of Balboa Island's rich history and community spirit. Established in 1945, this beloved property has stood the test of time, serving as a beacon of nostalgia and culinary delight for nearly eight decades. From its humble beginnings, Sugar n' Spice has woven itself into the fabric of the island, becoming a cherished destination where locals and visitors alike gather to indulge in its signature treats, including Balboa Bars and chocolate-dipped frozen bananas.Beyond its culinary offerings, Sugar n' Spice holds a special place in the hearts of the community, serving as a backdrop for countless memories and shared experiences. Generations of families have frequented this beloved landmark, forging connections and traditions that span lifetimes. With its timeless charm and storied history, Sugar n' Spice presents a unique opportunity for discerning buyers to own a piece of Balboa Island's heritage and continue the legacy of this treasured establishment. The property is mixed-use and offers a great residential unit in the rear of the building. Recent visual upgrades for this expansive three-bedroom and two-bathroom property include new paint, new lighting, new luxury vinyl plank flooring and a new roof. Things that are important also to a prospective Buyer that you might not see are the hardware & lining of the wastewater pipes were replaced and redone, as well as newly replaced drainage pipes in the front shop were also recently completed. The property is being sold in conjunction with the sale of the business through a private attorney.Both the front shop and back unit are both used by the current owner, so there is no lease history. However, based on the comparables on Marine, the current back residential could rent for $4850/month. The last commercial lease on BBI on Marine was at $15.29/square foot, comping this out at $6000/month for the front shop.
This landmark mixed-use property in a prime Newport Beach location includes a commercial condo (formerly occupied by a prestigious law firm) and 2 residential condos with panoramic ocean and coastal views. All 3 units are condo mapped with separate Assessor Parcel Numbers (APN) and are separately metered for gas, electric and water. The street frontage offers ample signage opportunities especially from high traffic Newport Blvd. The commercial space at 326 Old Newport Blvd features a gated parking garage (11 parking spaces per Newport Beach Planning), elevator, A/C, granite and upgraded wood floors and is currently configured with offices, glass-walled conference room, kitchenette, two restrooms and storage rooms. The commercial space will be delivered vacant. The residential units located at 321 & 323 Holmwood Dr - are each 2 bedroom, 2 bath condos with private 2 car garages and are over 1350 sqft each. The updated units feature panoramic ocean view balconies, A/C, in unit laundry room. This prime Newport Beach location is directly next to the new USC Keck Medical Center and across the street is award-winning Hoag Hospital Newport Beach. Newport Beachs fine dining, shopping, entertainment, beaches and bay are a moment away.
Copyright © 2024 SmartSites.org .
Website designed by Constellation1, a division of Constellation Web Solutions, Inc.