$3,350,000
$3,100,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
4 Baths
2,000 SqFt
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
Square Footage 2,000 sqft
Price per Sqft $1,675
Subdivision Balboa Island - Main Island (Balm)
MLS Listing ID OC23212713
Sold Date 02/01/24
Bedrooms 3
Full Baths 3
Half Baths 1
Construction Status Fixer
HOA Y/N No
Year Built 1977
Lot Size 2,613 Sqft
Lot Dimensions Assessor
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
Rooms
Other Rooms Guest House
Interior
Interior Features Breakfast Area, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Granite Counters, Multiple Staircases, Sunken Living Room, Unfurnished, All Bedrooms Up, Primary Suite, Walk-In Closet(s)
Heating Forced Air
Cooling None
Flooring Carpet, Vinyl
Fireplaces Type Kitchen, Living Room, Primary Bedroom
Fireplace Yes
Appliance Electric Cooktop, Electric Oven, Gas Cooktop, Gas Water Heater, Water Heater
Laundry In Garage
Exterior
Garage Garage, No Driveway, Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Fence Average Condition
Pool None
Community Features Biking, Curbs, Fishing, Gutter(s), Street Lights, Sidewalks, Water Sports, Marina
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View Peek-A-Boo
Roof Type Flat,Shake
Accessibility None
Porch Brick, Concrete
Parking Type Garage, No Driveway, Garage Faces Rear
Attached Garage Yes
Total Parking Spaces 3
Private Pool No
Building
Lot Description Level, Rectangular Lot, Street Level, Value In Land, Walkstreet
Faces West
Story 2
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Cape Cod, Cottage, Traditional
Level or Stories One
Additional Building Guest House
New Construction No
Construction Status Fixer
Schools
School District Newport Mesa Unified
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