$1,860,000
$1,895,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
116 Agate AVE Newport Beach, CA 92662
Key Details
Sold Price $1,860,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Island - Main Island (Balm)
MLS Listing ID NP18144543
Sold Date 07/20/18
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1942
Property Description
WONDERFUL REMODELED BALBOA ISLAND MIXED-USE RESIDENTIAL & COMMERCIAL DUPLEX WITH PARK & BAY VIEWS! Beautifully renovated in 2013, the front cottage offers a sunny and bright living/dining room with beadboard walls, refurbished oak floors, bay window with Bay and Park views, charming tiled kitchen, and two bedrooms + new bath. The front cottage also includes a 2-car epoxy floored garage, separate laundry area and commercial space or storage unit on the first level. The rear cottage offers hardwood floors throughout, cozy living room, galley kitchen, 1 bedroom and bath plus large patio. Additional circa 2013 upgrades in all units include NEW: exterior paint, composition roof, double pane windows, stoves, electrical breaker box & conduits, tiled showers & toilets, copper water piping and sewer lines. Current Monthly Rental Income: Front Upper Cottage: $2850; Rear Cottage: $2150; Lower Commercial Space: $1050; Total Rent: $6050 per month.
Location
State CA
County Orange
Area N9 - Lower Newport Bay - Balboa Island
Zoning MU-W2
Rooms
Ensuite Laundry Laundry Room
Interior
Interior Features Built-in Features, Crown Molding, Paneling/Wainscoting, Bedroom on Main Level
Laundry Location Laundry Room
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Gas Oven
Laundry Laundry Room
Exterior
Exterior Feature Lighting
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Sewer Connected
View Y/N Yes
View Bay
Roof Type Composition
Accessibility Safe Emergency Egress from Home
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard, Walkstreet
Story Two
Entry Level Two
Foundation Raised, Slab
Sewer Sewer Tap Paid
Water Public
Architectural Style Cottage, Traditional
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 05005222
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Donald Abrams • Abrams Coastal Properties