317 Coronado StNewport Beach, CA 92661 View Map $1,475,000 Ask a Question
Property Type:Single Family Residence
Lot Size:2,178 Sq. Ft.
Office:Balboa Newport Realty
Located in the coveted neighborhood of the Balboa Village and just houses away from the bay, this adorable triplex is in a fabulous location! This is an excellent opportunity for an investor or buyer wanting to build a home with a bay view. The triplex consists of three one bedroom, one bathroom apartments. Two of the apartment homes were re-modeled. It is just a few blocks to the Fun Zone and the beach is just on the other side of Balboa Blvd. Don't miss this opportunity to own in this sought after community on the Peninsula!
Address:317 Coronado St, Newport Beach, CA 92661
Area:NP - Balboa Peninsula
Subdivision:Balboa Peninsula (Residential) (Balp)
Number of Buildings: 1
Total Units: 3
Stories Total: 2
Unit 1: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,950 actual rent • $1,950 total rent • $1,950 pro forma
Unit 2: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,400 actual rent • $1,400 total rent • $1,400 pro forma
Unit 3: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,550 actual rent • $1,550 total rent • $1,550 pro forma
Garage Spaces: 1.0
Parking Features: Garage, On Street
Parking Total: 1.0
Features / Amenities
Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Dryer, Washer
Fireplace Features: Living Room
Flooring: Carpet, Laminate, Tile
Laundry: In Garage
Common Walls: 2+ Common Walls
Cooling: Wall/Window Unit(s)
Heating: Forced Air, Fireplace(s)
Lot Size: 0.05 Acres / 2,178 Sq. Ft.
Lot Features: Item25UnitsAcre, DripIrrigationBubblers
View: Bay, Harbor
Sewer: Public Sewer
Directions:PCH to Balboa Blvd., left on Coronado St.
Tax and Financial Info
Buyer Financing: Cash
Gross Income: $58,800
Gross Scheduled Income: $58,800
Net Operating Income: $55,155
Electric Expense: $1,602
Water/Sewer Expense: $739
Other Expense: $243
Operating Expense: $3,645
Terms: Cash, CashtoExistingLoan, CashtoNewLoan, Conventional, Item1031Exchange
Tenant Pays: CableTV
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Based on information from California Regional Multiple Listing Service, Inc. as of March 30, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.