$2,300,000
$2,350,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
3,049 Sqft Lot
SOLD DATE : 03/10/2023
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID OC23016211
Sold Date 03/10/23
HOA Y/N No
Year Built 1961
Lot Size 3,049 Sqft
Property Description
Situated on a deep 3,049 square foot lot, 211 Cypress offers a fantastic duplex located on the highly desirable Balboa Peninsula in Newport Beach. This property is being presented to the market for the first time in over 50 years. Located in the short term rental zone, steps from the Newport Harbor, Ocean, Balboa Fun Zone and the best dining and shopping available on the Peninsula. This highly desirable duplex offers a fantastic unit mix of 2, 2 bedroom 1 bath units with a 1 car garage for each unit. Rarely seen, this property showcases a large, roughly 20 foot front yard setback. Not only is the front yard attractive to prospective renters, but it allows the new owner to expand the duplex forward to a 4 foot setback. The current units have excellent open concept layouts with spacious family rooms and accommodating kitchens. All bedrooms are graciously sized with the master bedrooms featuring a large walk in closet. The upstairs unit with vaulted ceilings creates an inviting sense of space and volume. Sliding glass doors off of the living room exit to a secluded viewing balcony. Both units get a one car garage, individual laundry and plenty of storage space.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Ensuite Laundry In Garage
Interior
Interior Features Beamed Ceilings, Balcony, Cathedral Ceiling(s), Walk-In Closet(s)
Laundry Location In Garage
Heating Central
Cooling None
Flooring Carpet, Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Oven, Electric Range, Water Heater
Laundry In Garage
Exterior
Exterior Feature Rain Gutters
Garage Assigned, Driveway, Garage, Garage Door Opener
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Park, Sidewalks, Water Sports
Waterfront Description Ocean Side Of Highway
View Y/N No
View None
Roof Type Composition,Shingle
Parking Type Assigned, Driveway, Garage, Garage Door Opener
Total Parking Spaces 3
Private Pool No
Building
Lot Description Front Yard, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 04809219
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Armen Bandarian • Coldwell Banker Hallmark