121 Diamond Avenue, Newport Beach, CA 92662

$3,100,000
3
BD
4
BA
2,000
SqFt
List Price
$3,100,000
Status
ACTIVE
MLS#
OC23212713
Year Built
1977
Bedrooms
3
Bathrooms
4
Living Sq. Ft
2,000
Lot Size
2,614
Acres
0.06
Lot Location
Level, Rectangular Lot, StreetLevel, ValueInLand, Walkstreet
Days on Market
11
Property Type
Single Family Residential
Style
CapeCod, Cottage, Traditional
Property Sub Type
Duplex
Stories
One Level
Neighborhood
Balboa Island - Main Island (Balm)

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.

Additional Information

Other Buildings
Guest House
Appliances
Electric Cooktop, Electric Oven, Gas Cooktop, Gas Water Heater, Water Heater
Pool Description
None
Fireplace Description
Kitchen, Living Room, PrimaryBedroom
Heat
Forced Air
Cooling Description
None
View
PeekABoo
Exterior Construction
Stucco, Wood Siding
Patio
Brick, Concrete
Roof
Flat, Shake
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
School District
Newport Mesa Unified
Interior Features
Ceiling Fan(s), Cathedral Ceiling(s), Granite Counters, MultipleStaircases, SunkenLivingRoom, Unfurnished, AllBedroomsUp, PrimarySuite, Walk-In Closet(s)
Attached Structure
Detached
Number Of Units Total
2

Listing courtesy of Listing Agent: Michael Bojorquez (mike@southoc.com) from Listing Office: Keller Williams OC Coastal Realty.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.