118 Agate, Newport Beach, CA 92662

Property Description

Extremely unique Income producing property in a compelling location on Balboa Island just steps from the Bay. There are 3 units- 1 residential condo and 2 office/retail spaces. Unit #1 is a sophisticated contemporary 3 bedroom 3 bathroom- condo with vaulted ceilings and stunning designer finishes which occupies the top level. Enjoy beach living with peek views of the bay and Balboa Park. Walls of glass flood the spaces with sunlight - highlighting the European tile floors and mirrored sconces. Entertain in your gourmet kitchen with Thermador appliances, farmhouse sink , Sub Zero refrigerator and quartz counters. The bedrooms are generous and the baths spa-like.This unit previously leased yearly for $7,000 month. Your guests can walk the Island or take the Balboa ferry to the beach with it's shops and restaurants. Units 2 & 3 are 2 office/ retail units- 748'- currently doing business by the same tenant and rent for $3,200 month. The property offers ample off street parking with a 5 car covered carport. This property is the epitome of mixed use- It can be a primary or 2nd home with income - a live-work area- or a 31 day minimum vacation rental. No matter which - it is a property worth your consideration! Buyer to verify square footage, zoning and all factors in any decision to purchase.