Newport Beach, CA 92662,501 Park Avenue
Newport Beach, CA 92662,501 Park Avenue
Newport Beach, CA 92662,501 Park Avenue
40
$4,950,000
$5,950,000
16.8%
Est.Price: ?

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5,100 Sqft Lot

501 Park Avenue Newport Beach, CA 92662

Est. payment /mo
SOLD DATE : 09/20/2024

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Key Details

Sold Price $4,950,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Balboa Island - Main Island (Balm)

MLS Listing ID OC24090681

Sold Date 09/20/24

HOA Y/N No

Year Built 2015

Lot Size 5,100 Sqft

Property Description

THE PROPERTY: Welcome to your slice of paradise on Balboa Island in Newport Beach! This exquisite property offers an unparalleled opportunity to own a top-performing restaurant with two stunning apartments above, all completely rebuilt to perfection in 2015.

THE RESTAURANT: Step into the heart of culinary excellence as you enter the spacious and inviting restaurant and bar area. Bathed in natural light pouring through large windows, this space exudes warmth and charm. With ample room for indoor and outdoor seating and a meticulously designed kitchen equipped with top-of-the-line appliances, it’s a dream canvas for creativity.

THE LOCATION
Situated in the heart of Balboa Island, this property enjoys a prime location in one of Newport Beach’s most coveted neighborhoods. Surrounded by quaint shops, charming cafes, and scenic waterfront vistas, residents and visitors alike are drawn to the vibrant energy and unparalleled beauty of this coastal community. With easy access to the Balboa Island Ferry, nearby beaches, and an array of recreational activities, the possibilities for adventure and relaxation are endless.

Location

State CA

County Orange

Area N9 - Lower Newport Bay - Balboa Island

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry None

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Fishing, Water Sports

Total Parking Spaces 1

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 05005235

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin Bayless • Bayless Real Estate • kbayless@leeirvine.com
Bought with Alex Matar • Kidder Mathews

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John Alagna

Agent | License ID: 02073190

+1(909) 821-2781

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