$4,950,000
$5,950,000
16.8%For more information regarding the value of a property, please contact us for a free consultation.
501 Park Avenue Newport Beach, CA 92662
5,100 Sqft Lot
Key Details
Sold Price $4,950,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24091109
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
Building
Lot Description Corner Lot
Story 2
Water Public
Others
Tax ID 05005235
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Alex Matar • Kidder Mathews