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121 Diamond Avenue, Newport Beach, CA 92662
$3,350,000
121 Diamond Avenue, Newport Beach, CA 92662View this property at 121 Diamond Avenue, Newport Beach, CA 92662
121 Diamond AvenueNewport BeachCA92662
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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.
Full Property Details
Full Property Details for 121 Diamond Ave
General
- Sold For: $3,350,000
- Status: Closed
- Type: Multi-Family
- MLS ID: OC23212839
- Added to Site: 202 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Up, Kitchen, Living Room
- Interior Features: Granite Counters, High Ceilings, Stone Counters, Unfurnished
- Fireplace(s): Dining Room, Living Room, Primary Bedroom
- Appliances: Electric Oven, Electric Cooktop, Gas Cooktop
- Flooring: Carpet, Vinyl
Rooms
Other Rooms
- Laundry: In Garage
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 2
- Parking Features: Garage, Garage Faces Rear
- Parking: Garage, Garage Faces Rear
Location
- Area: N9 - Lower Newport Bay - Balboa Island
- County: Orange
- Development Name: N9 - Lower Newport Bay - Balboa Island
- Driving Directions: Marine/Park/Diamond
- Direction Faces: West
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer, Sewer Assessments, Sewer on Bond
- Water: Public
- # Water Meters: 1
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Architectural Style: Bungalow, Custom-Built, Traditional
- Foundation: Slab
- Roof: Flat, Shake
- Windows: Plantation Shutters
- Doors: Double-Door Entry, French Doors
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,000
- Year Built: 1977
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Property View: Peek-a-Boo
- Lot Size (Acres): 0.06
- Lot Size Source: Assessor
- Lot Description: Front Yard, Rectangular Lot, Value In Land, Walking Street
Financial Considerations
- Price Per Sq. Ft.: $1,675
- Price Per Unit: 1550000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Keller Williams OC Coastal Realty, Michael Bojorquez
Sold by Compass, Matthew O'Keefe
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Schools
Schools serving 121 Diamond Ave
School District:Newport-Mesa Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3101 Pacific View Dr, Corona Dl Mar, CA 92625 | K-6 | 2 mi | |
2101 Eastbluff Dr, Newport Beach, CA 92660 | 7-12 | 2.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 121 Diamond Ave
Date
Details
Price
Change
Source
2/01/2024
Sold
$3,350,000
8.06%
MLS
11/16/2023
Listed
$3,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
121 Diamond Avenue, Newport Beach, CA 92662 (MLS# OC23212839) is a Multi-Family property that was sold at $3,350,000 on February 01, 2024. Want to learn more about 121 Diamond Avenue? Do you have questions about finding other Multi-Family real estate for sale in Newport Beach? You can browse all Newport Beach real estate or contact a Coldwell Banker agent to request more information.