1213 W Balboa BLVD Active Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92661
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID PW24187699
Year Built 1952
Tax Year 2023
Lot Size 3,049 Sqft
Property Description
Development Opportunity: Two adjacent lots near the beach with a combined 6098 square feet of lot space in the 1st 100 block of Balboa Blvd., this unique offering at 1213 & 1209 W. Balboa Blvd. presents endless possibilities for investors and developers while generating almost $16,000 in combined monthly property income as you develop plans for future improvements. 1213 W. Balboa Blvd. features three spacious income apartments. The apartment homes include two 2-bedroom, 2-bath units?one upstairs and one downstairs?and a 1-bedroom, 1-bath unit located above the garages. The property also consists of a two-car garage, a one-car garage, and three tandem parking spots behind the garages. Tenants share the community laundry room located at 1209 W. Balboa Blvd. Together, these two lots provide a range of development opportunities. You could build your dream home, construct a home with an ADU, develop condos, or reconstruct and maintain them as income-generating apartments. Don?t miss this chance to own two side-by-side beach-close lots with incredible potential.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Zoning 31
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet,Laminate,Tile
Fireplaces Type None
Laundry None
Exterior
Parking Features Assigned,Garage
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Gutter(s)
Utilities Available Electricity Connected,Sewer Connected,Water Connected
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard,Trust