$3,100,000
1213 W Balboa Boulevard
Newport Beach, CA, 92661
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.
Property Details
Price:
$3,100,000
MLS #:
PW24187699
Status:
Active
Baths:
0
Address:
1213 W Balboa Boulevard
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Balboa Peninsula Residential BALP
Neighborhood:
npbalboapeninsula
City:
Newport Beach
Listed Date:
Sep 6, 2024
State:
CA
ZIP:
92661
Lot Size:
3,049 sqft / 0.07 acres (approx)
Year Built:
1952
Schools
Interior
Appliances
Electric Cooktop, Disposal, Gas Range, Water Heater
Cooling
None
Fireplace Features
None
Flooring
Carpet, Laminate, Tile
Heating
Wall Furnace
Interior Features
Beamed Ceilings, High Ceilings, Unfurnished
Exterior
Community Features
Gutters
Foundation Details
Slab
Garage Spaces
3.00
Lot Features
2-5 Units/ Acre
Parking Features
Assigned, Garage
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Tenant Pays
Electricity, Gas, Other
Utilities
Electricity Connected, Sewer Connected, Water Connected
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 1213 W Balboa Boulevard
Newport Beach, CA
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