1213 W Balboa BLD Active

Newport Beach,CA 92661

$ 3100000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW24187699

Year Built 1952

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

Rooms

Kitchen Garbage Disposal,Other,Oven Range - Gas

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Laundry None,Washer/Dryer - Leased

Exterior

Garage Assigned Spaces,Garage

Garage Spaces 6.0

Pool 31,None

View None

Building

Foundation Concrete Slab

Water Hot Water,District - Public

Others

Special Listing Condition Not Applicable

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