1213 W Balboa BLD Active Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92661
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