Active
1213 W Balboa Boulevard
Newport Beach CA, 92661
$3,100,000
$1,357.27 per sqft
Active
2,284 sqft
Multi-family
Built in 1952
Listed by Kurt Galitski with Coldwell Banker Realty 714-957-6677
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.
PW24187699
MLSⓇ ID
September 12, 2024
Listed
October 19, 2024
Updated
Map
1213 W Balboa Boulevard
Newport Beach CA, 92661
Interior Features
Total Stories
2
Interior Features
Beamed Ceilings, High Ceilings, Unfurnished, All Bedrooms Up, All Bedrooms Down
Appliances
Electric Cooktop, Disposal, Gas Range, Water Heater
Laundry Description
None
Floor Description
Carpet, Laminate, Tile
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.07 Acres
Lot Features
2-5 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
NP - Balboa Peninsula
Days on Market
36
Garage
Yes
Garage Spaces
3
Parking
Assigned, Garage
Parking Total
6
View
No
View Description
None
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Zoning
31
Listing Contact: 949-644-1600
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/19/2024 at 3:18 PM UTC