1209 W Balboa BLVD, Newport Beach, CA 92661 - MLS#PW24187629

Newport Beach, CA 92661,1209 W Balboa BLVD

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Mindy Luong

[email protected] +1(714) 467-6200

$3,100,000

Est. payment - /mo

3,049 Sqft Lot

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UPDATED:

10/18/2024 07:22 PM

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 PW24187629

HOA Y/N No

Year Built 1952

Tax Year 2023

Lot Size 3,049 Sqft

Lot Dimensions Public Records

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. 1209 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

Interior Features High Ceilings, All Bedrooms Up, All Bedrooms Down

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate

Fireplaces Type None

Fireplace No

Appliance Disposal, Gas Range, Water Heater

Laundry Common Area

Exterior

Exterior Feature Rain Gutters

Garage Assigned

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Gutter(s)

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

View Y/N Yes

View Peek-A-Boo

Parking Type Assigned

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre, Rectangular Lot

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 04724111

Acceptable Financing Contract

Listing Terms Contract

Special Listing Condition Standard, Trust

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Listed by Kurt Galitski • Coldwell Banker Realty • 714-957-6677

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Mindy Luong

+1(714) 467-6200

Broker | License ID: 01335837

Broker License ID: 01335837

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