1213 W Balboa BLVD, Newport Beach, CA 92661 – PW24187699

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Michael Taylor

michael@thepointre.com +1(949) 363-3141

$ 3,100,000

Est. payment -/mo

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1213 W Balboa BLVD Newport Beach, CA 92661

3,049 Sqft Lot

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 PW24187699

Construction Status Fixer

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. 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

Zoning 31

Interior

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

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Electric Cooktop, Disposal, Gas Range, Water Heater

Laundry None

Exterior

Garage Assigned, Garage

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Gutter(s)

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 04724110

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard, Trust

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

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Michael Taylor

Broker Associate | License ID: 01917215

+1(949) 363-3141

Michael Taylor

Michael Taylor

1213 W Balboa BLVD Newport Beach, CA 92661

Key Details

Location

Interior

Exterior

Building

Others

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1213 W Balboa BLVD