1209 W Balboa BLVD Active Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92661
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,066 sqft
Price per Sqft $1,500
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID PW24187629
Year Built 1952
Tax Year 2023
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. 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
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling None
Flooring Carpet,Laminate
Fireplaces Type None
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
Building
Lot Description 2-5 Units/Acre,Rectangular Lot
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Contract
Listing Terms Contract
Special Listing Condition Standard,Trust