1209 W Balboa BLD Active

Newport Beach,CA 92661

$ 3100000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW24187629

Originating Board California Regional MLS

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. 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

Rooms

Kitchen Garbage Disposal,Oven Range - Gas

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Laundry Laundry Area,Washer/Dryer - Leased

Exterior

Parking Features Assigned Spaces

Garage Spaces 6.0

Pool 31,None

View 30

Building

Foundation Concrete Slab

Water Hot Water,District - Public

Others

Tax ID 04724111

Special Listing Condition Not Applicable

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