1209 W Balboa Boulevard
Newport Beach, CA 92661
0.07 acres | #PW24187629
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.
Property Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, WaterConnected
- InteriorHighCeilings, AllBedroomsUp, AllBedroomsDown
- SubdivisionBalboa Peninsula (Residential) (BALP)
- Lot DescriptionTwoToFiveUnitsAcre, RectangularLot
- Property TypeMulti-Family
- Exterior MaterialsRainGutters
- Sewer InformationPublicSewer
- Original List Price$3,100,000
- MLS #PW24187629
- MLS #PW24187629
- ViewPeekABoo
- Property SubtypeMixedUse
- Cost3100000
- Utility SourcePublic
- CountyOrange
- Acres0.07
- Year Built1952
- FoundationSlab
- Stories2
- Parking Spaces3
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kurt Galitski (#PGALKURT)
Listing Office: Coldwell Banker Realty (#PB14622)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
