1213 W Balboa BLVD Active Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92661
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP25069687
HOA Y/N No
Year Built 1952
Lot Size 3,049 Sqft
Property Sub-Type Triplex
Property Description
Outstanding investment opportunity for the buyer with a vision. Just one house to the beach and very close to all that Balboa Peninsula offers. This two story triplex offers exceptional long term rental income, close proximity to the oceanfront and plenty of garage and parking space for all units. Tenants enjoy the use of the laundry room, relaxing areas in the courtyard or front patio. This property has been upgraded over the last five years and can be used as rentals yearly or summer/winter rentals to maximize income stream. There are two units with 2 bedrooms 2 bathrooms and one unit over the garage with 1 bedroom and 1 bathroom. All units are currently occupied. Next door is 1209 W. Balboa and is the exact mirror of 1213. Buy one or buy both and create a development project with high enough build to enjoy white water views year round for the upper units. The highest and best use of this land would be to build stacked condo's with elevators and balconies. The city of Newport Beach has consulted with an architect on the possible future development of 1209 and 1213 W. Balboa. Hurry because this type of property sells fast in Newport Beach, Balboa Peninsula.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Zoning R2
Interior
Interior Features Beamed Ceilings,High Ceilings,All Bedrooms Up,All Bedrooms Down
Heating Wall Furnace
Cooling None
Flooring Carpet,Laminate
Fireplaces Type None
Fireplace No
Appliance Electric Range,Gas Water Heater,Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Storm Drain(s),Street Lights,Sidewalks,Water Sports
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Waterfront Description Beach Access,Ocean Side Of Highway
View Y/N No
View None
Accessibility Parking
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 04724110
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard,Trust