1209 W Balboa Boulevard , Newport Beach, CA 92661
Newport Beach, CA 92661
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 unitsone upstairs and one downstairsand 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.
Details
| Mls | PW24187629 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Subtype | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 89 |
| Listing Provided By | Coldwell Banker Realty 949-644-1600 | Kurt Galitski |
Features
| Sq Feet | 2,066 |
|---|---|
| Garage | 3 |
| Storys | 2 |
| Units | 3 |
| Buildings | 2 |
| Zoning | 31 |
| Acreage | 0.07 |
| Property View | Yes |
Market Activity 92661
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92661 |
| Area | NP Balboa Peninsula |
| Community Name | Balboa Peninsula (Residential) (BALP) |
| Listing VS Median (in Balboa Peninsula (Residential) (BALP)) | |
Price: $3,100,000 low | high Med: $60,000 SqFt: 2,066 low | high Med: 3,540 $ / SqFt: $1,500 low | high Med: $18 On Site: 89 low | high Med: 158.000000 | |
