1209 W Balboa Boulevard

Newport Beach, CA 92661

About this property

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.

About this property

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.

Features and Additional Information

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$3,100,000 Active
2,066 SQFT

Presented By Coldwell Banker Home Source

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License #01902736
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Area Information

NP Balboa Peninsula | Orange County | Balboa Peninsula (Residential) (BALP)

$ 3,100,000
This listing is play_arrow 4669.2% higher than the average in the area
$ 65,000 in the area
2,066 SqFt
This listing is play_arrow 55.0% smaller than the average in the area
4,587 SqFt in the area
$ 1,500 $/SqFt
This listing is play_arrow 10488.8% more than the average in the area
$ 14 $/SqFt in the area
93 days on site
This listing is play_arrow 56.5% below the average in the area
214 days on site in the area

Schools in the Area

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    Elementary School
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Listed By Kurt Galitski
Brokerage: Coldwell Banker Realty 949-644-1600

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