$2,688,888 - 1320 W Balboa Boulevard, Newport Beach

  • 7Beds
  • 5Baths
  • 2,373SQ. Feet
  • 0.07Acres

Great opportunity to own two beach homes in one lot in the heart of the Balboa Peninsula! Situated just steps away from both the beach and bay. Steps away from world renown surf spot "The Point" and "Balboa Pier". The property consists of two separate buildings separated by private courtyard in between. The entire buildings are being renovated from top to bottom and inside and outside. Renovation project was started since January 2018 and it will be all completed soon. Total of Three Units, possible to convert into FOUR UNITS. Front building consists of 1020 sf. one story with 3BR/2BA, balcony, private patio, laundry room is INSIDE of the unit. Rear Building consists of 2 story with 2 separate units. Top of the Rear Building has a brand new 505 sq. ROOF TOP DECK with 802 sf. 3BR/2BA and rear balcony, and bottom has 168 sf. 1BR/1BA, the second laundry area is inside of the garage. Each units have their own private patios for their outdoor entertainment, have FUN! FUN! FUN! while staying brand new cozy beach home! It offers total of 4 parking spaces on the property, 386 sf. of 2 car garage and 2 carport spaces and plenty of the street parking spaces are available. High Income potential property as the city allows short term rental permit. It is legal R-2 zone and occupancy group is R3/U. Brand new wall mounted A/Cs+Heaters are installed in EVERY rooms which will reduce the electricity bills. Buyer to cooperate with seller's 1031 exchange at no cost to buyer.

Sales Agent

Sam SmithNewport Beach Real EstatePhone: 949-444-1901Cell: 949-444-1901Contact Agent Now

Essential Information

  • MLS® #:PW18291329
  • Price:$2,688,888
  • Bedrooms:7
  • Bathrooms:5.00
  • Square Footage:2,373
  • Acres:0.07
  • Year Built:2018
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1320 W Balboa Boulevard
  • Area:Balboa Peninsula (NP)
  • Subdivision:Balboa Peninsula (Residential) (BALP)
  • City:Newport Beach
  • County:Orange
  • State:CA
  • Zip Code:92661

Amenities

  • Parking Spaces:4
  • # of Garages:2

Interior

  • Appliances:Dishwasher, Garbage Disposal, Refrigerator, Tankless Water Heater, Free Standing Range, Microwave
  • Heating:Electric, See Remarks, Zoned
  • Cooling:Zoned A/C, See Remarks, Electric
  • Stories:One Level, Two

Exterior

  • Lot Description:2-5 Units/Acre
  • Windows:Double Pane Windows
  • Roof:Asphalt, Shingle

Additional Information

  • Date Listed:December 14th, 2018
  • Days on Market:39

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Balboa Peninsula (residential) (balp)

  • City:
    Newport Beach
  • Price Range:
    $1,635,000 - $7,999,000
  • Current Listings:
    10
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $1,141
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Provided By: Frances Lee(01894473), Frances Lee Real Estate.

Based on information from California Regional Multiple Listing Service, Inc. as of January 23rd, 2019 at 1:46pm CST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.