$2,590,000 - 1320 W Balboa Boulevard, Newport Beach

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

Great opportunity to own NEWLY RENOVATED FURNISHED TURNKEY conditioned TWO BEACH HOMES in A lot in the heart of the Balboa Peninsula! It is a non conforming Triplex. Currently operating as a Vacation Rentals. You have an opportunity to collect highest rent of the year upon close of escrow. Buy it and collect income upon close of escrow! Hurry and make an offer now! 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 DETACHED buildings with a spacious patio in between. Front building consists of 1020 sf. one story unit with 3BR/2BA, porch, private side patio, laundry room is INSIDE of the unit. Top unit of the Rear Building has a brand new 505 sq. ROOF TOP DECK w/ beautifully FURNISHED 802 sf. 3BR/2BA and rear balcony, and bottom unit has 168 sf. 1BR/1BA but NO Kitchen, the second laundry area is inside of the garage. Each units have their own private patios for their outdoor entertainment which are all furnished also. It offers total of 4 (FOUR) PARKING SPACES on the property, 386 sf. of 2 car garage and 2 carport spaces and plenty of the street parking spaces are available. 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® #:PW19109696
  • Price:$2,590,000
  • Bedrooms:7
  • Bathrooms:5.00
  • Full Baths:5
  • Square Footage:2,373
  • Acres:0.07
  • Year Built:2018
  • Type:Residential
  • Sub-Type:Triplex
  • 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

  • Utilities:Cable Available, Sewer Connected
  • Parking Spaces:4
  • Parking:Carport Attached, Garage, Garage - Rear Entry, Garage - Single Door, Garage Door Opener
  • # of Garages:2
  • View:Peek-A-Boo View, Water View
  • Pool:None

Interior

  • Interior Features:Turnkey, Copper Plumbing Full, Copper Plumbing Partial, Granite Counters, Recessed Lighting, Partially Furnished
  • Appliances:Stackable, Barbecue, Dishwasher, Free Standing Range, Garbage Disposal, Microwave, Refrigerator, Tankless Water Heater, Water Heater Unit
  • Heating:Zoned, Electric, See Remarks
  • Cooling:Zoned A/C, Electric, See Remarks
  • Fireplaces:None
  • Stories:One Level, Two

Exterior

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

School Information

  • District:Newport Mesa Unified

Additional Information

  • Date Listed:May 10th, 2019
  • Days on Market:11
  • Zoning:R2
  • HOA Fees:0.00
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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 May 22nd, 2019 at 12:43pm CDT. 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.