• Price$2,588,888
  • SQ. Feet2,373
  • Acres0.07
  • Built2018

1320 W Balboa Boulevard, Newport Beach

Huge price reduction by motivated seller, priced to sell! Hurry this won't last. Great opportunity to own NEWLY RENOVATED FURNISHED TURNKEY conditioned TWO BEACH HOMES in A lot in the heart of the Balboa Peninsula! Completely ready to rent three units! It is a non conforming triplex. 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. Total of Three Units, possible to convert into FOUR UNITS. 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, have fun while staying brand new cozy beach home! 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. 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.

Essential Information

  • MLS® #PW19032550
  • Price$2,588,888
  • Bathrooms0.00
  • Square Footage2,373
  • Acres0.07
  • Year Built2018
  • TypeResidential Income
  • StatusActive

Amenities

  • Parking Spaces4
  • # of Garages2

Exterior

  • Lot Description2-5 Units/Acre
  • WindowsDouble Pane Windows
  • RoofAsphalt, Shingle

Listing Details

  • Listing AgentFrances Lee(01894473)
  • Listing OfficeFrances Lee Real Estate

Community Information

  • Address1320 W Balboa Boulevard
  • AreaBalboa Peninsula (NP)
  • SubdivisionBalboa Peninsula (Residential) (BALP)
  • CityNewport Beach
  • CountyOrange
  • StateCA
  • Zip Code92661

Interior

  • AppliancesDishwasher, Free Standing Range, Garbage Disposal, Microwave, Refrigerator, Water Heater Unit, Tankless Water Heater
  • HeatingElectric, See Remarks, Zoned
  • CoolingZoned A/C, Electric, See Remarks
  • StoriesOne Level, Two

Additional Information

  • Date ListedFebruary 12th, 2019
  • Days on Market68
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Based on information from California Regional Multiple Listing Service, Inc. as of April 22nd, 2019 at 9:27pm PDT. 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.