MLS® ID: PW19032490

1320 W Balboa Boulevard

Newport Beach, California, 92661

$2,588,888 Active
  • 7 Beds
  • 5 Baths
  • 2373 SQFT
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.
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Listing courtesy of Frances Lee Real Estate

Amenities

  • Full baths
    5
  • Half baths
    0
  • Full Baths Range
    4+ Baths
  • Total Baths
    5
  • Zip
    92661
  • Office name
    Frances Lee Real Estate
  • SQFT
    2373
  • Bedrooms
    7
  • Property type
    Triplex
  • Zoning type
    R2
  • School district
    Newport Mesa Unified
  • Year built
    2018
  • Lot size
    3049.00
  • Sewer
    Public Sewer
  • Heating
    Zoned,Electric,See Remarks
  • Tax year
    0
  • Agent name
    Frances Lee
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $2m+
  • Square Feet Range
    2000-2500 sq ft.
  • Bedrooms Range
    7 Beds
  • Year Built Range
    After 2010
  • Office ID
    PB18755
  • Agent ID
    PLEEFRA

Location

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