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Water Views
Address
1320 W Balboa Boulevard Newport Beach, CA
Price
$ 2,588,888
Property Attributes
  • MLS#PW19032550
  • TypeIncome
  • CountyORANGE
  • CityNewport Beach
  • AreaBalboa Peninsula
  • NeighborhoodBalboa Peninsula
  • Zip92661
  • Style
  • Price$ 2,588,888
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2373
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Frances Lee with Frances Lee Real Estate.
Property Description

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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
2/12/2019 Listed $2,688,888
3/15/2019 2% - $2,638,888
3/17/2019 2% - $2,588,888

General Features

Assessments Unknown
Attached Structure Detached
Community Features Sidewalks
Directions Take 55 S. Continue on Newport Blvd, Continue on W. Balboa Blvd.
HOA Fee 0.00
Levels One, Two
Listing Agent Frances Lee - BRE#01894473
Listing Agent State License 01894473
MLS Area NP - Balboa Peninsula
Price Per Square Foot 1090.98
Property Condition Turnkey, Updated/Remodeled
Spa Features None
Special Listing Conditions Standard
Subdivision Name Balboa Peninsula (Residential) (BALP)
Subdivision Name Balboa Peninsula (Residential) (BALP)
Total Units 3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area 1020
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Appliances Dishwasher, Free-Standing Range, Disposal, Microwave, Refrigerator, Tankless Water Heater, Water Heater
Appliances Y/N Yes
Common Walls No Common Walls
Cooling Zoned, Electric, See Remarks
Dishwasher Count 2
Fireplace Features None
Flooring See Remarks
Garbage Disposal Count 2
Heating Zoned, Electric, See Remarks
Heating Y/N Yes
Interior Features Copper Plumbing Full, Copper Plumbing Partial, Furnished, Partially Furnished
Laundry Features Dryer Included, In Garage, Inside, Washer Included
Laundry Y/N Yes
Number of Wall ACs 9
Range Count 2
Refrigerator Count 2
Room Type Great Room, Main Floor Bedroom
Studio Area 168
Studio Area Unit Type Square Feet
Utilities Sewer Connected
Window Features Double Pane Windows

Exterior Features

Building Area Total 2373.00
Carport Spaces 2.00
Fence Y/N Yes
Fencing Wood
Garage Spaces 2.00
Lot Features 2-5 Units/Acre
Lot Size Acres 0.0700
Lot Size Area 3049.0000
Lot Size Source See Remarks
Lot Size Square Feet 3049.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 2
Number of Separate Gas Meters 2
Number of Separate Water Meters 1
Other Structures Two On A Lot
Parking Features Attached Carport, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener
Parking Y/N Yes
Patio Count 4
Pool Features None
Roof Asphalt, Shingle
Sewer Public Sewer
Total Parking 4.00
View Peek-A-Boo, Water
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92661

Price
AVG $2.77M
$2.59M
Visits
AVG 54
44
Year Built
AVG 1972
2018
Walkscore
AVG 60
51
Data Provided by Walkscore ® not using MLS data

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