1320 W Balboa Boulevard Newport Beach, CA 92661
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2588888
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7 Beds

5 Baths

2373 SqFt

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Key Details

Property Type: Condo

Lot Size: 3,049 Sqft

Year Built: 2018

Purchase Type: For Sale

Listing Status: Active

MLS Listing ID: PW19032490

Price per Sqft: $1,090

Special Sale: Standard

Type of Financing: Exchange,Lease Option,Cash To New Loan

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 Unit
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.

Location

State: CA

County: Orange

Area: Oc - Newport Beach (92661)

Zoning: R2

Rooms

Full Baths: 5

Interior

Interior Features: Copper Plumbing Full,Copper Plumbing Partial,Granite Counters,Partially Furnished,Recessed Lighting

Laundry: Closet Stacked,Garage,Inside

Sewage Type: Public Sewer

Water: Public

Heating: Electric

Cooling: Zoned Area(s),Other/Remarks,Electric

Flooring: Other/Remarks

Equipment: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Washer

Air Conditioning: Zoned Area(s),Other/Remarks,Electric

Exterior

Garage: Garage,Garage - Single Door,Garage Door Opener

Garage Spaces: 4.0

Fence: Wood

Utilities Available: Sewer Connected

View: Water,Peek-A-Boo

Roof Type: Asphalt,Shingle

Building

Story: 1 Story

Schools

Elementary Schools: Newport Elementary School

Middle Schools: Horace Ensign Intermediate School

High Schools: Newport Harbor High School

School District: Newport-mesa Unified School District

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Listing Provided By Frances of Frances Lee Real Estate

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Nearby School & Properties

51 WALK
SCORE
Somewhat Walkable

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    Glen Henderson Big Block Realty, Inc
    Glen Henderson

    Broker Associate CA BRE # 01384181

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