Property Photo: 1209 W Balboa Boulevard CA 92661

Listing Courtesy of: CRMLS / Coldwell Banker Realty / Kurt Galitski - Contact: 714-957-6677

1209 W Balboa Boulevard Newport Beach, CA 92661

Active (70 Days)

$3,100,000

2,066

SQFT

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Description

Development Opportunity: Two adjacent lots near the beach with a combined 6098 square feet of lot space in the 1st 100 block of Balboa Blvd., this unique offering at 1213 & 1209 W. Balboa Blvd. presents endless possibilities for investors and developers while generating almost $16,000 in combined monthly property income as you develop plans for future improvements. 1209 W. Balboa Blvd. features three spacious income apartments. The apartment homes include two 2-bedroom, 2-bath units—one upstairs and one downstairs—and a 1-bedroom, 1-bath unit located above the garages. The property also consists of a two-car garage, a one-car garage, and three tandem parking spots behind the garages. Tenants share the community laundry room located at 1209 W. Balboa Blvd. Together, these two lots provide a range of development opportunities. You could build your dream home, construct a home with an ADU, develop condos, or reconstruct and maintain them as income-generating apartments. Don’t miss this chance to own two side-by-side beach-close lots with incredible potential.

MLS #:
PW24187629

Lot Size
3,049 SQFT

Type
Multifamily

Year Built
1952

Views
Peek-a-Boo

County
Orange County

Community
Balboa Peninsula (Residential) (Balp)

Listed By

Kurt Galitski, DRE #01348644 CA, Coldwell Banker Realty, Contact: 714-957-6677

Source
CRMLS
Last checked Nov 22 2024 at 3:12 AM GMT+0000

Bathroom Details

Interior Features

Windows: Blinds
Water Heater
Gas Range
Disposal
Laundry: Common Area
High Ceilings
All Bedrooms Up
All Bedrooms Down

Subdivision

Balboa Peninsula (residential) (balp)

Lot Information

Rectangular Lot

Property Features

Foundation: Slab

Heating and Cooling

Wall Furnace

Flooring

Laminate
Carpet

Utility Information

Utilities: Water Source: Public, Water Connected, Natural Gas Connected, Electricity Connected
Sewer: Public Sewer

Parking

Assigned

Stories

Additional Information: Newport Beach | 714-957-6677

Location

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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.