CA > Newport Beach
Newport Beach, CA 92661,1213 W Balboa Boulevard
Newport Beach, CA 92661,1213 W Balboa Boulevard
Newport Beach, CA 92661,1213 W Balboa Boulevard
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Listed by Karly Brown • Karly Brown, Broker
$3,100,000
Est. payment /mo
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3,049 Sqft Lot
New

1213 W Balboa Boulevard Newport Beach, CA 92661

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRNP25069687

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1952

Lot Size 3,049 Sqft

Property Sub-Type Triplex

Property Description

Outstanding investment opportunity for the buyer with a vision. Just one house to the beach and very close to all that Balboa Peninsula offers. This two story triplex offers exceptional long term rental income, close proximity to the oceanfront and plenty of garage and parking space for all units. Tenants enjoy the use of the laundry room, relaxing areas in the courtyard or front patio. This property has been upgraded over the last five years and can be used as rentals yearly or summer/winter rentals to maximize income stream. There are two units with 2 bedrooms 2 bathrooms and one unit over the garage with 1 bedroom and 1 bathroom. All units are currently occupied. Next door is 1209 W. Balboa and is the exact mirror of 1213. Buy one or buy both and create a development project with high enough build to enjoy white water views year round for the upper units. The highest and best use of this land would be to build stacked condo's with elevators and balconies. The city of Newport Beach has consulted with an architect on the possible future development of 1209 and 1213 W. Balboa. Hurry because this type of property sells fast in Newport Beach, Balboa Peninsula.

Location

State CA

County Orange

Interior

Heating Wall Furnace

Cooling No Air Conditioning

Flooring Laminate, Carpet

Fireplace No

Appliance Gas Water Heater

Laundry Common Area

Exterior

View None

Handicap Access Other

Building

Lot Description Other

Water Public

Bay East AOR and Contra Costa AOR
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Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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1213 W Balboa Boulevard

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