1320 W Balboa Boulevard

    Newport Beach, CA 92661
    • $2,688,888
    • STATUS: Active
    • ON SITE: 4 days
    • ID#: PW19032490
    Open House
    UPDATED: 31 min ago
    $2,688,888
    • 7
      BEDS
    • 0.07
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 2,373
      SQFT
    • $1,133
      $/SQFT
    Type:
    Single-Family Home
    Built:
    2018
    County:

    School Ratings & Info

    School District:
    Open Houses: 2/17 1:00 PM to 4:00 PM,
    2/20 10:30 AM to 12:00 PM,
    2/24 1:00 PM to 4:00 AM

    Description

    One Year Renovation Project is Completed! Great opportunity to own TWO TURNKEY condition BEACH HOMES in A lot in the heart of the Balboa Peninsula! Situated just steps away from both the beach and bay. Steps away from world renown surf spot "The Point" and "Balboa Pier", Newport Elementary School is near by. The property consists of two DETACHED buildings with a spacious patio in between. The entire buildings were renovated from top to bottom and inside and outside except few parts. 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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T08:27:29.497. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.dscvrproperties.com/homes/91752123

    1320 W Balboa Boulevard Newport Beach, CA 92661

    • Price: $2,688,888
    • Status: Active
    • Updated: 31 min ago
    • ID#: PW19032490
    7
    Beds
    5
    Baths
    0
    ½ Baths
    0.07
    Acres
    2,373
    SQFT
    $1,133
    $/SQFT
    2018
    Built
    Neighborhood:
    Balboa Peninsula (Residential) (Balp)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    School District:
    Newport Mesa Unified
    Property Description
    One Year Renovation Project is Completed! Great opportunity to own TWO TURNKEY condition BEACH HOMES in A lot in the heart of the Balboa Peninsula! Situated just steps away from both the beach and bay. Steps away from world renown surf spot "The Point" and "Balboa Pier", Newport Elementary School is near by. The property consists of two DETACHED buildings with a spacious patio in between. The entire buildings were renovated from top to bottom and inside and outside except few parts. 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.
    Exterior Features

    Attached Garage YN No Carport Spaces 2.00 Fence YN Yes Fencing Wood Garage Spaces 2.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Other Structures Two On A Lot Parking Features Carport AttachedGarageGarage - Rear EntryGarage - Single DoorGarage Door Opener Parking Total 4.00 Parking YN Yes Patio And Porch Features ConcretePatioPorch - FrontRoof TopSee RemarksWrap Around Patio YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof AsphaltShingle Spa Features None Spa YN No View Peek-A-BooWater View YN Yes

    Interior Features

    Appliances DishwasherFree Standing RangeGarbage DisposalMicrowaveRefrigeratorTankless Water HeaterWater Heater Unit Appliances YN Yes Bathroom Features BathtubShowerRemodeled Bathrooms Full 5 Bathrooms One Quarter 0 Bathrooms Three Quarter 0 Common Walls No Common Walls Cooling ZonedElectricSee Remarks Cooling YN Yes Eating Area In Kitchen Fireplace Features None Fireplace YN No Flooring See Remarks Heating ZonedElectricSee Remarks Heating YN Yes Interior Features Copper Plumbing FullCopper Plumbing PartialGranite CountersPartially FurnishedRecessed Lighting Kitchen Features Granite Counters Laundry Features Dryer IncludedIn GarageInsideStackableWasher Included Levels OneTwo Main Level Bathrooms 3 Main Level Bedrooms 4 Room Type Great RoomKitchenLaundryMain Floor Bedroom Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features Sidewalks Country Us Electric Standard Elevation Units Feet Exclusions RefrigeratorsWasher/DryersFurniture And Accessories Inclusions MicrowaveDishwasherFreestanding Gas RangeAll Window Blinds And Verticals Land Lease YN No Laundry YN Yes Lease Considered YN Yes Living Area Units Square Feet New Construction YN No Property Condition TurnkeyUpdated/Remodeled Property Sub Type Triplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Balboa Peninsula (Residential) (Balp) Utilities Sewer Connected Water Source Public Year Built Source See Remarks Zoning R2

    Listing provided courtesy of Frances Lee of Frances Lee Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T08:27:29.497. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    HEADQUARTERS | Keller Williams Beverly Hills
    439 N Canon Drive, 3rd Floor
    Beverly Hills CA, 90210