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.
|DAYS ON MARKET||4||LAST UPDATED||2/12/2019|
|TRACT||Balboa Peninsula (Residential) (BALP)||YEAR BUILT||2018|
|COMMUNITY||NP - Balboa Peninsula||COUNTY||Orange|
|STATUS||Active||PROPERTY TYPE(S)||Single Family|
|School District||Newport Mesa Unified|
|AIR||Electric, See Remarks, Zoned|
|APPLIANCES||Dishwasher, Free Standing Range, Garbage Disposal, Microwave, Refrigerator, Tankless Water Heater, Water Heater Unit|
|AREA||NP - Balboa Peninsula|
|GARAGE||Carport Attached, Garage, Garage - Rear Entry, Garage - Single Door, Garage Door Opener|
|HEAT||Electric, See Remarks, Zoned|
|INTERIOR||Copper Plumbing Full, Copper Plumbing Partial, Granite Counters, Partially Furnished, Recessed Lighting|
|LOT||3049 sq ft|
|LOT DESCRIPTION||2-5 Units/Acre|
|SUBDIVISION||Balboa Peninsula (Residential) (BALP)|
TOTAL MONTHLY PAYMENT
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