1320 W Balboa Boulevard, Newport Beach, CA 92661 (MLS # PW19032550)

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PRICE $2,588,888 dsIDX morgage calculator
BEDS 0
BATHS 0 bath
HOME SIZE 2,373 sq ft
LOT SIZE 3,049 sqft

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.

DAYS ON MARKET 66 LAST UPDATED 3/16/2019
TRACT Balboa Peninsula (Residential) (BALP) YEAR BUILT 2018
COMMUNITY NP - Balboa Peninsula COUNTY Orange
STATUS Active PROPERTY TYPE(S) Residential Income

PRICE HISTORY
Prior to Mar 14, '19 $2,688,888
Mar 14, '19 - Mar 16, '19 $2,638,888
Mar 16, '19 - Today $2,588,888


ADDITIONAL DETAILS
AIR Electric, See Remarks, Zoned
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Free-Standing Range, Microwave, Refrigerator, Tankless Water Heater, Water Heater
AREA NP - Balboa Peninsula
GARAGE Attached Carport, Garage, Garage - Single Door, Garage Door Opener, Garage Faces Rear
HEAT Electric, See Remarks, Zoned
HOA DUES 0.00
INTERIOR Copper Plumbing Full, Copper Plumbing Partial, Furnished, Partially Furnished
LOT 3049 sq ft
LOT DESCRIPTION 2-5 Units/Acre
POOL DESCRIPTION None
SEWER Public Sewer
SUBDIVISION Balboa Peninsula (Residential) (BALP)
UTILITIES Sewer Connected
VIEW Yes
VIEW DESCRIPTION Peek-A-Boo,Water
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 1320 W BALBOA BOULEVARD
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Listing provided by : Frances Lee CalDRE: 01894473, Frances Lee Real Estate

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