Homes for sale - 1209 W Balboa BLD, Newport Beach, CA 92661

Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Karly Brown • Karly Brown, Broker

$3,100,000

Est. payment - /mo

3,049 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRNP25068186

Originating Board California Regional MLS

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 the Balboa Peninsula offers. This two story triplex offers exceptional long term rental income, close proximity to the oceanfront and plenty of parking/garage 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 5 years and can be used as rentals yearly or summer/winter rentals to maximize income stream. There are two units with 2 bedrooms and 2 bathrooms and one unit over garage is 1 bedroom and 1 bathroom. All units are currently occupied. Next door is 1213 W. Balboa and is the exact mirror of 1209. Buy one or buy both and create a development project with a high enough build to enjoy white water views year round from the upper units. The highest and best use would be 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

Area Np - Balboa Peninsula

Rooms

Kitchen Other, Oven Range - Electric

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Laundry Laundry Area

Exterior

Parking Features Assigned Spaces, Garage

Garage Spaces 6.0

Pool 31, None

View None

Building

Foundation Concrete Slab

Water District - Public

Others

Tax ID 04724111

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1209 W Balboa BLD Newport Beach, CA 92661

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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