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Listing 1 out of 367
$2,588,888 For Sale

1320 W Balboa Boulevard
Newport Beach, CA 92661

7 beds, 5 baths | Single Family Home
2,373 sq ft; lot: 3049 sq ft - MLS# PW19032490
Property Photo
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Description

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.

Features

  • Property Type: Single Family Home
  • Sub Type: Triplex
  • Listing Status: Active
  • Zip Code: 92661
  • Year Built: 2018
  • Subdivision/Neighborhood: Balboa Peninsula (Residential) (Balp)
  • School District: Newport Mesa Unified
  • Sq.Ft.: 2,373 sq ft
  • Stories: One,Two
  • Bedrooms: 7
  • Full Baths: 5
  • Garage: 2-Car
  • # of Parking Spaces: 4.00
  • Lot Size: 3049 sq ft
  • Baths: 5
  • View: Peek-A-Boo,Water, Yes
  • Zoning: R2
  • Area: NP - Balboa Peninsula
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Microwave, Refrigerator, Tankless Water Heater, Water Heater
  • Appliances YN: Yes
  • Bathroom Features: Bathtub, Shower, Remodeled
  • Carport Spaces: 2.00
  • Community Features: Sidewalks
  • Cooling: Zoned, Electric, See Remarks
  • Cooling YN: Yes
  • Country: US
  • Directions: Take 55 S. Continue on Newport Blvd, Continue on W. Balboa Blvd.
  • Eating Area: In Kitchen
  • Electric: Standard
  • Fence YN: Yes
  • Fencing: Wood
  • Flooring: See Remarks
  • Heating: Zoned, Electric, See Remarks
  • Heating YN: Yes
  • Inclusions: Microwave, Dishwasher, Freestanding Gas Range, All Window Blinds and Verticals
  • Interior Features: Copper Plumbing Full, Copper Plumbing Partial, Granite Counters, Partially Furnished, Recessed Lighting
  • Kitchen Features: Granite Counters
  • Laundry Features: Dryer Included, In Garage, Inside, Stackable, Washer Included
  • Laundry YN: Yes
  • Listing Agent License: 01894473
  • Listing Office License: 01894473
  • Lot Features: 2-5 Units/Acre
  • Lot Size Area: 3049.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Major Change Type: Price Change
  • Other Structures: Two On A Lot
  • Parking Features: Attached Carport, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener
  • Parking YN: Yes
  • Patio And Porch Features: Concrete, Patio, Front Porch, Roof Top, See Remarks, Wrap Around
  • Patio YN: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Roof: Asphalt, Shingle
  • Room Type: Great Room, Kitchen, Laundry, Main Floor Bedroom
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public
  • Window Features: Double Pane Windows
  • Year Built Source: See Remarks
Courtesy of Frances Lee Real Estate, Frances Lee

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