1320 W Balboa Boulevard, Newport Beach, CA 92661 | MLS PW19032550 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
(800) 660-9140

1320 W Balboa Boulevard,  Newport Beach CA, 92661

2,373 sqft
Status: NEW LISTING
MLS#: PW19032550
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Real Living Pacific Realty
(800) 660-9140

Listing Provided Courtesy Of: Frances Lee Real Estate
Last Updated: 2/18/2019 1:31 PM
Description for 1320 W Balboa Boulevard Newport Beach, CA 92661
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.
Price
$2,688,888
Balboa Peninsula (Residential) (Balp)
Orange
2,373 (approx)
PW19032550
NEW LISTING
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.
Listing Information
Property Type: Cluster, 2 Story, 1 Story
0.07 Acres 2,373 (approx) $1,133.12
2018 Yes- 2 spaces
Balboa Peninsula (Residential) (Balp)
Tankless Water Heater, Common Hot Water Heater
3 Total
Neighborhood
Room Information
First Floor Bedroom
Hookups in Garage, Inside
Interior Features
Dishwasher, Range/Oven Free Standing, Garbage Disposal, Microwave, Refrigerator, Dryer, Washer
Electric, A/C - Zone
Electric Heating, Zone
Full Copper Plumbing, Part Copper Plumbing
No Fireplace
Furnished, Partially Furnished
Exterior / Lot Features
2 Garage Spaces, 4 Parking Spaces, Attached Carport, Garage
Asphalt, Shingle
Water, Peek-A-Boo View
Wood
Sidewalks, Two On a Lot
Driving Directions
Take 55 S. Continue on Newport Blvd, Continue on W. Balboa Blvd.
Financial Considerations
04723328
$147,600 Income ,$29,800Expense
Listing Price History

Newport Beach Real Estate

Newport Beach is located in California. Newport Beach, California 92661 has a population of 87,127.

The median household income in Newport Beach, California 92661 is $107,991. The median household income for the surrounding county is $75,998 compared to the national median of $53,482. The median age of people living in Newport Beach 92661 is 44.7 years.

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Courtesy: Frances Lee - Frances Lee Real Estate
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 2/18/2019 1:31 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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