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Description Open House Details Location Schools Recent Sales
$3,100,000 Est. $11,415 / mo.*

1209 W Balboa Boulevard Newport Beach , CA 92661

Property listed by Coldwell Banker Realty, Kurt Galitski {attribution_contact}

Description

3 Units
Property Type: Mixed Use
Status: Active
Year Built: 1952
Neighborhood: Balboa Peninsula (residential) (balp)
Days on Website: 72
Development Opportunity: Two adjacent lots near the beach with a combined 6098 square feet of lot space in the 1st 100 block of Balboa Blvd., this unique offering at 1213 & 1209 W. Balboa Blvd. presents endless possibilities for investors and developers while generating almost $16,000 in combined monthly property income as you develop plans for future improvements. 1209 W. Balboa Blvd. features three spacious income apartments. The apartment homes include two 2-bedroom, 2-bath units—one upstairs and one downstairs—and a 1-bedroom, 1-bath unit located above the garages. The property also consists of a two-car garage, a one-car garage, and three tandem parking spots behind the garages. Tenants share the community laundry room located at 1209 W. Balboa Blvd. Together, these two lots provide a range of development opportunities. You could build your dream home, construct a home with an ADU, develop condos, or reconstruct and maintain them as income-generating apartments. Don’t miss this chance to own two side-by-side beach-close lots with incredible potential.

Open House

Property Details and Features

Property Access
Road surface type:
AlleyPaved
Appliances & Equipment
Disposal
GasRange
WaterHeater
Building
Built in 1952
Building area total:
2,066
Levels:
Two
2 stories
2 buildings
Architectural style:
,Attached
Common walls:
TwoCommonWallsOrMore
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Tour This Home

Contact an Agent

Christopher Lechner

(562) 972-0388

Location

$3,100,000 -
1209 W Balboa Boulevard Newport Beach , CA 92661
Subdivision name: Balboa Peninsula (Residential) (BALP)

Street View

Nearby Schools

Recent Sales in the Area