1320 W Balboa Boulevard, Newport Beach

$2,688,888

7 Beds
5 Baths
2,373 Sqft
.07 Acres
2 Garages

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.

Essential Information
MLS® #PW19032490
Price$2,688,888
Bedrooms7
Bathrooms5.00
Full Baths5
Square Footage2,373
Acres0.07
Year Built2018
TypeResidential
Sub-TypeTriplex
StatusActive
Community Information
Address1320 W Balboa Boulevard
AreaBalboa Peninsula (NP)
CityNewport Beach
CountyOrange
StateCA
Zip Code92661
Subdivision

Balboa Peninsula (Residential) (BALP)

Amenities
UtilitiesSewer Connected
Parking Spaces4
# of Garages2
ViewPeek-A-Boo View, Water View
PoolNone
Parking

Carport Attached, Garage, Garage - Rear Entry, Garage - Single Door, Garage Door Opener

Interior
HeatingZoned, Electric, See Remarks
FireplacesNone
StoriesOne Level, Two
Interior Features

Turnkey, Copper Plumbing Full, Copper Plumbing Partial, Granite Counters, Recessed Lighting, Partially Furnished

Appliances

Stackable, Dishwasher, Free Standing Range, Garbage Disposal, Microwave, Refrigerator, Tankless Water Heater, Water Heater Unit

Cooling

Zoned A/C, Electric, See Remarks

Exterior
Lot Description2-5 Units/Acre
WindowsDouble Pane Windows
RoofAsphalt, Shingle
School Information
DistrictNewport Mesa Unified
Additional Information
Date ListedFebruary 12th, 2019
Days on Market8
ZoningR2
Listing Details
AgentFrances Lee(01894473)
OfficeFrances Lee Real Estate
LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of February 21st, 2019 at 9:27pm PST. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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