Active

1213 W Balboa Boulevard

Newport Beach CA, 92661

$3,100,000


$1,357.27 per sqft

Active

2,284 sqft

Multi-family

Built in 1952

Listed by Kurt Galitski with Coldwell Banker Realty 714-957-6677

Rare Opportunity: Two adjacent lots near the beach are being sold separately but contingent on the buyer buying both properties at $3,100,000 each.
Located near the beach in the 1st 100 block of Balboa Blvd., this unique offering at 1213 & 1209 W. Balboa Blvd. presents endless possibilities for investors and developers.

The property at 1213 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, three tandem parking spots behind the garages. Tenants share the community laundry room located at 1209 W. Balboa Blvd.

This property is being offered contingent on the sale of 1209 W. Balboa Blvd., and 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.

Square footage of apartments is estimated.

PW24187699

MLS ID

September 12, 2024

Listed

October 7, 2024

Updated

Map

1213 W Balboa Boulevard
Newport Beach CA, 92661

Interior Features

Total Stories

2


Interior Features

Beamed Ceilings, High Ceilings, Unfurnished, All Bedrooms Up, All Bedrooms Down


Appliances

Electric Cooktop, Disposal, Gas Range, Water Heater


Laundry Description

None


Floor Description

Carpet, Laminate, Tile


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.07 Acres


Lot Features

2-5 Units/Acre


Sewer

Public Sewer

Other Property Details

Area Name

NP - Balboa Peninsula


Days on Market

11


Garage

Yes


Garage Spaces

3


Parking

Assigned, Garage


Parking Total

6


View

No


View Description

None


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Zoning

31

Listing Contact: 949-644-1600 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/7/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/7/2024 at 12:27 PM UTC

 

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