• Price$2,688,888
  • Beds7
  • Baths5
  • SQ. Feet2,373
  • Acres0.07
  • Built2018

1320 W Balboa Boulevard, Newport Beach

Great opportunity to own two beach homes in one 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". The property consists of two separate buildings separated by private courtyard in between. The entire buildings are being renovated from top to bottom and inside and outside. Renovation project was started since January 2018 and it will be all completed soon. Total of Three Units, possible to convert into FOUR UNITS. Front building consists of 1020 sf. one story with 3BR/2BA, balcony, private patio, laundry room is INSIDE of the unit. Rear Building consists of 2 story with 2 separate units. Top of the Rear Building has a brand new 505 sq. ROOF TOP DECK with 802 sf. 3BR/2BA and rear balcony, and bottom has 168 sf. 1BR/1BA, the second laundry area is inside of the garage. Each units have their own private patios for their outdoor entertainment, have FUN! FUN! FUN! while staying brand new cozy beach home! It offers total of 4 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® #PW18291338
  • Price$2,688,888
  • Bedrooms7
  • Bathrooms5.00
  • Full Baths5
  • Square Footage2,373
  • Acres0.07
  • Year Built2018
  • TypeResidential
  • Sub-TypeTriplex
  • StatusActive

Amenities

  • UtilitiesSewer Connected
  • Parking Spaces4
  • ParkingCarport Attached, Garage, Garage - Rear Entry, Garage - Single Door, Garage Door Opener
  • # of Garages2
  • ViewPeek-A-Boo View, Water View
  • PoolNone

Exterior

  • Lot Description2-5 Units/Acre
  • WindowsDouble Pane Windows
  • RoofAsphalt, Shingle

Additional Information

  • Date ListedDecember 14th, 2018
  • Days on Market34
  • ZoningR2

Community Information

  • Address1320 W Balboa Boulevard
  • AreaBalboa Peninsula (NP)
  • SubdivisionBalboa Peninsula (Residential) (BALP)
  • CityNewport Beach
  • CountyOrange
  • StateCA
  • Zip Code92661

Interior

  • Interior FeaturesCopper Plumbing Full, Copper Plumbing Partial, Granite Counters, Recessed Lighting, Partially Furnished
  • AppliancesDishwasher, Free Standing Range, Garbage Disposal, Microwave, Refrigerator, Tankless Water Heater
  • HeatingZoned, Electric, See Remarks
  • CoolingZoned A/C, Electric, See Remarks
  • FireplacesNone
  • StoriesOne Level, Two

School Information

  • DistrictNewport Mesa Unified

Listing Details

  • Listing AgentFrances Lee(01894473)
  • Listing OfficeFrances Lee Real Estate
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Based on information from California Regional Multiple Listing Service, Inc. as of January 18th, 2019 at 8:29pm 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.