1320 W Balboa Boulevard Newport Beach, CA 92661

$2,588,888 Price History
2,373 Sq.Ft. On Site: 67 Days
7 Beds
5 Baths
Built: 2018
Huge price reduction by motivated seller, priced to sell! Hurry this won't last. Great opportunity to own NEWLY RENOVATED FURNISHED TURNKEY conditioned TWO BEACH HOMES in A lot in the heart of the Balboa Peninsula! Completely ready to rent three units! It is a non conforming triplex. 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 DETACHED buildings with a spacious patio in between. 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.
Status:Active
Property Type:Triplex
MLS #:PW19032490
Year Built:2018
Sq. Feet:2373
On Site:67 Days
Lot Size:0.07 Acres

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
3/14/2019$2,688,888$2,638,888-1.9%
3/16/2019$2,638,888$2,588,888-1.9%

Community Information

Address:1320 W Balboa Boulevard Newport Beach, CA 92661
County:Orange
School System:Newport Mesa Unified
Zip Code:92661

Architecture

Bedrooms: 7
Bathrooms: 5
Year Built:2018
Stories:One,Two
Roofing: Asphalt, Shingle
Parking: Attached Carport, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener

Features / Amenities

Total Sq. Ft.:2373
Eating Areas: In Kitchen
Floor Material: See Remarks
Interior: Copper Plumbing Full, Copper Plumbing Partial, Granite Counters, Partially Furnished, Recessed Lighting
Kitchen Features: Granite Counters
Bathroom Features: Bathtub, Shower, Remodeled
Rooms: Great Room, Kitchen, Laundry, Main Floor Bedroom
Windows: Double Pane Windows
Common Walls: No Common Walls
Patio: Concrete, Patio, Front Porch, Roof Top, See Remarks, Wrap Around
Appliances: Dishwasher, Free-Standing Range, Disposal, Microwave, Refrigerator, Tankless Water Heater, Water Heater
Cooling Type: Zoned, Electric, See Remarks
Heating Type: Zoned, Electric, See Remarks

Property Features

Lot Size: 0.07 Acres / 3049 Sq. Ft.
Lot Features: 2-5 Units/Acre
View: Peek-A-Boo, Water
Lot Number: 6
Sewer: Public Sewer
Water: Public
Electric: Standard
Fence: Wood
Zoning:R2
Directions:Take 55 S. Continue on Newport Blvd, Continue on W. Balboa Blvd.

Tax and Financial Info

Land Lease: No

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Listing Information Last Updated 4/19/2019
Listing provided courtesy of Frances Lee, Frances Lee Real Estate.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/19/2019. 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.
Property Summary:
Home for sale at .

Description: The home at 1320 W Balboa Boulevard Newport Beach, CA 92661 with the MLS Number PW19032490 is currently listed at $2,588,888 and has been on the Newport Beach market for 66 days.

GeoCoordinates:
-117.9181035
33.606814

List Price: $2,588,888

You are viewing the MLS property details of the home for sale at 1320 W Balboa Boulevard Newport Beach, CA 92661, which is located in the Balboa Peninsula (Residential) (Balp) subdivision, includes 7 bedrooms and 5 bathrooms, and has approximately 2373 sq.ft. of living area.