California Homes for Sale
Jeff Cullen
951-338-9195951-338-9195

1320 W Balboa Boulevard, Newport Beach, CA 92661 (MLS # PW19032490)

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PRICE $2,688,888
BEDS 7
BATHS 5 full
HOME SIZE 2,373 sq ft
LOT SIZE 3,049 sqft

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.

OPEN HOUSE
Wednesday, February 20, 2019 10:30:00 AM to 12:00:00 PM

DAYS ON MARKET 8 LAST UPDATED 2/19/2019
TRACT Balboa Peninsula (Residential) (BALP) YEAR BUILT 2018
COMMUNITY Balboa Peninsula GARAGE SPACES 2.0
COUNTY Orange TOTAL PARKING 4
STATUS Active PROPERTY TYPE(S) Residential

SCHOOLS
School District Newport Mesa Unified


ADDITIONAL DETAILS
APPLIANCES Dishwasher, Free Standing Range, Garbage Disposal, Microwave, Refrigerator, Tankless Water Heater, Water Heater Unit
ASSESSMENTS Unknown
COMMONWALLS No Common Walls
COMMUNITYFEATURES Sidewalks
COOLING Electric, See Remarks, Zoned
EATINGAREA In Kitchen
ELECTRIC Standard
ELEVATIONUNITS Feet
FENCING Wood
FIREPLACEFEATURES None
FLOORING See Remarks
HEATING Electric, See Remarks, Zoned
INTERIORFEATURES Copper Plumbing Full, Copper Plumbing Partial, Granite Counters, Partially Furnished, Recessed Lighting
LAUNDRYFEATURES Dryer Included, In Garage, Inside, Stackable, Washer Included
LEVELS One, Two
LISTAGENTSTATELICENSE 01894473
LIVINGAREAUNITS Square Feet
LOTFEATURES 2-5 Units/Acre
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MAJORCHANGETYPE New Listing
MLSAREAMAJOR NP - Balboa Peninsula
OTHERSTRUCTURES Two On A Lot
PARKINGFEATURES Carport Attached, Garage, Garage - Rear Entry, Garage - Single Door, Garage Door Opener
PATIOANDPORCHFEATURES Concrete, Patio, Porch - Front, Roof Top, See Remarks, Wrap Around
POOLFEATURES None
PROPERTYCONDITION Turnkey, Updated/Remodeled
PROPERTYSUBTYPE Triplex
PROPERTYTYPE Residential
ROOF Asphalt, Shingle
ROOMBATHROOMFEATURES Bathtub, Remodeled, Shower
ROOMKITCHENFEATURES Granite Counters
ROOMTYPE Great Room, Kitchen, Laundry, Main Floor Bedroom
SEWER Public Sewer
SPAFEATURES None
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Active
UTILITIES Sewer Connected
VIEW Peek-A-Boo, Water
WATERSOURCE Public
WINDOWFEATURES Double Pane Windows
YEARBUILTSOURCE See Remarks

ZESTIMATE
$3199357  1320 W Balboa Boulevard, Newport Beach, CA

RENT ZESTIMATE
$3500 / mo.  1320 W Balboa Boulevard, Newport Beach, CA

51 Somewhat Walkable



 
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Listing provided by : Frances Lee License # 01894473, Frances Lee Real Estate

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