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

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PRICE $2,688,888 dsIDX morgage calculator
BEDS 7
BATHS 5 baths
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.

DAYS ON MARKET 3 LAST UPDATED 2/12/2019
TRACT Balboa Peninsula (Residential) (BALP) YEAR BUILT 2018
COMMUNITY NP - Balboa Peninsula COUNTY Orange
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
School District Newport Mesa Unified


ADDITIONAL DETAILS
AIR Electric, See Remarks, Zoned
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Free Standing Range, Garbage Disposal, Microwave, Refrigerator, Tankless Water Heater, Water Heater Unit
AREA NP - Balboa Peninsula
GARAGE Carport Attached, Garage, Garage - Rear Entry, Garage - Single Door, Garage Door Opener
HEAT Electric, See Remarks, Zoned
HOA DUES 0.00
INTERIOR Copper Plumbing Full, Copper Plumbing Partial, Granite Counters, Partially Furnished, Recessed Lighting
LOT 3049 sq ft
LOT DESCRIPTION 2-5 Units/Acre
PARKING Spaces: 4.00
POOL DESCRIPTION None
SEWER Public Sewer
SUBDIVISION Balboa Peninsula (Residential) (BALP)
UTILITIES Sewer Connected
VIEW Yes
VIEW DESCRIPTION Peek-A-Boo,Water
WATER Public
ZONING R2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by : Frances Lee CalDRE: 01894473, Frances Lee Real Estate

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2/15/19 11:28 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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