1209 W Balboa Boulevard
Newport Beach, CA 92661
Active for $3,100,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 3,049 sqft
MLS | PW24187629 |
Year Built | 1952 |
Property Type | Mixed Use |
County | Orange |
Status | Active |
Active | $3,100,000 |
Structure Size | N/A sqft |
Lot Size | 3,049 sqft |
Beds | N/A |
Baths | N/A |
Description
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 1209 & 1213 W. Balboa Blvd. presents endless possibilities for investors and developers. The property at 1209 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, and a community laundry room with a pay-per-use washer and dryer owned and serviced by an outside company. This property is being offered contingent on the sale of 1213 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. *The square footage of apartments is estimated.
Listing information courtesy of: Kurt Galitski, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of 09/21/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.