1213 W Balboa Boulevard
Newport Beach, CA 92661
Listing provided courtesy of: Karly Brown, Broker
Property Description
Outstanding investment opportunity for the buyer with a vision. Just one house to the beach and very close to all that Balboa Peninsula offers. This two story triplex offers exceptional long term rental income, close proximity to the oceanfront and plenty of garage and parking space for all units. Tenants enjoy the use of the laundry room, relaxing areas in the courtyard or front patio. This property has been upgraded over the last five years and can be used as rentals yearly or summer/winter rentals to maximize income stream. There are two units with 2 bedrooms 2 bathrooms and one unit over the garage with 1 bedroom and 1 bathroom. All units are currently occupied. Next door is 1209 W. Balboa and is the exact mirror of 1213. Buy one or buy both and create a development project with high enough build to enjoy white water views year round for the upper units. The highest and best use of this land would be to build stacked condo's with elevators and balconies. The city of Newport Beach has consulted with an architect on the possible future development of 1209 and 1213 W. Balboa. Hurry because this type of property sells fast in Newport Beach, Balboa Peninsula.
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Features:
Electric Range, Gas Water Heater, Refrigerator Carpet, Laminate Beamed Ceilings, High Ceilings Rectangular Lot Assigned Public Sewer Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected Beach Access
| Price: | $3,100,000 |
| Interior (SQFT): | 3,049 |
| Lot Size (SQFT): | 3,049 |
| Property Type: | Residential Income |
| Year Built: | 1952 |
| Subdivision: | Balboa Peninsula |
Listing provided courtesy of: Karly Brown, Broker. 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. Based on information from California Regional MLS. 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. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 04/29/2025 17:15:21
