1213 Balboa Boulevard, Newport Beach
Newport Beach Home For Sale
Development Opportunity: Two adjacent lots near the beach with a combined 6098 square feet of lot space in the 1st 100 block of Balboa Blvd., this unique offering at 1213 & 1209 W. Balboa Blvd. presents endless possibilities for investors and developers while generating almost $16,000 in combined monthly property income as you develop plans for future improvements. 1213 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, and three tandem parking spots behind the garages. Tenants share the community laundry room located at 1209 W. Balboa Blvd. 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.
Property Details
Additional Information
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- City:
- Newport Beach
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- County:
- Orange
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- Zip:
- 92661
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- MLS® #:
- PW24187699
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- Bedrooms:
- 5
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- Bathrooms:
- 5
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- Lot Size:
- 0.07
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- Neighborhood:
- Balboa Peninsula (Residential) (BALP)
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- Community:
- 234 BLOCK: 12LOT: 21
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- Levels:
- Two
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- Garages:
- 3
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of December 12th, 2024 at 1:13pm PST. 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.