Upcoming Open Houses:
2/17/2019
·
2/20/2019
·
2/24/2019
  • 7 Beds
  • 5 Baths
  • 2,373 sq ft
  • $2,688,888
Request a Showing
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.
MLS #PW19032490Days on Market5
Last Updated2/16/2019Year Built2018
TractBalboa Peninsula (Residential) (BALP)CommunityBalboa Peninsula
Garage Spaces2CountyOrange
Total Parking4StatusActive
Property Type(s)Residential

Additional Features & Details

Appliances
  • Dishwasher
  • Free Standing Range
  • Garbage Disposal
  • Microwave
  • Refrigerator
  • Tankless Water Heater
  • Water Heater Unit
Assessments
  • Unknown
Attached Garage YN
  • 0
City
  • Newport Beach
Common Walls
  • No Common Walls
Community Features
  • Sidewalks
Cooling
  • Electric
  • See Remarks
  • Zoned
Country
  • US
County Or Parish
  • Orange
Current Financing
  • Conventional
Eating Area
  • In Kitchen
Electric
  • Standard
Elevation Units
  • Feet
Fencing
  • Wood
Fireplace Features
  • None
Flooring
  • See Remarks
Heating
  • Electric
  • See Remarks
  • Zoned
High School District
  • Newport Mesa Unified
Interior Features
  • Copper Plumbing Full
  • Copper Plumbing Partial
  • Granite Counters
  • Partially Furnished
  • Recessed Lighting
Laundry Features
  • Dryer Included
  • In Garage
  • Inside
  • Stackable
  • Washer Included
Levels
  • One
  • Two
List Agent AOR
  • Pacific West
Living Area Units
  • Square Feet
Lot Features
  • 2-5 Units/Acre
Lot Size Source
  • Assessor
Lot Size Units
  • Square Feet
Major Change Type
  • New Listing
MLSArea Major
  • NP - Balboa Peninsula
Other Structures
  • Two On A Lot
Parcel Number
  • 04723328
Parking Features
  • Carport Attached
  • Garage
  • Garage - Rear Entry
  • Garage - Single Door
  • Garage Door Opener
Patio And Porch Features
  • Concrete
  • Patio
  • Porch - Front
  • Roof Top
  • See Remarks
  • Wrap Around
Pool Features
  • None
Property Condition
  • Turnkey
  • Updated/Remodeled
Property Sub Type
  • Triplex
Property Type
  • Residential
Roof
  • Asphalt
  • Shingle
Room Bathroom Features
  • Bathtub
  • Remodeled
  • Shower
Room Kitchen Features
  • Granite Counters
Room Type
  • Great Room
  • Kitchen
  • Laundry
  • Main Floor Bedroom
Sewer
  • Public Sewer
Spa Features
  • None
Special Listing Conditions
  • Standard
Standard Status
  • Active
State Or Province
  • CA
Street Suffix
  • Boulevard
Tax Tract Number
  • 234
Utilities
  • Sewer Connected
View
  • Peek-A-Boo
  • Water
Water Source
  • Public
Window Features
  • Double Pane Windows
Year Built Source
  • See Remarks

Zestimate Details for: 1320 W Balboa Boulevard, Newport Beach, CA

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

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Based on information from California Regional Multiple Listing Service, Inc. as of 2/17/19 11:02 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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