1209 W Balboa Boulevard
Newport Beach, CA 92661
- – beds
- – baths
- – sqft
- 3,049 sqft lot
- 1952 build
- – on site
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. 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, 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.
Listed By CRMLS_CA / Kurt Galitski / Coldwell Banker Realty / 714-957-6677
Last checked:
Checking…
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Last updated Oct 18, 2024
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MLS# PW24187629 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1952
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Year Built Source:See Remarks
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New Construction:No
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Building Area Total:2066.00
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Building Area Units:Square Feet
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Total Number Of Units:3
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# of Buildings:2
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Foundation:Slab
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Exterior Features:Rain Gutters
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Stories Total:2
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Entry Level:2
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:3
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# of Separate Water Meters:3
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# of Separate Electric Meters:3
Interior
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Features:High Ceilings
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Levels:Two
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Entry Location:1st and 2nd floors
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Window Features:Blinds
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Flooring:Carpet, Laminate
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Room Type:All Bedrooms Down, All Bedrooms Up, Kitchen
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Fireplace:No
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Fireplace:None
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Laundry:Common Area
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Laundry:1
Location
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Directions:South on the 55 freeway to Balboa Blvd. The property is on the ocean side of Balboa Blvd. just past Newport Elementary School.
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Latitude:33.60593700
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Longitude:-117.91659800
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:31
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Lot Features:2-5 Units/Acre, Rectangular Lot
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Lot Size Area:3049.0000
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Lot Size Dimensions:31 103 31 103
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Lot Size Acres:0.0700
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Lot Size SqFt:3049.00
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Lot Size Source:See Remarks
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Lot Dimensions Source:Public Records
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View:1
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View:Peek-A-Boo
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Road Surface Type:Alley Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:12
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Tax Tract:N-TRACT: 234 BLOCK: 12LOT
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Tax Census Tract:628.00
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Tax Area:07001
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Taxes Percent:2.00
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Tax Year:2023
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Tax Tract:234
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Tax Lot:22
The Listing
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Special Listing Conditions:Standard, Trust
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Parcel Number:04724111
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Disposal, Gas Range, Water Heater
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Included:Yes
The Community
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Subdivision:Balboa Peninsula (Residential) (BALP)
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Subdivision:Balboa Peninsula (Residential) (BALP)
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Features:Gutters
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Special Assessments, Sewer Assessments, Buyer to Assume, Buyer to Verify
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:6.00
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Garage Spaces:3.00
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Uncovered Spaces:3.00
Extra Units
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Average 1 Bed Area:700
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Average 2 Bed Area:1100
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Number With Carpet:2
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Number With Disposal:3
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Number With Refrigerator:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/12/24
Sep 12, 2024
|
Listed / Active | CRMLS_CA | $3,100,000 |