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Michelle & Bradley Kapture

michelleandbradleykapture@gmail.com +1(818) 943-9633

Listed by Karly Brown • Karly Brown, Broker

$ 3,100,000

Est. payment -/mo

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Active

1209 West Balboa Boulevard Newport Beach, CA 92661

3,049 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP-25068186

Year Built 1952

Lot Size 3,049 Sqft

Property Sub-Type Triplex

Property Description

Outstanding investment opportunity for the buyer with a vision. Just one house to the beach and very close to all the Balboa Peninsula offers. This two story triplex offers exceptional long term rental income, close proximity to the oceanfront and plenty of parking/garage 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 5 years and can be used as rentals yearly or summer/winter rentals to maximize income stream. There are two units with 2 bedrooms and 2 bathrooms and one unit over garage is 1 bedroom and 1 bathroom. All units are currently occupied. Next door is 1213 W. Balboa and is the exact mirror of 1209. Buy one or buy both and create a development project with a high enough build to enjoy white water views year round from the upper units. The highest and best use would be 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!

Location

State CA

County Orange

Area Np - Balboa Peninsula

Interior

Interior Features Beamed Ceilings

Heating Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type None

Laundry Common Area

Exterior

Parking Features Garage - Single Door, Garage Faces Rear, Tandem Uncovered, Assigned

Garage Spaces 3.0

Pool None

Community Features Sidewalks, Storm Drains, Street Lights, Watersports

Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description Rectangular Lot, 2-5 Units/Acre

Sewer Public Sewer

Michelle & Bradley Kapture

Agent | License ID: 02160991

+1(818) 943-9633

Michelle & Bradley Kapture

1209 West Balboa Boulevard Newport Beach, CA 92661

Key Details

Location

Interior

Exterior

Building

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1209 West Balboa Boulevard