Real Estate in Los Angeles and Orange Counties
James and Stephanie Makishima
310-904-6002310-904-6002

1320 W Balboa Boulevard, Newport Beach, CA 92661 (MLS # PW19032490)

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PRICE $2,588,888
BEDS 7
BATHS 5 full
HOME SIZE 2,373 sq ft
LOT SIZE 3,049 sqft

Huge price reduction by motivated seller, priced to sell! Hurry this won't last. Great opportunity to own NEWLY RENOVATED FURNISHED TURNKEY conditioned TWO BEACH HOMES in A lot in the heart of the Balboa Peninsula! Completely ready to rent three units! It is a non conforming triplex. Situated just steps away from both the beach and bay. Steps away from world renown surf spot "The Point" and "Balboa Pier". The property consists of two DETACHED buildings with a spacious patio in between. 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.

DAYS ON MARKET 69 LAST UPDATED 4/19/2019
TRACT Balboa Peninsula (Residential) (BALP) YEAR BUILT 2018
COMMUNITY Balboa Peninsula GARAGE SPACES 2.0
COUNTY Orange TOTAL PARKING 4
STATUS Active PROPERTY TYPE(S) Residential

SCHOOLS
School District Newport Mesa Unified

PRICE HISTORY
Prior to Mar 14, '19 $2,688,888
Mar 14, '19 - Mar 16, '19 $2,638,888
Mar 16, '19 - Today $2,588,888


ADDITIONAL DETAILS
APPLIANCES Dishwasher, Disposal, Free-Standing Range, Microwave, Refrigerator, Tankless Water Heater, Water Heater
ASSESSMENTS Unknown
ASSOCIATIONFEE 0.00
ATTACHEDGARAGEYN 0
BATHROOMSFULL 5
BATHROOMSHALF 0
BATHROOMSONEQUARTER 0
BATHROOMSTHREEQUARTER 0
CARPORTSPACES 2.00
CITY Newport Beach
COMMONWALLS No Common Walls
COMMUNITYFEATURES Sidewalks
COOLING Electric, See Remarks, Zoned
COUNTRY US
COUNTYORPARISH Orange
CURRENTFINANCING Conventional
EATINGAREA In Kitchen
ELECTRIC Standard
ELEVATIONUNITS Feet
FENCING Wood
FIREPLACEFEATURES None
FLOORING See Remarks
GARAGESPACES 2.00
HEATING Electric, See Remarks, Zoned
HIGHSCHOOLDISTRICT Newport Mesa Unified
INTERIORFEATURES Copper Plumbing Full, Copper Plumbing Partial, Granite Counters, Partially Furnished, Recessed Lighting
LANDLEASEYN 0
LAUNDRYFEATURES Dryer Included, In Garage, Inside, Stackable, Washer Included
LEVELS One, Two
LISTAGENTAOR Pacific West
LISTAGENTSTATELICENSE 01894473
LIVINGAREAUNITS Square Feet
LOTFEATURES 2-5 Units/Acre
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MAJORCHANGETYPE Price Change
MLSAREAMAJOR NP - Balboa Peninsula
OTHERSTRUCTURES Two On A Lot
PARCELNUMBER 04723328
PARKINGFEATURES Attached Carport, Garage, Garage - Single Door, Garage Door Opener, Garage Faces Rear
PATIOANDPORCHFEATURES Concrete, Front Porch, Patio, Roof Top, See Remarks, Wrap Around
POOLFEATURES None
PRICEPERSQUAREFOOT 1090.98
PROPERTYCONDITION Turnkey, Updated/Remodeled
PROPERTYSUBTYPE Triplex
PROPERTYTYPE Residential
ROOF Asphalt, Shingle
ROOMBATHROOMFEATURES Bathtub, Remodeled, Shower
ROOMKITCHENFEATURES Granite Counters
ROOMTYPE Great Room, Kitchen, Laundry, Main Floor Bedroom
SEWER Public Sewer
SPAFEATURES None
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Active
STATEORPROVINCE CA
STREETSUFFIX Boulevard
TAXTRACTNUMBER 234
UTILITIES Sewer Connected
VIEW Peek-A-Boo, Water
WATERSOURCE Public
WINDOWFEATURES Double Pane Windows
YEARBUILTSOURCE See Remarks

ZESTIMATE
$3090005  1320 W Balboa Boulevard, Newport Beach, CA

RENT ZESTIMATE
$3495 / mo.  1320 W Balboa Boulevard, Newport Beach, CA

56 Somewhat Walkable



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

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 4/22/19 12:48 AM PDT 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