About 1209 Balboa Boulevard
Rare Opportunity: Two adjacent lots near the beach are being sold separately but contingent on the buyer buying both properties at $3,100,000 each. Located near the beach in the 1st 100 block of Balboa Blvd., this unique offering at 1209 & 1213 W. Balboa Blvd. presents endless possibilities for investors and developers. The property at 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, three tandem parking spots behind the garages, and a community laundry room with a pay-per-use washer and dryer owned and serviced by an outside company. This property is being offered contingent on the sale of 1213 W. Balboa Blvd., and 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. *The square footage of apartments is estimated.
Features of 1209 Balboa Boulevard
| MLS® # | PW24187629 |
|---|---|
| Price | $3,100,000 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Acres | 0.07 |
| Year Built | 1952 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 1209 Balboa Boulevard |
|---|---|
| Area | NP - Balboa Peninsula |
| Subdivision | Balboa Peninsula (Residential) (BALP) |
| City | Newport Beach |
| County | Orange |
| Zip Code | 92661 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Parking Spaces | 6 |
| Parking | Assigned |
| # of Garages | 3 |
| Garages | Assigned |
| View | Peek-A-Boo |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Carpet, Laminate |
|---|---|
| Interior Features | High Ceilings, All Bedrooms Up, All Bedrooms Down |
| Appliances | Disposal, Gas Range, Water Heater |
| Heating | Wall Furnace |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior Features | Rain Gutters |
|---|---|
| Lot Description | TwoToFiveUnitsAcre, Rectangular Lot |
| Windows | Blinds |
| Foundation | Slab |
Additional Information
| Date Listed | September 6th, 2024 |
|---|---|
| Days on Market | 31 |
| Zoning | 31 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Kurt Galitski |
|---|---|
| Office | Coldwell Banker Realty |