43
See all 43 photos
$3,295,000
Est. payment /mo
7 Beds
6 Baths
3,049 Sqft Lot
New
1200 W Balboa Newport Beach, CA 92661
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (
MLS Listing ID OC26237091
Bedrooms 7
Lot Size 3,049 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
A rare corner-lot multifamily opportunity on Newport Beachs Balboa Peninsula, 1200 W Balboa Boulevard combines an elevated, raised-foundation setting, a versatile THREE-UNIT CONFIGURATION, and exceptional coastal walkability. The upper-level three-bedroom, two-bathroom unit features a standout deck with outstanding OCEAN-VIEWS AND PARTIAL BAY VIEWS. Two single-level, two-bedroom, two-bathroom residences occupy the front and rear of the property, separated by a shared courtyard and community laundry room. A two-car garage and an additional carport space provide valuable parking. Held by the same owner for nearly 40 years, the property reflects longstanding pride of ownership and offers compelling potential for investors and buyers seeking an owners residence with rental income. Well-maintained interiors are complemented by a newer roof, dual-pane windows, ongoing termite maintenance, upgraded ABS drain lines, and upgraded electrical panels. The upper residence also features central heating. With tenants in place and strong rental upside potential, the property offers established income and an appealing opportunity for long-term growth. Its thoughtful configuration is equally attractive for those looking to occupy one residence while renting the others. Centrally located between Marina Park, Newport Pier, and the Balboa Fun Zone, this quiet coastal setting places beaches, bayfront recreation, dining, and shopping within easy reachan exceptional opportunity to enjoy and invest in the Peninsula lifestyle.
Location
State CA
County Orange
Zoning Assessor
Direction 1200 Block, South of Marine Village, North of the Fun Zone
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 04723411
Listed by Brian Wollner, DRE#01889264 Compass
NEARBY SCHOOL & BUSINESS