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$2,995,000
164 Days Online

301 E Balboa Boulevard
Newport Beach, CA 92661

For Sale|Multi-Family|Active
Subdivision:
Balboa Peninsula (Residential) (Balp)
County:
Orange
Listed by Joseph Berkson of Marcus & Millichap RE Invest 949-419-3232
Call Now: 949.375.4430
Is this the home for you? We can help make it yours.
949.375.4430
301 E Balboa Boulevard301 E Balboa Boulevard301 E Balboa Boulevard301 E Balboa Boulevard
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The Cottage at Balboa Peninsula is a quaint investment opportunity at the corner of Coronado Street and East Balboa Boulevard. It has a long and storied history which includes operating as a family compound, vacation rentals and, in its current configuration, as a 4 unit multifamily rental. The front unit which is on the corner of Balboa Boulevard and Coronado Street is two- bedrooms with one bath and a kitchen and small dining area. Two of the units (Units 1 and 2) are one bedrooms with one bath. One unit is a studio unit. Both the ones and the studio unit have kitchenettes. What makes this property particularly valuable is its corner location on Balboa Boulevard which takes it away from the Balboa Peninsula boardwalk while still providing ocean views and only being a few feet from the sand combined with the opportunity for an investor to redevelop the site. The City of Newport Beach will allow for the property to be redeveloped in a two-story, 2 unit plus one ADU configuration. Two parking spaces would be required. Even though 301 E. Balboa does not have beach frontage, because of its frontage on Coronado Street, each unit of a new development can be configured to have unobstructed ocean views. The property can then be operated as a rental property, a personal multi- unit residence or, if given City approval, vacation rentals. *** PLEASE NOTE THAT ALL INCOME AND EXPENSE INFORMATION SHOWN ON MLS FOR THIS PROPERTY IS PRO FORMA ***

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Listing Snapshot
Price 
$2,995,000
Days Online 
164 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,638 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.06 Acres
Year Built 
1921
MLS® Number 
OC23202618
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
5 months agoListing first seen online
General Features
Construction 
Wood Siding
Parking 
None
Parking Spaces 
0
Sewer 
Public Sewer
Number of Stories 
1
Acreage 
0.06
Water 
Public
Property Sub Type 
Quadruplex
Garage Spaces 
0
Utilities 
Cable ConnectedElectricity AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
Foundation 
Raised
Listing Conditions 
Standard
Property Condition 
Fixer
Interior Features
Cooling 
None
Heating 
Wall Furnace
Appliances 
Gas RangeWater Heater
Flooring 
Vinyl
Interior 
CeilingFansCeramicCountersLaminateCountersUnfurnishedAllBedroomsDown
Fireplace Features 
None
Laundry Features 
Common Area
Window Features 
Wood Frames
Fireplace 
No
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Exterior Features
Roof 
AsphaltCompositionFlatMixedRolled Hot MopShingle
View 
Ocean
Fencing 
Wood
Pool Features 
None
Lot 
Corner LotStreet Level
Road Frontage 
City Street
Community Features
Association Dues 
0
Community Features 
BikingFishingStreet LightsSuburbanSidewalksWater Sports
Senior Community 
No
MLS Area 
NP - Balboa Peninsula


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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