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Listed by Kurt Galitski • Coldwell Banker Realty
$ 3,100,000
Est. payment | /mo
2,066 SqFt
$ 3,100,000
Est. payment | /mo
2,066 SqFt
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,066 sqft
Price per Sqft $1,500
MLS Listing ID CRPW24187629
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1952
Lot Size 3,049 Sqft
Property Description
Development Opportunity: Two adjacent lots near the beach with a combined 6098 square feet of lot space in the 1st 100 block of Balboa Blvd., this unique offering at 1213 & 1209 W. Balboa Blvd. presents endless possibilities for investors and developers while generating almost $16,000 in combined monthly property income as you develop plans for future improvements. 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, and three tandem parking spots behind the garages. Tenants share the community laundry room located at 1209 W. Balboa Blvd. 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.
Location
State CA
County Orange
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Laminate, Carpet
Fireplace No
Laundry Common Area
Exterior
View Other
Building
Lot Description Other
Water Public
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Paul LeJoy
Broker-Owner | Lic# 01467744