Situated just one house from the boardwalk and mere blocks from the lively Balboa Village and Fun Zone, this three-story triplex offers prime coastal living and an exceptional investment opportunity. Priced at $1,200 per square foot—well below the average for comparable properties on the Balboa Peninsula—this property presents significant value. With all tenants on month-to-month leases, it’s a great redevelopment opportunity or a chance to collect steady rental income and benefit from future appreciation. Designed and built by renowned architect Svend Nielsen, the property exudes unique charm and thoughtful design. Each of the three units includes 2 bedrooms, 1 bathroom, and in-unit laundry for convenience. The second and third-floor units enjoy peek-a-boo ocean views, while all units offer private outdoor spaces, including balconies. Additional amenities include a two-car carport for the second- and third-floor units, a ground-floor private shower room, and recent upgrades such as a roof replacement in 2023, a Tesla solar system, and smart home features, including automated blinds, thermostats, and a security system—all controllable remotely. The property is professionally managed, generating stable income with the potential for future rent growth. Don’t miss this rare opportunity to invest in a prime coastal location with endless possibilities.
|
DAYS ON MARKET
|
50
|
LAST UPDATED
|
10/10/2024
|
|
TRACT
|
Balboa Peninsula (Residential) (BALP)
|
YEAR BUILT
|
1959
|
|
COMMUNITY
|
Balboa Peninsula
|
COUNTY
|
Orange
|
|
STATUS
|
Conditional
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
None |
| APPLIANCES |
Dishwasher, Electric Cooktop |
| AREA |
Balboa Peninsula |
| FIREPLACE |
Yes |
| GARAGE |
Carport |
| HEAT |
Fireplace(s), Wall Furnace |
| HOA DUES |
0 |
| INTERIOR |
Balcony, Ceiling Fan(s), Galley Kitchen |
| LOT |
2178 sq ft |
| LOT DESCRIPTION |
2-5 Units/Acre |
| PARKING |
Carport |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
3 |
| SUBDIVISION |
Balboa Peninsula (Residential) (BALP) |
| UTILITIES |
Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Connected,Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Coastline,Neighborhood,Ocean,Peek-A-Boo |
| WATER |
Public |
| WATERFRONT |
Yes |
| WATERFRONT DESCRIPTION |
Across the Road from Lake/Ocean |
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Listed with Coldwell Banker Realty
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 11/14/24 2:05 PM PST 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
This IDX solution is (c) Diverse Solutions 2024.
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