1113 W Balboa Boulevard, Newport Beach, California 92661, Newport Beach, - bed, bath

home-pic
ACTIVE$3,945,000
1113 W Balboa Boulevard, Newport Beach, California 92661
6Beds
4Baths
2,100Sqft
3,154Lot
Year Built
1929
Close
-
List price
$3.94M
Original List price
$4.29M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25007733
Home ConditionGood
Features
Good View: City Lights, Peek-A-Boo
Patio
ViewCity Lights,Peek-A-Boo

About this home

What a dream come true to own one of the best locations on the Balboa Peninsula and a property that has TWO ACTIVE SHORT TERM LODGING PERMITS. This duplex is situated between the Newport and Balboa Piers, just one house from the ocean and just a short block away from the Balboa Bay! 1113 W. Balboa has a fabulously large lot...31 X 103... can suite many buyers needs. Property is zoned R2 Single.. Totally remodeled from stem to stern. The front cottage is 3 bedrooms and two bathrooms, not all bedrooms have closets, wardrobes have been provided and laundry facilities. Not only do you have a a front garden, you have a private back patio/yard for BBQ-ing. The back cottage is remarkable... in the sense that you have three stories, from the second floor kitchen you have a peek of the ocean and from the third story loft/family room your view is fairly lovely. Once again, the back cottage has been totally remodeled, like living in a coastal cottage 'treehouse'. This property has an attached garage with laundry facilities. All furnishings are included for both properties.

Nearby schools

9/10
Newport Elementary School
Public,PK-60.2mi
7/10
Horace Ensign Intermediate School
Public,7-80.9mi
7/10
Newport Harbor High School
Public,9-121.3mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds63
96%
Baths44
50%
Square foot2,1002,548
48%
Lot Size3,1542,660
64%
Price$3.94M$6.5M
32%
Price per square foot$1,879$2,784
20%
Built year19291991
4%
HOA
Days on market296212
84%
Condition Rating
Good

The property, built in 1929, has been "totally remodeled from stem to stern." The images show updated kitchens and bathrooms with modern appliances and fixtures. While the property isn't newly built, the extensive remodeling suggests a condition that is move-in ready with well-maintained systems, justifying a 'good' score.
Pros & Cons

Pros

Prime Location: Located on Balboa Peninsula, between Newport and Balboa Piers, offering proximity to the ocean and Balboa Bay.
Short Term Rental Permits: Possesses TWO active short-term lodging permits, a significant income-generating opportunity.
Remodeled Condition: The duplex has been totally remodeled, suggesting modern amenities and reduced immediate maintenance needs.
Furnishings Included: All furnishings are included for both cottages, making it move-in ready and attractive for immediate rental income.
Duplex Structure: The property consists of two separate cottages, offering flexibility for rental income or multi-generational living.

Cons

Year Built: Built in 1929, the property may have older infrastructure requiring potential future upgrades or repairs.
Bedroom Closet Limitations: Not all bedrooms in the front cottage have closets, potentially impacting appeal to some buyers.
Lot Size: The lot size is relatively small, which might limit expansion possibilities or outdoor living space compared to other properties.

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