Courtesy of Berkshire Hathaway HomeService
Property Description
Lowest priced Single Family Home on the Peninsula! Motivated seller open to all offers! Ideally situated at the gateway to the Balboa Peninsula, this charming modern rustic home offers an exceptional opportunity to enjoy coastal living in one of Southern Californias most desirable locations with added upside for investors and developers. Just one block from the beach and moments from the scenic Newport Harbor canals, this 3-bedroom, 2.5-bathroom property combines livability with outstanding potential. Set on a 2,375 sq. ft. lot with R2 zoning, the home opens the door to a variety of value-add opportunities, including a custom remodel, luxury flip, or ground-up development of a duplex or two-unit investment property. With very high ARVs (After Repair Values) for new or extensively renovated homes nearby, this property offers a compelling canvas for those looking to maximize ROI in a prime coastal location. The home itself features a spacious front courtyardperfect for entertaining or simply relaxing in the ocean air. A convenient outdoor half-bath, ideal for rinsing off after the beach or hosting guests, enhances the seamless indoor-outdoor lifestyle. Inside, the homes nearly 1,200 sq. ft. footprint is warm and inviting, with thoughtful details and a touch of rustic character. While the upstairs bathroom has been recently updated and the kitchen is outfitted with premium Viking appliances, theres also ample opportunity to add value through further updates or expansion. A two-car garage provides valuable off-street parking, and the location offers effortless access to the be
Open House
Property Details and Features
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Bathrooms
- 1 half bathroom
- 2 full bathrooms
- 3 total bathrooms
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Bedrooms
- 3 bedrooms
- 3 total bedrooms
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Building
- 1,183 estimated square feet
- Source: Assessor Record
- Built in 1945
- 2 stories
- Brick
- Deck
- Patio
- Patio Open
- Porch
- Wood
- 2 story
-
Cooling
- Electric
-
Heating
- Electric
-
Laundry
- Inside
-
Listing
- Source: SDMLS
- For Sale
- 450 days on market
- Listed on 2024-03-11
-
Location
- County: Orange
-
Lot
- Approximately 2,375 square feet
- 1-3,999 SF
- Approximately 0 acres
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Garage
- 2 garage parking spaces
- Garage
-
Parking
- 2 total parking spaces
-
Property
- Ocean
- Canal
-
Roof
- Wood
-
Sewer
- Public Sewer
