300 E BALBOA Blvd, Newport Beach, CA 92661

Property Description

Prime Location in the Heart of Balboa Penninsula, Trophy Lot, The property consist of 2 Residential Units/Duplex, The front cottage built in 1905, 2bdrm/2bath, 1027sf, Rear Unit built in 1954 consist of 2bdrms/1bath, 810 sf. Sits on a Double Corner Lot, fronts Balboa Blvd, and sides Coronado St. Only steps from the Ocean, a short stroll to Balboa Pier and The FUN ZONE, blocks from Newport Bay, good proximity to schools, shopping, recreation and the Pacific Ocean. Partial Ocean views down Coronado St. or from the Roof top Deck, accessible through the rear 2nd level unit. 2 Car attached garage + 1 reserved street parking. Home in need of a repairs, most of the home is original, single wall construction (redwood). The sites current zoning does allow for 2 residential units, could be redeveloped with 2 multi family units, 2 condos or a SFR. Utilities were changed from above ground to under ground in 2009, cost of $15k PAID upfront by owner.