4313 Channel Pl, Newport Beach, CA 92663

Property Description

THE LOWEST PRICED PROPERTY ON THE ENTIRE BALBOA PENINSULA. SELLER HAS LOCATED A REPLACEMENT PROPERTY...BRING AN OFFER! This property presents an ideal single-family rebuild opportunity, for those seeking the convenience of being just steps away from both Bay and Beach access. Situated on a corner lot, it faces the expansive and quaint Channel Place Park with a beach that leads directly to the Rivo Alto Canal. A Three Story Structure has the potential for offering panoramic views of the Bay, Hills and City Lights, Park and Ocean, while being tucked away from the beach crowd. Imagine building a custom home tailored to personify the coveted Balboa Peninsula Lifestyle. Fresh Ocean Breezes, breathtaking Sunsets, two blocks away from Surfing, and launching a Paddleboard or Kayak seconds from your back door are only the beginning. You'll enjoy local Restaurants, Boutiques, Art Galleries and beautiful Parks just a short walk or bike ride away. This hidden gem neighborhood has it all. Undergrounding of utilities is scheduled for the immediate area, there are nearby single-family new builds, several others currently under new construction within a few blocks away, and of course the revitalization throughout the Balboa Peninsula continues. Whether you are an end user, investor or developer, it's a seldom offered affordable 'diamond in the rough' opportunity on the Balboa Peninsula...and prices are rising. Check out the video, and don't miss out on creating the Perfect Coastal Paradise!