614 W Balboa Blvd, Newport Beach, CA 92661

Property Description

MAJOR PRICE IMPROVEMENT! LOT VALUE ! This classic vintage Newport Beach cottage with an attached separate residence is ideally located just one block to the Ocean and steps to the Bay. Family owned property for more than 50 years, never listed. The front cottage has been lovingly maintained, upgraded over the years while keeping some of the vintage appeal in the interior. Wide open sunny front patio adds to the charm. The front cottage has two bedrooms/one bath, cute kitchen, cozy living room and a back enclosed porch that does have washer/dryer hook-ups. Upgrades to the front house include remodeled kitchen and bath, new front facing windows, new electrical and main line plumbing replacement, forced air heat, as well as a newer roof. The back house is very basic with one bedroom, alcove office, one bath, long term tenant for many years. Current use of the property is non-conforming two units, property is Zoned R-1. Future development for a new single family home on this lot will have the following set backs per the City: 9 ft in front, 5ft on the alley, 3ft on each side. Approximate buildable square footage: 2400sq. ft. (Buyer to verify specifics). Prime location near Newport Peninsula activities, restaurants, fun-zone, and a bike ride away to both Piers.