1245 W Balboa Boulevard

Newport Beach, CA 92661
$3,779,000
432 sqft | 2 beds | 0.07 acres | #NP24127815
Courtesy of Pacific OC Properties

Description

The current property consists of a beach cottage and a detached efficiency studio in the garage structure and 1 off street parking spot. The property is located off a large 20 ft. alley with a large approximately 31 ft wide X 102.5 ft long lot. The beach cottage was completely remolded (inside down to studs) in 2020 with new windows and new roof. The owners have City of Newport Beach fully approved construction drawings (permit ready) for a brand new 3-story Single Family Dwelling with 3 story glass elevator, (4 bed, each with its own full bath, plus 2- powder rooms, and an attached full ADU (Accessory Dwelling Unit) with its own entry and patio. The new construction will provide 4 off street parking spaces including an attached 2-car garage and 2-car carport. The main house will total 2924 SF plus the ADU of 533 SF. The new home has 2 decks off the 2nd level (1 with ocean views) and the 3rd level has an 852 SF roof deck area with powder room, appliances, BBQ and fire pit and designed for a hot tub. Ocean views from 2nd and 3rd levels.

  • Property Details
      • Interior:AllBedroomsDown
      • Bedrooms:2
      • 3/4 Baths:2
      • Stories:1
      • Lot description:ZeroToOneUnitAcre, FrontYard, RectangularLot, StreetLevel, TearDown, ValueInLand, Yard
      • Acres:0.0731
      • Square Feet:432
      • Property type:Purchase
      • Year built:1924
      • Sewer information:PublicSewer, Unknown
      • Utility source:Public
      • Utility features:ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, UndergroundUtilities, WaterConnected
      • Subdivision:Unknown
      • School district:Newport Mesa Unified
      • County:Orange
      • Original List Price:$4, 000, 000
      • MLS #:NP24127815
      • Cost:3779000
      • Property subtype:SingleFamilyResidence
      • MLS #:NP24127815
      • Structure type:House

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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