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$3,799,000

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2 BD

2 BA

3,184 Sqft Lot

Price Dropped by $51K

1245 W Balboa BLVD Newport Beach, CA 92661

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 10:38 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision ,Unknown

MLS Listing ID NP24127815

Bedrooms 2

Three Quarter Bath 2

HOA Y/N No

Year Built 1924

Lot Size 3,184 Sqft

Lot Dimensions Estimated

Property 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.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Zoning R2

Rooms

Main Level Bedrooms 2

Ensuite Laundry Outside

Interior

Interior Features All Bedrooms Down

Laundry Location Outside

Heating Baseboard

Cooling None

Fireplaces Type None

Fireplace No

Appliance Free-Standing Range, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator

Laundry Outside

Exterior

Garage On Site, Off Street, One Space

Pool None

Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks, Water Sports

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected

View Y/N No

View None

Parking Type On Site, Off Street, One Space

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Front Yard, Rectangular Lot, Street Level, Tear Down, Value In Land, Yard

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer, Unknown

Water Public

Level or Stories One

New Construction No

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04724102

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Darwin Pearson • Pacific OC Properties • tueg94@ymail.com

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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