1305 Park Avenue

    Newport Beach, CA 92662
    • $1,499,000
    • STATUS: Active
    • ON SITE: 187 days
    • ID#: LG19034942
    $1,499,000
    • 3
      BEDS
    • 0.03
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,200
      SQFT
    • $1,249
      $/SQFT
    Type:
    Single-Family Home
    Built:
    1948
    County:

    School Ratings & Info

    School District:

    Description

    ATTENTION INVESTORS, HERE'S A RARE OPPORTUNITY! This property produces Massive Rental Income; renters are already booked for the entire year, and new owner will inherit them all. Just one block from the beach, mere steps from the classic Village Inn, and a quick stroll to the countless shops, services, bars and restaurants along Marine Avenue, this charming coastal cottage is the most attainably priced home for sale on Balboa Island in Newport Beach. And that+GGs just for starters. Capturing the allure of 1940s Balboa Island living on the outside while offering updated interior spaces, the cozy duplex has tremendous income potential. Enjoy as is with a 2-bedroom, 1-bath upper-level unit and a 1-bedroom main-floor studio, or combine both into one extraordinary residence. A desirable half lot of approximately 1,200 square feet measures 39 x 30 feet, including one parking space and no common walls. Appliances, a fireplace, wood floors and a breakfast bar enhance living spaces, and the duplex+GGs location allows for quick and easy access on and off the island. Served by the award-winning Newport Mesa Unified School District, the one-of-a-kind residence is sure to sell fast, just in time for Balboa Island+GGs beautiful spring and summer seasons.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T00:31:10.953. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/91839297

    1305 Park Avenue Newport Beach, CA 92662

    • Price: $1,499,000
    • Status: Active
    • ID#: LG19034942
    3
    Beds
    2
    Baths
    0
    ½ Baths
    0.03
    Acres
    1,200
    SQFT
    $1,249
    $/SQFT
    1948
    Built
    Neighborhood:
    Balboa Island - Main Island (Balm)
    County:
    Orange
    Area:
    N9 - Lower Newport Bay - Balboa Island
    School District:
    Newport Mesa Unified
    Property Description
    ATTENTION INVESTORS, HERE'S A RARE OPPORTUNITY! This property produces Massive Rental Income; renters are already booked for the entire year, and new owner will inherit them all. Just one block from the beach, mere steps from the classic Village Inn, and a quick stroll to the countless shops, services, bars and restaurants along Marine Avenue, this charming coastal cottage is the most attainably priced home for sale on Balboa Island in Newport Beach. And that+GGs just for starters. Capturing the allure of 1940s Balboa Island living on the outside while offering updated interior spaces, the cozy duplex has tremendous income potential. Enjoy as is with a 2-bedroom, 1-bath upper-level unit and a 1-bedroom main-floor studio, or combine both into one extraordinary residence. A desirable half lot of approximately 1,200 square feet measures 39 x 30 feet, including one parking space and no common walls. Appliances, a fireplace, wood floors and a breakfast bar enhance living spaces, and the duplex+GGs location allows for quick and easy access on and off the island. Served by the award-winning Newport Mesa Unified School District, the one-of-a-kind residence is sure to sell fast, just in time for Balboa Island+GGs beautiful spring and summer seasons.
    Exterior Features

    Attached Garage YN Yes Garage Spaces 1.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 1.00 Pool Features None Pool Private YN No Property Attached YN No View City Lights View YN Yes

    Interior Features

    Bathrooms Full 2 Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Forced Air Heating YN Yes Interior Features BarPartially Furnished Laundry Features Inside Levels Two Main Level Bathrooms 1 Main Level Bedrooms 1 Room Type Main Floor Bedroom

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features CurbsSidewalks Country Us Elevation Units Feet Land Lease YN No Laundry YN Yes Lease Considered YN No Living Area Units Square Feet New Construction YN No Property Sub Type Duplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Balboa Island - Main Island (Balm) Water Source Public Year Built Source Assessor

    Listing provided courtesy of Andy Stavros of Douglas Elliman Of California, Inc. and Fu Wong of Douglas Elliman Of California


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T00:31:10.953. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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