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1213 W Balboa Blvd
For Sale $3,100,000
$3,100,000
- 3 Units
- Unknown Sq Ft
- 3,049 Sq Ft
- Unknown Cap Rate
Description
Development Opportunity: Two adjacent lots near the beach with a combined 6098 square feet of lot space in the 1st 100 block of Balboa Blvd., this unique offering at 1213 & 1209 W. Balboa Blvd. presents endless possibilities for investors and developers while generating almost $16,000 in combined monthly property income as you develop plans for future improvements. 1213 W. Balboa Blvd. features three spacious income apartments. The apartment homes include two 2-bedroom, 2-bath units—one upstairs and one downstairs—and a 1-bedroom, 1-bath unit located above the garages. The property also consists of a two-car garage, a one-car garage, and three tandem parking spots behind the garages. Tenants share the community laundry room located at 1209 W. Balboa Blvd. Together, these two lots provide a range of development opportunities. You could build your dream home, construct a home with an ADU, develop condos, or reconstruct and maintain them as income-generating apartments. Don’t miss this chance to own two side-by-side beach-close lots with incredible potential.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,100,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 3 spots |
| Year Built | 1952 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 04724110 |
| MLS # | PW24187699 |
| Property ID | 320844472 |
| Lot Sqft | 3,049 |
| Zoning | 31 |
| Total Units | 3 |
| Days on Market | 80 |
| Original List Price | $3,100,000 |
| Applicances | Electric Cooktop,Disposal,Gas Range,Water Heater% |
| Date Updated | October 18, 2024 |
| Date Created | September 06, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $7,750 | $0 |
| Net Income (Yr) | $ 67,941 |
| Cap Rate | 1.85% |
Listing Provided By
Kurt Galitski an agent of . Lic #01348644
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of October 18, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT