MLS® ID: LG19034942

1305 Park Avenue

Newport Beach, California, 92662

$1,499,000 Active
  • 3 Beds
  • 2 Baths
  • 1200 SQFT
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’s 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’s 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’s beautiful spring and summer seasons.
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Listing courtesy of DOUGLAS ELLIMAN OF CALIFORNIA, INC.

Amenities

  • Full baths
    2
  • Half baths
    0
  • Full Baths Range
    2 Baths
  • Total Baths
    2
  • Zip
    92662
  • Office name
    DOUGLAS ELLIMAN OF CALIFORNIA, INC.
  • SQFT
    1200
  • Bedrooms
    3
  • Property type
    Duplex
  • School district
    Newport Mesa Unified
  • Year built
    1948
  • Lot size
    1170.00
  • Sewer
    Public Sewer
  • Heating
    Forced Air
  • Tax year
    0
  • Agent name
    Andy Stavros
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $1.25m-$1.5m
  • Square Feet Range
    1000-1500 sq ft.
  • Bedrooms Range
    3 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    LTPR
  • Agent ID
    LSTAVAND

Location

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