Rare redevelopment or cash flow opportunity with a 4000sf (40’ x 95’) extra wide lot in the heart of the peninsula. This special location is just a short walk from the beach, the bay, and local bars and restaurants. Current unit mix consists of a separately metered detached two bedroom, one bathroom bungalow on the street side of the property. The alley side has a separately metered detached, two story structure with a three car garage below and a two bedroom, one bathroom unit above. The middle garage space has been converted to a bonus room with a bathroom. Coin operated laundry in the garage brings in additional income. The extra width of this property allows up to three vehicles to parallel park in the alley bringing the onsite parking potential to five vehicles. The current site improvements underutilize the potential of the land. Per the city, the property is zoned for two units and redevelopment possibilities include a large duplex or two condos. Please do not walk on the property and do not disturb the occupants.
|DAYS ON MARKET||Login to view Days on Market||LAST UPDATED||6/4/2017|
|TRACT||Balboa Peninsula (Residential)||YEAR BUILT||Login to view Year Built|
|COMMUNITY||NP - Balboa Peninsula||COUNTY||Orange|
|STATUS||Pending||PROPERTY TYPE(S)||Residential Income|
|Login to view Price History|
|AREA||NP - Balboa Peninsula|
|LOT||3920 sq ft|
|SUBDIVISION||Balboa Peninsula (Residential)|
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