Request More Info
Schedule a Showing
Share
Print
|
Calling all investors, developers, contractors, and flippers—this is the rare chance you’ve been waiting for! Nestled in a prime location, this property offers an unmatched opportunity to unlock its full potential with a high return on investment. Whether you’re looking for your next project to flip or searching for a long-term investment with significant appreciation potential, this fixer-upper is a hidden gem, priced well below market value for a quick sale. The property comes with architectural plans already available for a comprehensive remodel, saving you time and effort in the planning stages. Once completed, the estimated after-remodel value is an impressive $5,800,000, providing ample opportunity to capitalize on this venture. Whether you plan to resell or hold the property as a lucrative rental, this project promises a remarkable return on your investment.The existing structure is primed for a transformation, offering a blank canvas for a new vision. Imagine designing a luxurious and modern home that meets the demands of today’s discerning buyers. The spacious layout, generous lot size, and desirable location make this property ripe for a significant upgrade. Roof deck included in the initial plans. Verbal approval on the plans from the city.
Property Type(s):
Single Family
| Last Updated | 10/25/2024 | Tract | Balboa Peninsula (Residential) (BALP) |
|---|---|---|---|
| Year Built | 1908 | Community | Balboa Peninsula |
| County | Orange |
SCHOOLS
| School District | Newport Mesa Unified |
|---|
Price History
| Prior to Sep 23, '24 | $3,350,000 |
|---|---|
| Sep 23, '24 - Oct 25, '24 | $3,150,000 |
| Oct 25, '24 - Today | $2,895,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | Balboa Peninsula |
| FIREPLACE | Yes |
| HOA DUES | 0 |
| INTERIOR | Breakfast Area, Separate/Formal Dining Room |
| LOT | 2178 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Balboa Peninsula (Residential) (BALP) |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay,Ocean |
| WATER | Public |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Elite REO Brokers
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
Twitter
Facebook
Email