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Lowest priced single-family home on the ocean side of Balboa Blvd with R2 Zoning - Opportunity to build up to 2 condos or 3 rental units! Vacationers, investors, developers, and dreamers, take note! This zoning (unique to this side of the street) allows for building 2 condos for resale (live in one and sell the other), or a duplex plus the possibility of an ADU on this 2,375 sqft lot. Enjoy living or vacationing in this well-maintained, beach-charming single-family home located just five homes from the sand while developing plans to add another unit above your existing home or build a brand-new single-family home or multiple units. This property is situated on the side of the street with no car parking, offering an open view of the sand and ocean from the kitchen, living area and front patio. It features 3 bedrooms, 3 full bathrooms, an open-concept kitchen and living space, vaulted ceilings, a 2-car garage with additional parking behind it, indoor laundry, and an outdoor shower. Ideally located adjacent to the 24th St lifeguard stand, consisting of one of the shortest walks to the ocean from the boardwalk. Own a piece of the Balboa Peninsula with a 1-minute walk to restaurants and bars, a 2-minute walk to Newport Pier, and a 2-minute drive to the grocery store. Welcome to the most opportunistic property on the Newport Beach Peninsula.
Property Type(s):
Single Family
| Last Updated | 4/3/2025 | Tract | Balboa Peninsula (Residential) (BALP) |
|---|---|---|---|
| Year Built | 1913 | Community | Balboa Peninsula |
| Garage Spaces | 2.0 | County | Orange |
SCHOOLS
| School District | Newport Mesa Unified |
|---|---|
| Elementary School | Newport |
| Jr. High School | Ensign |
| High School | Newport Harbor |
Price History
| Prior to Apr 3, '25 | $2,950,000 |
|---|---|
| Apr 3, '25 - Today | $2,795,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator |
| AREA | Balboa Peninsula |
| FIREPLACE | Yes |
| GARAGE | Direct Access, Door-Multi, Garage, Garage Faces Rear, Yes |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down, Bedroom on Main Level, Breakfast Area, Breakfast Bar, High Ceilings, Main Level Primary, Open Floorplan |
| LOT | 2375 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Door-Multi,Direct Access,Garage,Garage Faces Rear |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Balboa Peninsula (Residential) (BALP) |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
Location
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Listed with Times Real Estate CA
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