Great opportunity to own two beach homes in one lot in the heart of the Balboa Peninsula! Situated just steps away from both the beach and bay. Steps away from world renown surf spot "The Point" and "Balboa Pier". The property consists of two separate buildings separated by private courtyard in between. The entire buildings are being renovated from top to bottom and inside and outside. Renovation project was started since January 2018 and it will be all completed soon. Total of Three Units, possible to convert into FOUR UNITS. Front building consists of 1020 sf. one story with 3BR/2BA, balcony, private patio, laundry room is INSIDE of the unit. Rear Building consists of 2 story with 2 separate units. Top of the Rear Building has a brand new 505 sq. ROOF TOP DECK with 802 sf. 3BR/2BA and rear balcony, and bottom has 168 sf. 1BR/1BA, the second laundry area is inside of the garage. Each units have their own private patios for their outdoor entertainment, have FUN! FUN! FUN! while staying brand new cozy beach home! It offers total of 4 parking spaces on the property, 386 sf. of 2 car garage and 2 carport spaces and plenty of the street parking spaces are available. High Income potential property as the city allows short term rental permit. It is legal R-2 zone and occupancy group is R3/U. Brand new wall mounted A/Cs+Heaters are installed in EVERY rooms which will reduce the electricity bills. Buyer to cooperate with seller's 1031 exchange at no cost to buyer.
Listing courtesy of Frances Lee from Frances Lee Real Estate
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