1305 Park Avenue Newport Beach, CA
$ 1,499,000
Property Attributes
  • MLS#LG19034942
  • TypeSingle Family
  • CountyORANGE
  • CityNewport Beach
  • AreaLower Newport Bay - Balboa Island
  • NeighborhoodBalboa Island - Main Island
  • Zip92662
  • Style
  • Price$ 1,499,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1200
  • Lot Size1,172 SqFt
Listing Provided Courtesy Of:
Property Description

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.

Price History
2/14/2019 Listed $1,649,000
4/2/2019 4% - $1,599,000
8/5/2019 7% - $1,499,000

General Features

Assessments None
Attached Structure Detached
Co-Listing Agent Last Name Wong
Co-Listing Agent Last Name Fu
Co-Listing Agent State License # 02063717
Co-listing Agent Fu Wong - BRE#02063717
Community Features Curbs, Sidewalks
Directions From Highway 73, exit Jamboree Rd, head south on Jamboree Rd. Merge right on to Marine and enter Balboa Island, right on Park Avenue. Cross Streets: Marine
HOA Fee 0.00
Levels Two
Listagentaor Laguna
Listing Agent Andy Stavros - BRE#01408840
Listing Agent State License 01408840
MLS Area N9 - Lower Newport Bay - Balboa Island
Price Per Square Foot 1249.17
Property SubType Duplex
School District Newport Mesa Unified
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Balboa Island - Main Island (BALM)
Subdivision Name Balboa Island - Main Island (BALM)

Interior Features

Common Walls No Common Walls
Cooling None
Fireplace Features None
Full + 3/4 Baths 2
Full Baths 2
Heating Forced Air
Heating Y/N Yes
Interior Features Bar, Partially Furnished
Laundry Features Inside
Laundry Y/N Yes
Main Level Bathrooms 1
Main Level Bedrooms 1
Room Type Main Floor Bedroom
Total Stories 2

Exterior Features

Attached Garage Yes
Garage Spaces 1.00
Lot Features Front Yard
Lot Size Acres 0.0269
Lot Size Area 1170.0000
Lot Size Source Assessor
Lot Size Square Feet 1170.00
Lot Size Units Square Feet
Pool Features None
Sewer Public Sewer
Total Parking 1.00
View City Lights
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92662

AVG $3.33M
AVG 141
Year Built
AVG 1977
AVG 71
Data Provided by Walkscore ® not using MLS data

Looking for more comfortable experience?

Check out our mobile application and browse the properties as no other.