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$ 3,490,000
Est. payment | /mo
8 Beds
6.5 Baths
2,400 SqFt
$ 3,490,000
Est. payment | /mo
8 Beds
6.5 Baths
2,400 SqFt
Key Details
Property Type Single Family Home
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $1,454
Bedrooms 8
Full Baths 3
Half Baths 7
Lot Size 2,400 Sqft
Property Description
Located in the heart of the coveted Balboa Peninsula, this rare property is a prime investment opportunity listed at $3,490,000. With RM zoning, it allows for taller building heights and increased total square footage (FAR), making it perfect for maximizing value. Just three blocks from the beach and docks, the property boasts an unbeatable location in one of Southern California's most desirable coastal markets. It comes with ready-to-go plans, allowing your team to begin construction immediately. With an estimated $500,000 in construction costs, the projected After Repair Value (ARV) is $5.5M, offering the potential for over $1 million in profit. Comparable properties in the area sell in the $5M range, making this a high-yield opportunity. Don't miss the chance to develop a standout property in this vibrant beachside community. Contact us today for more information and to schedule a private viewing!
Location
State CA
County Orange
Listed by Brian Ngoy • Ngoy Realty Group | EXP Realty | PGI Estates
Nearby Locations
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