Opportunity to build up to 2 condos or 3 rental units on this R2 zoned property! 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 Details
Price:
$2,795,000
MLS #:
NP25058160
Status:
Active
Beds:
3
Baths:
3
Address:
112 24th ST
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Balboa Peninsula Residential BALP
Neighborhood:
npbalboapeninsula
City:
Newport Beach
Listed Date:
Mar 19, 2025
State:
CA
Finished Sq Ft:
1,100
ZIP:
92663
Lot Size:
2,375 sqft / 0.05 acres (approx)
Year Built:
1913
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Schools
School District:
Newport Mesa Unified
Elementary School:
Newport
Middle School:
Ensign
High School:
Newport Harbor
Interior
Appliances
Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
Cooling
None
Fireplace Features
Living Room
Flooring
Tile, Wood
Heating
Central
Interior Features
High Ceilings, Open Floorplan
Exterior
Community Features
Curbs, Sidewalks, Street Lights
Garage Spaces
2.00
Lot Features
0-1 Unit/ Acre
Parking Features
Direct Garage Access, Garage Faces Rear, Garage – Two Door
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Ocean
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address112 24th ST Newport Beach CA
- AreaNP – Balboa Peninsula
- SubdivisionBalboa Peninsula (Residential) (BALP)
- CityNewport Beach
- CountyOrange
- Zip Code92663
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112 24th ST
Newport Beach, CA
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