Unbelieveable opportunity! Balboa Beach Bungalow dating back from 1920...cute, charming, and functional! Currently occupied with two tenants: front space, featuring 2 beds and 1 bath, is leasing for $1950/month. Lease expires 3/31/2012. Rear space, featuring 1 bed, 1 bath leases for $975/month on a month-to-month basis. Enjoy bay views from the 2nd story. Short walk to the market, restaurants, and Newport Beach pier. Opportunity to build or keep as an investment property. Value is in the land; property zoned R1. <br /><br />
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