.A triplex accepted for investment final month due to the City board at the corner of Balboa Boulevard as well as Coronado Street may become a public car parking lot.The purchase of the property at 301 E. Balboa Blvd. was part of the consent calendar on the Aug. 27 conference of the City Council, and received consensual authorization. It was marketed through Linda and Bobby Hanada for $2.6 thousand, according to urban area staff.The great deal it may be converted into would certainly offer the east edge of the Balboa Peninsula, where parking is actually especially difficult to find. People places for folks in that place are actually typically located at the pier, one whole lot on Palm Road and restricted street spaces." This vehicle parking, particularly in the course of top summer season requirement, usually carries out not meet the car park requirements of the area," Newport Seashore Real Property Manager Lauren Wooding Whitlinger wrote in a report.The residential property marketed due to the Hanada loved ones goes to the exact same intersection as a building owned through AT&T that Newport Beach representatives would certainly also such as to turn into a car park. The urban area has been in speaks with the telecoms business as well as is actually waiting for it to move or downsize so a part of the property at 311 E. Balboa can also be purchased.It's uncertain coming from team documents how very soon crews could begin on a new parking area. For the time being, officials were actually considering using the existing property as a temporary fire station while construction of a brand new center for the fire department resided in progress.Tenants currently reside in 2 of the systems at the recently sold triplex. They will certainly be entitled for moving help "certainly not expected to exceed $90,000 each," depending on to city workers.