.A triplex permitted for acquisition last month due to the City Council at the section of Balboa Blvd and also Coronado Road might end up being a social car parking lot.The acquisition of the home at 301 E. Balboa Blvd. was part of the approval schedule on the Aug. 27 conference of the City board, as well as acquired consentaneous authorization. It was actually sold through Linda and also Bobby Hanada for $2.6 million, depending on to metropolitan area staff.The great deal it may be actually converted into would certainly serve the eastern edge of the Balboa Peninsula, where car park is actually specifically hard to discover. Community places for folks because region are primarily discovered at the boat dock, one lot on Hand Road and also minimal road spaces." This auto parking, especially in the course of optimal summer season need, frequently does certainly not fulfill the vehicle parking necessities of the area," Newport Seaside Real Estate Supervisor Lauren Wooding Whitlinger wrote in a report.The home sold by the Hanada household goes to the same crossway as a property possessed by AT&T that Newport Seaside officials would certainly also as if to become a car park. The metropolitan area has been in talks along with the telecoms company as well as is actually waiting for it to relocate or downsize so a portion of the building at 311 E. Balboa can additionally be actually purchased.It's unclear from team documents just how quickly staffs might begin on a brand new parking lot. In the meantime, representatives were looking at using the existing building as a short-term station house while building and construction of a brand new facility for the engine company was in progress.Tenants presently stay in two of the units at the just recently marketed triplex. They will be actually entitled for moving assistance "not anticipated to exceed $90,000 each," according to area team.