Just reduced in price. Old Balboa Island Cottage on Balboa Island. It has been in the sellers' family since 1957. Tear it down or rehab it. One of the least expensive offerings currently available on the island. Just one block from downtown so an easy stroll to most anything you could want. Really old and quite "tired" but worth a look! Perfect opportunity to build your own brand new home or use it as-is as a vacation home for your extended family.