1007 Balboa Boulevard

Newport Beach, CA 92661

$11,000,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $2,338 / sqft

1909

calendar_month Built

Property Description

A remarkable opportunity to own 10 Units on the Oceanfront of the Balboa Peninsula with 7 Irreplaceable STR's (SHORT TERM RENTAL PERMITS)! This is a dream deal w/ a monster cap rate and a whopping $640,000 NET income in 2023! Located almost perfectly right next to Balboa Pier, Balboa Fun Zone, Balboa Ferry, Market & Deli, Shopping, Restaurants, Arcades, and More. Each unit is remodeled and ready to be rented immediately. 4 of the Units are directly facing the oceanfront with spectacular panoramic views, including the Pier. Priced to sell and motivated deal. APN 048-146-04 (additional 1,519 sqft parcel on sand/beach) also included.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Fireplace Information
Features None
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 1007 Balboa Boulevard
City Newport Beach
State CA
Zip 92661
County Orange
Listing Agent George Hanold DRE#01446306
Co-Listing Agent Regan Beegle DRE#01736778
Courtesy Of Times Real Estate CA
MLS NP24109926
List Price $11,000,000
Status Active
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 3,600
Year Built 1909
DOM 21

Exterior Information

Maps

Listing information courtesy of: George Hanold, Regan Beegle, Times Real Estate CA . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 20th, 2024 at 7:57 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.