1007 Balboa Boulevard, Newport Beach, CA 92661
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Listed Price :
$11,000,000
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Beds :
N/A
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Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1909
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 |
| 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 |
| List Price |
$11,000,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
3,600 |
| Year Built |
1909 |
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.
