1007 E Balboa Boulevard

Newport Beach , CA 92661

MLS#: NP24109926

$9,500,000

Status: Closed
Listing number: NP24109926
Listing provided by: Times Real Estate CA
Listing agent phone: None
Last update: 11 months ago
On site: 1 year, 5 months ago
Browse Properties
Balboa Peninsula (Residential) (BALP) - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1909

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Space Heater

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Driveway

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    YES

  • View

    Ocean, Panoramic

Area & Lot

  • Lot Size(acres)

    0.0826

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $9,500,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Orange

Elementary School

Middle School

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Listing Courtesy of George Hanold , Times Real Estate CA

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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.

1007 E Balboa Boulevard

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