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
Area & Lot
-
Lot Size(acres)
0.0826
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Driveway
Financial
-
Sales Price
$9,500,000
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Location
County
Orange
Elementary School
Middle School
High School
Listing Courtesy of George Hanold , Times Real Estate CA
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