1007 E BALBOA BLVD
NEWPORT BEACH, CA 92661

$12,995,000

0 Beds

0 Baths

4,704 Sq Ft

Status Active

MLS# NP24109926

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.

Details for 1007 E BALBOA BLVD

Built in 1909

$2,763 / Sq Ft

3 parking spaces

Wall/Window Unit(s)

Space Heater

18 Days on website

0.0826 acres lot

Interior

Appliances

Dishwasher, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator

Fireplace Features

None

Laundry Features

Common Area, Individual Room, Inside

Living Area

4,704 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Quadruplex

Property Type

Residential Income

Year Built

1909

Exterior And Lot

Lot Features

Level With Street

Lot Size Acres

0.0826

Lot Size Square Feet

3600

Lot Size Units

Square Feet

Parking Features

Driveway

Parking Total

Pool Features

None

Spa Features

None

Waterfront Features

Beach Access, Beach Front, Ocean Access, Ocean Front

Utilities

Cooling

Wall/Window Unit(s)

Heating

Space Heater

Area And Schools

City

Newport Beach

Community Features

Biking, Park, Sidewalks, Street Lights

County Or Parish

Orange

Subdivision Name

Balboa Peninsula (Residential) (BALP)

Financial Info

Buyer Agency Compensation^*

2.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Details for 1007 E BALBOA BLVD

Interior

Building And Construction

Exterior And Lot

Utilities

Area And Schools

Financial Info

Area Information for 1007 E BALBOA BLVD