$11,000,000
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1007 Balboa Boulevard Newport Beach, CA 92661
Fourplex
Residence
Beds
Baths
...
Bed/Bath
4,704
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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, Balbo...a 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.
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MLS#
NP24109926
Property Type
Fourplex
Year Built
1909
Square Feet
4,704
sq. ft
Lot Size
0.08
Stories
2.0
Sewer
Public Sewer
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