1007 Balboa Boulevard, Newport Beach

$11,000,000

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1

Bed

1

Bath

0.08

Acres

Listing Agent
George Hanold - Times Real Estate CA

About 1007 Balboa Boulevard

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 of 1007 Balboa Boulevard

MLS® # NP24109926
Price $11,000,000
Bedrooms 1
Bathrooms 1.00
Acres 0.08
Year Built 1909
Type Residential Income
Sub-Type Quadruplex
Status Active

Community Information

Address 1007 Balboa Boulevard
Area NP - Balboa Peninsula
Subdivision Balboa Peninsula (Residential) (BALP)
City Newport Beach
County Orange
Zip Code 92661

Amenities

Parking Spaces 3
Parking Driveway
Garages Driveway
View Catalina, Coastline, Ocean, Panoramic
Is Waterfront No
Waterfront Beach Access, Beach Front, Ocean Access, Ocean Front
Has Pool No
Pool None

Interior

Interior Features Bedroom on Main Level
Appliances Dishwasher, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator
Heating Space Heater
Cooling Wall/Window Unit(s)
Has Basement No
Fireplace No
Fireplaces None
# of Stories 2
Stories Two

Exterior

Lot Description Street Level

Additional Information

Date Listed May 31st, 2024
Days on Market 20
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentGeorge Hanold
OfficeTimes Real Estate CA

Listing Map

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