1007 E Balboa Boulevard, Newport Beach, CA

$11,800,000

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0.08

Acres

Listing Agent
Shevy Akason - Keller Williams Realty N. Tustin

About 1007 E Balboa Boulevard

Rare investment opportunity to purchase 10 profitable rental units located ocean front on the Balboa Peninsula between the pier and the wedge. You will not find another investment opportunity on the Peninsula with 10 units.. The property comes with short term rental permits, the current waiting list for permits it's 100's deep. The units are furnished, professionally designed, recently remodeled, and fully operating. Stop into a fully operating successful vacation rental, earning income day one. Four of the units feature unobstructed panoramic views of the ocean, Catalina and sunsets. Enjoy all ocean front living on the Peninsula has to offer including the beach, the waves, beautiful sunsets, the pier and park. Ample entertainment options like the Balboa Fun Zone, ferry to Balboa Island, shops and great restaurants are just a short walk away. Your own porch right on the beach, ocean view of the world famous wedge to the Balboa Pier, you can't beat this location. Boogie board, surf, bike, stroll the pier and board walk, play at the ocean front park and grab a coffee at one of the many cafes. There are three driveway parking spots and coin operating inside laundry room for the tenants.

Features of 1007 E Balboa Boulevard

MLS® # OC22069325
Price $11,800,000
Bathrooms 0.00
Acres 0.08
Year Built 1909
Type Residential Income
Status Active

Community Information

Address 1007 E Balboa Boulevard
Area NP - Balboa Peninsula
Subdivision Other (OTHR)
City Newport Beach
County Orange
State CA
Zip Code 92661

Amenities

Parking Driveway
Garages Driveway
View Ocean
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Lot Description 0-1 Unit/Acre, Level, Near Park

Additional Information

Date Listed April 12th, 2022
Days on Market 38
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentShevy Akason
OfficeKeller Williams Realty N. Tustin

Listing Map

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