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.
MLS #
CRNP24109926
MLS Source
California Regional MLS
Days on Site
29
Buyer's Brokerage Compensation*
2.50
Appliances
Dishwasher, Freezer, Microwave, Other, Oven - Gas, Oven Range - Gas
Cooling
Window/Wall Unit
Heating
Space Heater
Garage/Parking
Other, Garage: 0 Car(s)
HOA Fee
$0
Listing Agent
George Hanold
Times Real Estate CA
License #: 01446306
Phone: –
Co-Listing Agent
Regan Beegle
License #: 01736778
Phone: –
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 10 | – |
1007 E Balboa Bld is a Residential Income in Newport Beach, CA 92661. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $11,000,000 and was built in 1909.
This address can also be written as 1007 E Balboa Bld, Newport Beach, CA 92661.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of June 20, 2024. For the most current information, please contact George Hanold