Active
1007 E Balboa Boulevard
Newport Beach CA, 92661
$9,480,000
$2,015.31 per sqft
Active
4,704 sqft
Commercial
Built in 1909
Listed by Shevy Akason with Keller Williams Realty N. Tustin 714-426-3800
10 Profitable rental units! This is a rare investment opportunity, located oceanfront on the Balboa Peninsula between the pier and the wedge. You will not find another oceanfront investment opportunity on the Peninsula with 10 units at this price. 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 oceanfront 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 boardwalk, play at the oceanfront park and grab a coffee at one of the many cafes. There are three driveway parking spots and a coin operating inside the laundry room for the tenants.
OC24055258
MLSⓇ ID
March 20, 2024
Listed
April 24, 2024
Updated
Map
1007 E Balboa Boulevard
Newport Beach CA, 92661
Interior Features
Total Stories
2
Laundry Description
Common Area, Inside, Laundry Room
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.08 Acres
Lot Features
0-1 Unit/Acre, Level, Near Park
Other Property Details
Area Name
NP - Balboa Peninsula
Days on Market
35
Garage
No
View
No
County
Orange
Water Source
Public
Pool
No
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
4/19/2024 | Price Change | $9,480,000 -6% |
Listing Contact: 714-426-3800
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/24/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/24/2024 at 9:51 PM UTC