1007 E Balboa Boulevard Newport Beach, CA 92661
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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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyOrange
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site17 Days
- MLS StatusActive
- MLS ID NumberNP24109926
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.0826 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 1007 E Balboa Boulevard Newport Beach, CA 92661
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General Features
- Terms CashConventional
- Stories 2 Story
Interior Features
- Cooling Wall/Window
Exterior Features
- Pool N/K
Community Features
- Spa N/K