$2,480,000 - 1116 W Balboa Boulevard, Newport Beach

  • 0Beds
  • Baths
  • 2,190SQ. Feet
  • 0.07Acres

Located just 2 houses from the sand makes this a highly desirable 4-plex on Newport’s Balboa Peninsula. This income property offers excellent income with minimal vacancy for any investor. All units are currently occupied with qualified long-term tenants. Each unit was renovated in 2006. The ground-level features a front 2-bedroom 2-bathroom unit and a separate one-bedroom unit off the back of the property. The second floor has two separate 2-bedroom 1-bathroom units. Both units on the second level have vaulted ceilings which lend a bright and airy ambiance to the space. Each unit comes with a parking spot in the rear carport off the alley. With a prime location on the peninsula, this coastal income property is just steps from some of the best beaches in the area. This 4-plex has much higher income potential than most other investment properties on the peninsula at this price point.

Sales Agent

Sam SmithNewport Beach Real EstatePhone: 949-444-1901Cell: 949-444-1901Contact Agent Now

Essential Information

  • MLS® #:NP19240231
  • Price:$2,480,000
  • Bathrooms:0.00
  • Square Footage:2,190
  • Acres:0.07
  • Year Built:1953
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1116 W Balboa Boulevard
  • Area:Balboa Peninsula (NP)
  • Subdivision:Balboa Peninsula (Residential) (BALP)
  • City:Newport Beach
  • County:Orange
  • State:CA
  • Zip Code:92661

Amenities

  • Parking Spaces:4

Interior

  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:Lot Shape-Rectangular

Additional Information

  • Date Listed:October 10th, 2019
  • Days on Market:32

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Provided By: Artie Dorr(01899740), Balboa Realty.

Based on information from California Regional Multiple Listing Service, Inc. as of November 12th, 2019 at 1:13pm CST. 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, 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.