$9,480,000 - 1007 Balboa Boulevard, Newport Beach

  • 0Beds
  • Baths
  • 0SQ. Feet
  • 0.08Acres

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.

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Sales Agent

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

Essential Information

  • MLS® #:OC24055258
  • Price:$9,480,000
  • Bathrooms:0.00
  • Acres:0.08
  • Year Built:1909
  • Type:Commercial Sale
  • Sub-Type:Multi Family
  • Status:Active
  • Listing Agent:Shevy Akason
  • Listing Office:Keller Williams Realty N. Tustin

Community Information

  • Address:1007 Balboa Boulevard
  • Area:NP - Balboa Peninsula
  • City:Newport Beach
  • County:Orange
  • Zip Code:92661

Interior

  • # of Stories:2

Exterior

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

Additional Information

  • Date Listed:March 20th, 2024
  • Days on Market:38
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Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 5:55pm CDT. 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.