MLS® ID: NP19240231

1116 W Balboa Boulevard

Newport Beach, California, 92661

$2,480,000 Active
  • - SQFT
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.
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Listing courtesy of Balboa Realty

Amenities

  • Full baths
    0
  • Half baths
    0
  • Three-quarter Baths
    0
  • Total Baths
    0
  • Zip
    92661
  • Office name
    Balboa Realty
  • SQFT
    0
  • Bedrooms
    0
  • Year built
    1953
  • Lot size
    3049.00
  • Sewer
    Public Sewer
  • Tax year
    0
  • Agent name
    Artie Dorr
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    U6779
  • Agent ID
    U41137

Location

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