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1007 Balboa Boulevard
Newport Beach, CA 92661
Sold
1007 Balboa Boulevard
Newport Beach, CA 92661
Sold
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 INFORMATION
| MLS # | NP24109926 | Lot Size | 3,600 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 9,500,000
Price Per SqFt: $ 2,020 |
DOM | 452 Days |
| Address | 1007 Balboa Boulevard | Type | Residential Income |
| City | Newport Beach | Sq.Ft. | 4,704 Sq. Ft. |
| Postal Code | 92661 | Garage | N/A |
| County | Orange | Year Built | 1909 |
| Bed / Bath | 10 / 0 | Parking | 3 |
| Built In | 1909 | Status | Closed |
| Sold Date | 2024-08-22 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Individual Room, Inside |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator |
| Has Heating | Yes |
| Heating Information | Space Heater |
| Room Information | Kitchen, Laundry, Living Room, Main Floor Bedroom |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| EntryLocation | 0 |
| Entry Level | 0 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $10,133
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/20/2024 | Price Change | $11,000,000 (-15.35%) |
| 05/31/2024 | Listed | $12,995,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of George Hanold, Times Real Estate CA. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
