1007 E Balboa Boulevard
Newport Beach, CA 92661
- – beds
- – baths
- – sqft
- 3,600 sqft lot
- 1909 build
- – on site
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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.
Listed By CRMLS_CA / George Hanold / Times Real Estate CA / 949-836-5479
Last checked:
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Last updated Aug 22, 2024
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MLS# NP24109926 —
The Building
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Year Built:1909
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:4704.00
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Building Area Units:Square Feet
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Total Number Of Units:10
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# of Buildings:1
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Stories Total:2
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Common Walls:No Common Walls
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:1
Interior
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Levels:Two
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Room Type:Kitchen, Laundry, Living Room, Main Floor Bedroom
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Fireplace:No
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Fireplace:None
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Laundry:Common Area, Individual Room, Inside
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Laundry:1
Location
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Directions:E Balboa Blvd. Beach side.
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Latitude:33.60073900
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Longitude:-117.89710300
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Lot Features:Level with Street
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Lot Size Area:3600.0000
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Lot Size Acres:0.0826
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Lot Size SqFt:3600.00
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Lot Size Source:Assessor
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View:1
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View:Catalina, Coastline, Ocean, Panoramic, White Water
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:16
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Tax Census Tract:628.00
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Tax Tract:105
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Tax Lot:4
The Listing
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Special Listing Conditions:Standard
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Parcel Number:04814404
Heating & Cooling
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Heating:1
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Heating:Space Heater
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator
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Included:Yes
The Community
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Subdivision:Balboa Peninsula (Residential) (BALP)
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Subdivision:Balboa Peninsula (Residential) (BALP)
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Features:Biking, Park, Sidewalks, Street Lights
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Association:No
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Pool:None
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Waterfront Features:Beach Access, Beach Front, Ocean Access, Ocean Front
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Driveway
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Parking Spaces:3.00
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Uncovered Spaces:3.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/22/24
Aug 22, 2024
|
Pending | CRMLS_CA | $8,500,000 | |
8/22/24
Aug 22, 2024
|
Sold | CRMLS_CA | $8,500,000 | -10.5% |
7/12/24
Jul 12, 2024
|
Price Changed | CRMLS_CA | $9,500,000 | -13.6% |