1007 Balboa Blvd, Newport Beach, CA, 92661

1007 Balboa Blvd, Newport Beach, CA, 92661 < >
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for sale
$10,800,000
Lot Size:0.08 Acres
Year Built:1909
Status:Active
MLS #:OC22069325
Date Updated:
For information contact:
CENTURY 21 MASTERS - Diamond Bar
(909) 595-5597
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Go See This Property
10 Profitable rental units! This is a rare investment opportunity, located ocean front on the Balboa Peninsula between the pier and the wedge. You will not find another ocean front 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 ocean front 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 board walk, play at the ocean front park and grab a coffee at one of the many cafes. There are three driveway parking spots and coin operating inside
Interior Details
Levels: TwoStories Total: 2

Exterior Details
Garage Spaces: 0.00Lot Features: 0-1 Unit/Acre, Level, Park Nearby
Lot Size Acres: 0.0800Number Of Buildings: 1
Number Of Units Total: 10Parking Features: Driveway
Parking Total: 0.00Pool Features: None
View: Ocean, White Water

Community Information
County Or Parish: OrangeDirections: GPS
MLS Area Major: NP - Balboa PeninsulaParcel Number: 04814404
Subdivision Name: Other (OTHR)

Property Information From MLS Data
Year Built: 1909

Utilities
Water Source: Public

Listing Information Courtesy of:
List Agent First Name: Shevy
List Agen tLast Name: Akason
List Office Name: Keller Williams Realty N. Tustin

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Monthly Payment for 1007 Balboa Blvd
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$10,800,000
Down Payment:
Loan Amount:$8,640,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Shevy Akason, Keller Williams Realty N. Tustin

Information obtained from CACRMLS is current as of 8/12/2022 8:19 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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