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1701 W Balboa Boulevard

Newport Beach, CA 92663
  • $5,600,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 7,552

    SqFt

About the Listing S170 - SMORRTON

RARE, DOUBLE LOT with 10 units and only 25 yards away to the Pacific Ocean on Balboa Peninsula. Unit mix consists of the following: one 4 bed 2 bath (has ocean views), one 2 bed 1 baths, three 1 bed 1 baths, 5 studios, and there are 10 separate garages. Professional Property Management company handling property with rents of approximately $22,630 per month, this could be enhanced if new owner decides to turn property into weekly vacation rentals as well as raising rents. All units are upgraded and updated with new kitchens and all have wood floors. Seller states the city of Newport Beach is open to having 7-10 condos built on the land itself thus giving an amazing opportunity for Investors, please check with City of Newport Beach.

Listing Highlights for 1701 W Balboa Boulevard

Status Active
Days on Site 6
Property Type Multi-Family
MLS ® OC18248612
Year Built 1948
Total Square Footage 7,552
Lot/Acreage 0.12

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces:
  • Floor: Tile,Vinyl,Wood
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: 6-10 Units/Acre,Corner Lot,Level with Street
  • Garage Capacity: 9 car
  • Parking Spaces: 9
  • Roof: Shingle
  • Others:
  • Sewer: Public Sewer
  • Above Ground Sq Ft:
  • Below Ground Sq Ft:
  • Parking Features: Assigned,Garage,On Site,Parking Space,Public

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: N/A

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1701 W Balboa Boulevard Newport Beach, CA 92663

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Listing Courtesy of Tony Morrison, Lantern Bay Realty

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