Sq.Ft. Lot6,098
Year1949
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Status:
Pending
Property Type:Residential Income (Multi-Family)
MLS #:CV21029693
On Site:69 Days
Lot Size:6,098 Sq. Ft.
County:Orange
NEWPORT BEACH 7 UNIT ON THE BALBOA PENINSULA. THIS TROPHY PROPERTY IS LOCATED IN THE HEART OF NEWPORT BEACH. FEATURES A DOUBLE LOT, ON-SITE LAUNDRY ROOM, GARAGES AND PARKING SPACES INCLUDED. CURRENT OWNER HAS 7 AirBnb LICENSES. FOUR 2 BEDROOM 2 BATH AND THREE 2 BEDROOM 1 BATH UNITS. UNITS ARE CURRENTLY ON MONTH TO MONTH OR YEARLY LEASES.
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Community Information
Address:1216 W Balboa Boulevard Newport Beach, CA 92661
Area:(NP) Balboa Peninsula
County:Orange
City:Newport Beach
Subdivision:Balboa Peninsula (Residential) (Balp)
Zip Code:92661
Architecture
Year Built:1949
Stories:Two
Total Units: 7
Stories Total: 2
Unit 1: 4 Units•2 Beds•2 Baths•1 Garage•Unfurnished•$2,500 actual rent•$10,000 total rent•$10,000 pro forma
Unit 2: 3 Units•2 Beds•1 Bath•1 Garage•Unfurnished•$2,300 actual rent•$6,900 total rent•$6,900 pro forma
Basement: Cable TV, Electricity
Parking: Assigned
Garage Spaces: 4
Features / Amenities
Interior: Balcony, Ceiling Fan(s)
Laundry: Common Area
Common Walls: 2+ Common Walls
Parking Total: 4
Property Features
Lot Size:
0.14 Acres / 6,098 Sq. Ft.
Lot Features: Rectangular Lot
Lot Number: 5
Sewer: Public Sewer
Water: Public
Directions:BALBOA @ 15th STREET
Tax and Financial Info
Tenant Pays: Cable TV, Electricity
Land Lease: No
Electric Expense: 575.00
Insurance Expense: 2814.00
Trash Expense: 1000.00
Water / Sewer Expense: 8200.00
Total Expenses: 114000.00
Gross Annual Income: 65112.00
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1216 W Balboa Boulevard Newport Beach, CA 92661
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Listing provided courtesy of Steve Gomez, RE/MAX Time Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of April 21, 2021. 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. IDX provided by Sierra Interactive.
