1248 W Balboa Boulevard,  Newport Beach CA, 92661 (Residential Income)

3,400 sqft
Status: Active
MLS#: NP17156068
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Last Updated: 7/27/2017 10:05 PM
Description for 1248 W Balboa Boulevard Newport Beach, CA 92661
Prime investment income property situated on a rare double-sized corner location in the heart of Balboa Peninsula. Eight units - six ground level 1 bedroom, 1 bathroom - beach bungalow style units divided by a charming common courtyard. Upstairs there is a spacious 1 bedroom, 1 bathroom unit with ocean and bay views along with a studio apartment. Six carports in the rear alley along with extra storage. Conveniently located one block from the ocean and the bay at the corner of 13th Street and W. Balboa Boulevard. Walking distance to the new Marina Park, Newport Pier, Balboa Pier, Fun Zone and all the shopping and dining the Peninsula has to offer. This is an excellent opportunity for an investor, developer or build your own dream beach home!
Price
$3,200,000
Orange
3,400 (approx)
NP17156068
Active
Description
Prime investment income property situated on a rare double-sized corner location in the heart of Balboa Peninsula. Eight units - six ground level 1 bedroom, 1 bathroom - beach bungalow style units divided by a charming common courtyard. Upstairs there is a spacious 1 bedroom, 1 bathroom unit with ocean and bay views along with a studio apartment. Six carports in the rear alley along with extra storage. Conveniently located one block from the ocean and the bay at the corner of 13th Street and W. Balboa Boulevard. Walking distance to the new Marina Park, Newport Pier, Balboa Pier, Fun Zone and all the shopping and dining the Peninsula has to offer. This is an excellent opportunity for an investor, developer or build your own dream beach home!
Listing Information
Property Type: Cluster, 2 Story
0.14 Acres 6,233 sq.ft. 3,400 (approx)
$941.18 1948
2
8 Total
Neighborhood
Room Information
Laundry Area, Common
Interior Features
Carbon Monoxide Detector
None, Ceiling Fan(s)
No Fireplace
Alarm -Smoke/Fire,
Exterior / Lot Features
6 Parking Spaces, No Parking, Attached Carport
None
No Pool
Bay, Ocean, Peek-A-Boo View
62.33'X100'
R2
Sidewalks, Street Lights, Curbs Walk
Driving Directions
Corner of 13th Street and W. Balboa Boulevard
Financial Considerations
04723419
$116,400
Listing Price History

Newport Beach Real Estate

Newport Beach is located in California. Newport Beach, California 92661 has a population of 87,127.

The median household income in Newport Beach, California 92661 is $107,991. The median household income for the surrounding county is $75,998 compared to the national median of $53,482. The median age of people living in Newport Beach 92661 is 44.7 years.

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Courtesy: Villa Real Estate Amy Baumgartner
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Information is deemed reliable but is not guaranteed.

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