1701 Balboa Boulevard, Newport Beach, CA, 92663

1701 Balboa Boulevard, Newport Beach, CA, 92663 < >
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for sale
$5,899,000
Year Built:1948
Status:Active
MLS #:OC17224478
Date Updated:
For information contact:
Star Real Estate
1-888-887-1897
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Go See This Home
RARE, DOUBLE LOT with 10 units and only 25 yards away from the sand 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 is handling the property with total rents are approximately $21,000 per month, this could be enhanced if new owner decides to turn property into weekly vacation rentals. All units are upgraded and updated with new kitchens and all have original wood floors that have been refinished along with newer carpet. Owner states the city of Newport Beach is open to having 10 condos built on the land itself thus giving an amazing opportunity for Investors, please check with City of NB. PLEASE DO NOT DISTURB ANY TENANTS, DRIVE BY ONLY, SHOWN WITH ACCEPTED OFFER.
Interior Details
Levels: TwoStories Total: 2

Exterior Details
Architectural Style: CottageGarage Spaces: 10.00
Lot Features: 6-10 Units/Acre, Corner Lot, Level with StreetNumber Of Buildings: 1
Number Of Units Total: 10Parking Features: Garage
Parking Total: 10.00Pool Features: None

Community Information
County Or Parish: OrangeDirections: 55 South end of freeway, head straight onto Balboa Blvd.
MLS Area Major: NP - Balboa PeninsulaParcel Number: 04720109
Subdivision Name: Balboa Peninsula (Residential) (BALP)

Property Information From MLS Data
Virtual Tour: https://youtu.be/wKIl7Wbp1xUYear Built: 1948

Financial Information
Association Fee: 0.00

Utilities
Water Source: Public

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Walk Score® for 1701 Balboa Boulevard
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Listing courtesy of Tony Morrison, Lantern Bay Realty

Information obtained from CACRMLS is current as of 10/19/2017 12:51 PM. 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.