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Address
1216 W Balboa Boulevard Newport Beach, CA
Price
$ 5,400,000
Property Attributes
  • MLS#CV19201913
  • TypeIncome
  • CountyORANGE
  • CityNewport Beach
  • AreaBalboa Peninsula
  • NeighborhoodBalboa Peninsula Point
  • Zip92661
  • Style
  • Price$ 5,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5382
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
CHRISTINE LEE with THE C. LEE GROUP.
Property Description

Highly desirable 7 unit multifamily coastal property on the sought-after Balboa Blvd strip. Popular unit mix of 4 two bedrooms and two baths and 3 two bedrooms and 1 bath. Well maintained and very low maintenance building. Operates at 100% full occupancy with long term career professionals as tenants. All units are remodeled, upgraded and turnkey. New owners will not have to do anything. In addition, there is room to increase rents. Perfect upleg in a 1031 exchange. Will not last long and priced to sell.

Price History
8/23/2019 Listed $5,400,000

General Features

Attached Structure Attached
Community Features Watersports
Directions Please check google maps
HOA Fee 0.00
Levels Two
Listagentaor Citrus Valley
Listing Agent CHRISTINE LEE - BRE#01317826
Listing Agent State License 01317826
MLS Area NP - Balboa Peninsula
Number of Units Leased 7
Price Per Square Foot 1003.34
Property Attached Y/N Yes
Source System CRMLS
Subdivision Name Balboa Peninsula Point (BLPP)
Subdivision Name Balboa Peninsula Point (BLPP)
Total Units 7

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 1 Common Wall
Cooling Wall/Window Unit(s)
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Special Listing Conditions Standard
Building Area Total 5382.00
Garage Spaces 6.00
Lot Features 0-1 Unit/Acre
Lot Size Acres 0.1400
Lot Size Area 6098.0000
Lot Size Source Assessor
Lot Size Square Feet 6098.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 7
Number of Separate Gas Meters 7
Pool Features None
Sewer Unknown
Total Parking 6.00
Water Source Other

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92661

Price
AVG $2.59M
$5.4M
Visits
AVG 29
24
Year Built
AVG 1965
1949
Walkscore
AVG 60
56
Data Provided by Walkscore ® not using MLS data

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