$5,400,000 - 1216 W Balboa Boulevard, Newport Beach

  • 0Beds
  • Baths
  • 5,382SQ. Feet
  • 0.14Acres

** PRIDE OF OWNERSHIP! 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.

Sales Agent

Sam Smith TeamLaguna Beach Realtors ®Phone: 949-355-1622Cell: 949-355-1622Contact Agent Now

Essential Information

  • MLS® #:CV19201913
  • Price:$5,400,000
  • Bathrooms:0.00
  • Square Footage:5,382
  • Acres:0.14
  • Year Built:1949
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1216 W Balboa Boulevard
  • Area:Balboa Peninsula (NP)
  • Subdivision:Balboa Peninsula Point (BLPP)
  • City:Newport Beach
  • County:Orange
  • State:CA
  • Zip Code:92661

Amenities

  • Parking Spaces:6
  • # of Garages:6

Interior

  • Cooling:Wall or Window Units
  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:0-1 Unit/Acre

Additional Information

  • Date Listed:August 23rd, 2019
  • Days on Market:84

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Similar Neighborhoods to "Balboa Peninsula Point (BLPP)" in Newport Beach, California

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Balboa Peninsula (residential) (balp)

  • City:
    Newport Beach
  • Price Range:
    $1,898,000 - $8,995,000
  • Current Listings:
    14
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $1,141
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Provided By: Christine Lee(01317826), THE C. LEE GROUP.

Based on information from California Regional Multiple Listing Service, Inc. as of November 16th, 2019 at 8:26pm PST. 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.