1701 Balboa Boulevard, Newport Beach, CA, 92663

1701 Balboa Boulevard, Newport Beach, CA, 92663 < >
for sale
$5,699,000
Year Built:1948
Status:Active
MLS #:OC18000424
Date Updated:
For information contact:
Bob Caustin
(949) 721-5500
LIC1# 00779700
Get More Information
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 $21,00 per month, this could be enhanced if new owner decides to turn property into weekly vacation rentals or raise rents. 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 7-10 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.
Exterior Details
Roof: Composition, ShingleWaterfront Features: Across the Road from Lake/Ocean, Beach Access, Beach

Community Information
County Or Parish: OrangeDirections: 55 South to end of freeway.
MLS Area Major: NP - Balboa Peninsula

Property Information From MLS Data
Business Type: Multi-TenantNumber Of Buildings: 1
Property Sub Type: Multi FamilyVirtual Tour: Click here
Year Built: 1948

Utilities
Utilities: Cable Available, Phone AvailableWater Source: Public

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Monthly Payment for 1701 Balboa Boulevard
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$5,699,000
Down Payment:
Loan Amount:$4,559,200
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Tony Morrison, Lantern Bay Realty

Information obtained from CACRMLS is current as of 1/17/2018 1:10 AM. 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.