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1114 W Balboa Boulevard

Newport Beach, CA 92661
  • $2,495,000
  • STATUS: Active Under Contract
  • ON SITE: 6 Days
  • ID#: NP24116467
Under Contract
$2,495,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Arthur Dorr of Balboa Realty (949-734-7419)


Description

Seize this incredible chance to own a vibrant residential fourplex on Balboa Blvd. in Newport Beach, CA. Nestled on the coveted Balboa Peninsula, 1114 West Balboa Boulevard is a standout 4-unit multifamily property in one of Southern California's premier coastal markets. Built in 1949, this charming property boasts a perfect blend of 2 one-bedroom units and 2 two-bedroom units. It features a convenient 2-car garage and an additional outdoor carport parking space.Ideally positioned near 11th Street, this gem is just a couple of blocks from the beach and the bay, placing you in the heart of coastal living. Enjoy easy walks to Newport Pier, Marina Park, Newport Elementary School, the Balboa Fun Zone, and a plethora of restaurants and shops. You're only steps away from Newport's world-famous beaches and the picturesque bayfront. Plus, the property is a short drive from chic boutiques, upscale dining, and popular entertainment venues across the peninsula.All units are tenant-occupied, so please schedule showings with at least 48-hour notice. Dont miss out on this unique and lively investment opportunity in an unbeatable location.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-14T00:36:51.777. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/151465400
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1114 W Balboa Boulevard Newport Beach, CA 92661

  • Price: $2,495,000
  • Status: Active Under Contract
  • On Site: 6 Days
  • ID#: NP24116467
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1949
Built
Neighborhood:
Balboa Peninsula (Residential) (Balp)
County:
Orange
Area:
NP - Balboa Peninsula
Property Description
Seize this incredible chance to own a vibrant residential fourplex on Balboa Blvd. in Newport Beach, CA. Nestled on the coveted Balboa Peninsula, 1114 West Balboa Boulevard is a standout 4-unit multifamily property in one of Southern California's premier coastal markets. Built in 1949, this charming property boasts a perfect blend of 2 one-bedroom units and 2 two-bedroom units. It features a convenient 2-car garage and an additional outdoor carport parking space.Ideally positioned near 11th Street, this gem is just a couple of blocks from the beach and the bay, placing you in the heart of coastal living. Enjoy easy walks to Newport Pier, Marina Park, Newport Elementary School, the Balboa Fun Zone, and a plethora of restaurants and shops. You're only steps away from Newport's world-famous beaches and the picturesque bayfront. Plus, the property is a short drive from chic boutiques, upscale dining, and popular entertainment venues across the peninsula.All units are tenant-occupied, so please schedule showings with at least 48-hour notice. Dont miss out on this unique and lively investment opportunity in an unbeatable location.
Exterior Features

Architectural Style Mid-Century Modern Construction Materials StuccoWood Siding Direction Faces South Entry Level 1 Entry Location 1 Exterior Features Awning(s) Fencing None Lot Features Walkstreet Number Of Separate Electric Meters 4 Open Parking Spaces 1 Parking Features GarageGarage Faces Rear Parking Total 3 Pool Features None Pool Private YN No Property Attached YN No Roof Flat View City Lights View YN Yes Waterfront Features Across the Road from Lake/OceanOcean Side Of FreewayOcean Side Of Highway

Interior Features

Accessibility Features Parking Appliances MicrowaveRefrigerator Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring LaminateVinyl Heating Wall Furnace Heating YN Yes Interior Features Tile Counters Window Features Blinds

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.6 Common Interest None Community Features BikingCurbsSidewalksUrban Contingency The information in this listing is deemed reliablebut should be verified by the purchaser. Buyer responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Current Financing None Electric Standard Garage YN Yes Gross Income 126210 Gross Scheduled Income 126210 Insurance Expense 6000 Land Lease YN No Laundry Features In Garage Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 90210 New Construction YN No New Taxes Expense 27000 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 36000 Possession Close Of Escrow Property Condition Fixer Property Sub Type Quadruplex Rent Control YN No Security Features Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Total Actual Rent 126210 Trash Expense 1200 Utilities Electricity AvailableNatural Gas AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 1800 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-14T00:36:51.777. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Arthur Dorr of Balboa Realty (949-734-7419)