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$10,480,000
166 Days Online

1007 E Balboa Boulevard
Newport Beach, CA 92661

For Sale|Multi-Family|Active
Subdivision:
Other (Othr)
County:
Orange
Listed by Shevy Akason of Keller Williams Realty N. Tustin
Call Now: 949.375.4430
Is this the home for you? We can help make it yours.
949.375.4430
1007 E Balboa Boulevard1007 E Balboa Boulevard1007 E Balboa Boulevard1007 E Balboa Boulevard
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10 Profitable rental units! This is a rare investment opportunity, located ocean front on the Balboa Peninsula between the pier and the wedge. You will not find another ocean front investment opportunity on the Peninsula with 10 units at this price. The property comes with short term rental permits, the current waiting list for permits it's 100's deep. The units are furnished, professionally designed, recently remodeled, and fully operating. Stop into a fully operating successful vacation rental, earning income day one. Four of the units feature unobstructed panoramic views of the ocean, Catalina and sunsets. Enjoy all ocean front living on the Peninsula has to offer including the beach, the waves, beautiful sunsets, the pier and park. Ample entertainment options like the Balboa Fun Zone, ferry to Balboa Island, shops and great restaurants are just a short walk away. Your own porch right on the beach, ocean view of the world famous wedge to the Balboa Pier, you can't beat this location. Boogie board, surf, bike, stroll the pier and board walk, play at the ocean front park and grab a coffee at one of the many cafes. There are three driveway parking spots and coin operating inside laundry room for the tenants.

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Listing Snapshot
Price 
$10,480,000
Days Online 
166 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,704 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.08 Acres
Year Built 
1909
MLS Number 
OC22069325
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS
4 weeks agoPrice changed to $10,480,000
2 months agoStatus changed to Active
2 months agoStatus changed to Pending
3 months agoPrice changed to $10,800,000
See 2 more
General Features
Parking 
Driveway
Parking Spaces 
0
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.08
Water 
Public
Garage Spaces 
0
Listing Conditions 
Standard
Property Condition 
Updated RemodeledTurnkey
Interior Features
Laundry Features 
Common AreaInsideLaundry Room
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Exterior Features
View 
Ocean
Pool Features 
None
Lot 
Item01 Unit AcreLevelNear Park
Community Features
Community Features 
Street LightsSidewalksPark
Senior Community 
No
MLS Area 
NP - Balboa Peninsula


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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