Offered For Sale

1116 W Balboa Boulevard

#NP19240231

MLF

Built in 1953

SOLD

About the property

Located just 2 houses from the sand makes this a highly desirable 4-plex on Newport’s Balboa Peninsula. This income property offers excellent income with minimal vacancy for any investor. All units are currently occupied with qualified long-term tenants. Each unit was renovated in 2006. The ground-level features a front 2-bedroom 2-bathroom unit and a separate one-bedroom unit off the back of the property. The second floor has two separate 2-bedroom 1-bathroom units. Both units on the second level have vaulted ceilings which lend a bright and airy ambiance to the space. Each unit comes with a parking spot in the rear carport off the alley. With a prime location on the peninsula, this coastal income property is just steps from some of the best beaches in the area. This 4-plex has much higher income potential than most other investment properties on the peninsula at this price point.

Features

General

  • Half Bathrooms 0
  • Real Estate Type MLF
  • Square Feet 2,190
  • Stories 2
  • Year Built 1,953
  • Agent Name Artie Dorr
  • Broker Id U6779
  • Office Name Balboa Realty
  • Days On Market 116
  • Status Closed
  • Close Date 2020-03-18T07:00:00Z

Location

  • Subdivision Balboa Peninsula (Residential) (BALP)

Location

Questions

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