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1216 W Balboa Boulevard, Newport Beach, CA

$5,400,000 - $5.4M Price - 5,382 Sqft - 6,098 Lot Sq. Ft - 89 DOM

** 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.

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Essential Information

For 1216 W Balboa Boulevard, Newport Beach, CA
  • MLS® # CV19201913
  • Price $5,400,000
  • Bathrooms 0.00
  • Square Footage 5,382
  • Lot Square Footage 6,098
  • Year Built 1949
  • Type Residential Income
  • Status Active

Community Information

For 1216 W Balboa Boulevard, Newport Beach, CA
  • 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

For 1216 W Balboa Boulevard, Newport Beach, CA
  • Parking Spaces 6
  • # of Garages 6

Interior

For 1216 W Balboa Boulevard, Newport Beach, CA
  • Cooling Wall or Window Units
  • # of Stories 2
  • Stories Two

Exterior

For 1216 W Balboa Boulevard, Newport Beach, CA
  • Lot Description 0-1 Unit/Acre

Additional Information

For 1216 W Balboa Boulevard, Newport Beach, CA
  • Date Listed August 23rd, 2019
  • Days on Market 89

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1216 W Balboa Boulevard Newport Beach MLS® #CV19201913

You are viewing the for at 1216 W Balboa Boulevard with the MLS® CV19201913 on Previewochomes.com. This at 1216 W Balboa Boulevard, CA . 92661 is located in the Balboa Peninsula Point (BLPP) subdivision and is currently for featuring 5382 sq.ft. of living space, a 6098 sq.ft. lot and listed for sale at $5,400,000. This for at 1216 W Balboa Boulevard with the MLS® # CV19201913 has been listed since 2019-08-23.

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Based on information from California Regional Multiple Listing Service, Inc. as of November 21st, 2019 at 10:06am 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.

Property Listed By: Christine Lee(01317826) of THE C. LEE GROUP