Address
1216 W Balboa Boulevard Newport Beach, CA
Price
$ 4,999,888
Property Attributes
  • ML#CV21029693
  • TypePending
  • CountyORANGE
  • CityNewport Beach
  • AreaBalboa Peninsula
  • NeighborhoodBalboa Peninsula
  • Zip92661
  • Style
  • Price$ 4,999,888
  • Bedrooms7
  • Full Bathrooms7
  • Half Bathrooms0
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
STEVE GOMEZ with RE/MAX TIME REALTY.
Data Source:
CRMLS
Property Description

NEWPORT BEACH 7 UNIT ON THE BALBOA PENINSULA. THIS TROPHY PROPERTY IS LOCATED IN THE HEART OF NEWPORT BEACH. FEATURES A DOUBLE LOT, ON-SITE LAUNDRY ROOM, GARAGES AND PARKING SPACES INCLUDED. CURRENT OWNER HAS 7 AirBnb LICENSES. FOUR 2 BEDROOM 2 BATH AND THREE 2 BEDROOM 1 BATH UNITS. UNITS ARE CURRENTLY ON MONTH TO MONTH OR YEARLY LEASES.

Price History
2/12/2021 Listed $4,999,888

General Features

Community Features Biking, Curbs
Garage Spaces 4
Garage Y/N Yes
Interior Features Balcony, Ceiling Fan(s)
Levels Two
MLS Area NP - Balboa Peninsula
Parking Features Assigned
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Subdivision Name Balboa Peninsula (Residential) (BALP)
Terms Cash, Conventional, 1031 Exchange
Total Units 7
Water Sewer Expense 8200

Interior Features

Common Walls 2+ Common Walls
Fireplace Features None
Laundry Features Common Area

Exterior Features

Lot Features Rectangular Lot
Lot Size Acres 0.14
Lot Size Area 6098
Lot Size Source Assessor
Lot Size Square Feet 6098
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 8
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Total Parking 4
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92661

Price
AVG $6.24M
$5M
Visits
AVG 268
87
Year Built
AVG 1974
1949
Walkscore
AVG 54
61
Data Provided by Walkscore ® not using MLS data

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