1116 West Balboa Boulevard
1116 West Balboa Boulevard
$2,175,000
7
5
2,190
2,190
$993
Closed 3/18/20
Description
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...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.
- Listed by Arthur Dorr • DRE #01899740 • Brokerage DRE #01897014 • Balboa Realty
- Listed by Alex Batley • DRE #01897014 • Brokerage DRE #01897014 • Balboa Realty
Property Details for 1116 West Balboa Boulevard
Parking Spaces Total
4
Private PoolNo
Total Units4.0
Building TypeAttached
Living Area2190
Assessor Parcel Number047-263-26
Property Attached YNtrue
Common Walls2+ Common Walls
Location
LISTING UPDATED: 03/18/2020 04:01 AM
Property Details for 1116 West Balboa Boulevard
Status | Closed |
---|---|
MLS # | NP19240231 |
Days on Market | 116 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1953 |
Lot Size | 0.07 AC / 3,049 SF |
County | Orange County |
Location
Building Information for 1116 West Balboa Boulevard
Stories2Residences-Year Built1953Building Size-Lot Size0.07 AC / 3,049 SF
Payment Calculator
$13,953 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1116 West Balboa Boulevard
Property History for 1116 West Balboa Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1116 West Balboa Boulevard
Taxable ValueLand$2,185,610Additions$100,702Total$2,286,312
Tax Record2023$25,001 ($2,083 / month)
Home Facts
Total Finished SqFt2,190 SqFtAbove Grade Finished SqFt2,190 SqFtStories2Lot Size3,067 SqFtStyleQuadraplexYear Built1953CountyORANGEAPN047-263-26
Schools near 1116 West Balboa Boulevard
This home is within Newport-Mesa Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Newport Elementary School PublicK to 6 | ||
Horace Ensign Intermediate School Public7 to 8 | ||
Newport Harbor High School Public9 to 12 | ||
Monte Vista High School PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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