MLS® ID: NP19240231
1116 W Balboa Boulevard
Newport Beach, California, 92661 $2,350,000
Active Under Contract
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.