MLS® ID: NP19161789

1609 E Balboa Boulevard

Newport Beach, California, 92661

$2,349,000 Active
  • - SQFT
Presenting a wonderful opportunity for instant income is this charming quadruplex located seconds to both the beach and bay within the highly desirable neighborhood of Peninsula Point. Encompassing (1) two-bedroom, one-bathroom unit and (3) one-bedroom, one-bathroom units, the property allows plenty of space for the future owner or manager to live on-site for easy property management. Three single garages provide additional storage and opportunity for income - previously rented at rate of $200/mo per garage. Given the high demand of the Newport Beach rental market, the future owner of this premier property has the potential to gross approximately $167,000/ year on all units and garages combined. Surrounded by multi-million dollar homes near the Fun Zone, countless shops and restaurants, this picturesque coastal residence is the perfect investment and place to call to home.
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Listing courtesy of Coldwell Banker Res. Brokerage

Amenities

  • Full baths
    0
  • Half baths
    0
  • Three-quarter Baths
    0
  • Total Baths
    0
  • Zip
    92661
  • Office name
    Coldwell Banker Res. Brokerage
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Quadruplex
  • Year built
    1949
  • Lot size
    2474.00
  • Sewer
    Public Sewer
  • Heating
    Wall Furnace
  • Tax year
    0
  • Agent name
    Tim Smith
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    U6312
  • Agent ID
    U10153

Location

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