This vintage residential income property is a conforming, separately metered two-on-a-lot fourplex on the ocean side of West Balboa Boulevard, consisting of a 3 bedroom, 2 bedroom, 1 bedroom and studio apartment. Located one house off of the oceanfront, with peekaboo ocean view from the 3 bedroom. Three garages, shared washer and dryer in garage. All units are rented, and the property generates strong income. While these are original structures from the early days of Newport Beach, they are well maintained and serviceable. The 3 and 2 bedroom units are recently renovated, and the 1 bedroom and studio are in good, operable condition. For the discerning beach area investor, this property offers considerable income now, and the large, 3049 sq ft lot (approx; buyer to verify) offers great redevelopment potential down the road.
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This Multi-Family home
for sale in Newport Beach, CA
is currently listed for $1,750,000.
Featuring a lot size of 3,049 Sq. Ft.,
1045 W Balboa Boulevard
was built in 1930 and
has been on ERA.com for 20 days.
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Data last updated: Tuesday, December 6, 2016 at 9:26 AM. Properties in listings may have been sold or may no longer be available.