MLS® ID: OC18241995
719 W Balboa Boulevard
Newport Beach, California, 92661 $1,635,000
Location, Location, Location. Excellent opportunity to own this amazing 4 unit Balboa Blvd building just 1 house away from sand and across from the famous brand new Newport Harbor Yacht Club and Bay. This is an amazing chance to own an income generating investment or buy to rebuilt your dream
beach home with AMAZING FULL BAY VIEW AND PARTIAL OCEAN VIEW. 4 studio units each equipped with full kitchen and full bath and ocean and bay view from some of the units and great monthly income. (one of the highest rent income on Balboa currently) Property is in good shape overall with no need of any major repairs. There are potentials to remove the back fence and create a 1 to 2 car parking space and on site laundry which will improve the rental income. Unit 1 and 2 are under market rent and can be improved to $1900+ per month.3 Units are sold fully furnished.Don't lose this great opportunity!