916 E Oceanfront, Newport Beach, CA 92661

$5,500,000
5,650
SqFt
List Price
$5,500,000
Status
ACTIVE
MLS#
NP19257412
Year Built
1972
Living Sq. Ft
5,650
Lot Size
5,577
Acres
0.128
Lot Location
2-5 Units/Acre
Days on Market
37
Property Type
Multifamily
Style
Custom Built
Stories
Two Level
Neighborhood
Balboa Peninsula (Residential) (Balp)

Property Description

TWO DUPLEXES! 916 East Oceanfront (APN 048-143-18) *AND* 919 East Balboa Boulevard (APN 048-143-08) are included in this sale! Can you imagine acquiring a Balboa peninsula duplex for 1.6 and a Balboa Peninsula oceanfront for 3.9? Because now you can! These two units need to be sold together due to the geography of the peninsula and their unique layout, but they provide a great mix of short and long term rental income. - 916 East Oceanfront is a duplex with a 3 bedroom 2 bath upstairs and a 2 bedroom 2 bath downstairs. It is currently being used as a vacation rental income property. - 919 East Balboa is a duplex with a 3 bedroom 2 bath upstairs and a 3 bedroom 2 bath downstairs. It is currently being used as a long term rental income property. These are prime income units with ocean and bay views, on the boardwalk, steps to sand, and a block from dining, shopping and activities of the Balboa Village. What's more, there is tremendous potential for increasing revenue with some basic cosmetic upgrades. Inquire with agent for pro forma details. TWO DUPLEXES! 916 East Oceanfront (APN 048-143-18) *AND* 919 East Balboa Boulevard (APN 048-143-08) are included in this sale!

Additional Information

Tract Number
104
Lot Description
Carbon Monoxide Detector(s), Smoke Detector(s), Biking, Fishing, Gutters, Watersports, Urban
Appliances
Barbecue, Dishwasher, Disposal, Gas Oven, Microwave, Range Hood, Refrigerator, Water Heater
Pool Description
None
Fireplace Description
Living Room
Heat
Forced Air
Cooling Description
None
View
Catalina, Ocean, Pier, Water
Roof
Composition
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Art White from White Sail Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.