1701 Balboa blvd, Newport Beach, CA 92663
Active
$6,190,000
5%
10 Units
0 Beds
0 Baths
7,553 Area(sq.ft.)
Lot: 7,688 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 5 | studio | 1 | No | $ 2,235 | $ 11,175 | $ 12,375 |
| Unit 2 | 3 | 1 | 1 | No | $ 2,617 | $ 7,850 | $ 9,000 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,995 | $ 2,995 | $ 3,300 |
| Unit 4 | 1 | 4 | 2 | No | $ 5,200 | $ 5,200 | $ 6,000 |
| 10 | 9 | 11 | $ 27,221 | $ 87,620 | $ 98,175 |
| MLS #: | 25-483409 |
| Days On Market: | 335 |
| Listing Date: | January 15, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 820 |
| Price per unit: | $ 619,000 |
| Year Built: | 1948 |
Property Details
Located on a triple lot (7,688 SF) on the corner of Balboa Blvd & 17th Street on the Newport Beach Peninsula, 1701-1703 W. Balboa Blvd. is a 10-unit multifamily opportunity. The property offers bay & ocean views in select units, a community sun deck, on-site laundry facility and a unit mix of studio-, one-, two- and four-bedroom floorplans. The property has had recent improvements including new exterior paint, new garage doors, new windows (select units) and main panel replaced.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 322,241 |
| Total Annual Expense: | $ 128,609 |
| Net Operating Income: | $ 193,632 |
| Gross Annual Income: | $ 332,040 |
| Gross Rent Multiplier: | 18.64 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Parking Garage: | Garage |
Interior
| AC/Cooling: | Other |
| Equipment: | None |
| Heating: | Other |
Exterior
Detailed Map
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Income
