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Property view

1007 E Balboa Boulevard, 
Newport Beach, CA 92661

$8,500,000

—

Bed

—

Bath

4,704

Sq Ft

Multi-Family

Sold

Listed by

George Hanold

, 

Regan Beegle

Bought with Times Real Estate CA

Times Real Estate Ca

949-836-5480

MLS#

NP24109926

Source:

CALREDD

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About This Home

1007 E Balboa Boulevard

A remarkable opportunity to own 10 Units on the Oceanfront of the Balboa Peninsula with 7 Irreplaceable STR's (SHORT TERM RENTAL PERMITS)! This is a dream deal w/ a monster cap rate and a whopping $640,000 NET income in 2023! Located almost perfectly right next to Balboa Pier, Balboa Fun Zone, Balboa Ferry, Market & Deli, Shopping, Restaurants, Arcades, and More. Each unit is remodeled and ready to be rented immediately. 4 of the Units are directly facing the oceanfront with spectacular panoramic views, including the Pier. Priced to sell and motivated deal. APN 048-146-04 (additional 1,519 sqft parcel on sand/beach) also included.

Home Facts

Multi-Family

Built in 1909

Price Summary

9,500,000

$2,019 per Sq. Ft.

MLS #:

NP24109926

Sold:

August 22, 2024

Rooms & Interior

Interior

Living Area:

4,704 Sq. Ft.

Structure

Structure

Building Area:

4,704 Sq. Ft.

Year Built:

1909

Lot

Lot Size (Sq. Ft):

3,598

Finances & Disclosures

Finances

Price:

$9,500,000

Price per Sq. Ft:

$2,019 per Sq. Ft.

Source:CALREDD
Based on information from California Regional Multiple Listing Service, Inc. as of May 2, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.