1213 W Balboa Blvd - Apartments FOR SALE


Newport Beach, CA 92661- Central Newport Beach
$3,100,000-$6,200,000 USD
949-355-8006
1213 W Balboa Blvd, Newport Beach, CA for Sale
$3,100,000-$6,200,000 USD
Apartments - FOR SALE
1/8
null | 3.13% Cap Rate

1213 W Balboa Blvd
Newport Beach, CA 92661
Central Newport Beach


HIGHLIGHTS

  • One house to the beach/ocean, walk to restaurants and bars.
  • Lots of natural light in all units. Building is very well kept. Great development opportunity.

OVERVIEW

1209 W. Balboa Blvd, Newport Beach has 3 units, two are 2 bedroom 2 bathroom and One over the garage is 1 bedroom 1 bath large space. Each unit has gone through remodel over the years. Currently rented annually with upside potential for a building one house to the sand/ocean. The mirror building next door 1213 W. Balboa is also for sale and has the same unit configurations. Preferable for both will sell together. Each site can be developed into 3 stack condo's on each parcel with ocean views from the top units. Each building has 3 car garages and additional parking. Call Karly Brown for more information.

FOR SALE DETAILS

PRICE

$3,100,000-$6,200,000 USD

PRICE/SF

$971 USD /SF

# OF UNITS

3

PRICE/UNIT

$2,066,667

CAP RATE

3.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1209 W Balboa Newport

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,180 SF

ZONING

Multi-Family

APN/PARCEL ID

047-241-11

ASK ABOUT THIS PROPERTY

Karly BrownBNR & AssociatesMore Info
949-355-8006

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Karly BrownBNR & AssociatesMore Info
949-355-8006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.