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Sq.Ft. Lot2,520
Year1909
Status:
Sold
Property Type:Residential Income (Multi-Family)
MLS #:OC16763618
Date Sold:3/10/2017
Lot Size:2,520 Sq. Ft.
County:Orange
Listing Agent/Office
Agent:Kristina Heimstaedt
Office:Villa Real Estate
Charming beach house tri-plex being offered at a 4.1% cap rate. The property is conveniently situated near the beach, bay, Balboa Park, and Balboa Village. Excellent outdoor space for two out of the three units as well as two storage units on the property. The light and bright upstairs unit has peekaboo ocean views over the Balboa Park. Downstairs has a large front patio with ample space for large seating area or entertainment space. Back studio is a stand alone structure and has excellent closet space. Coin operated washer and dryer shared amongst the three units and owned by seller and may be sold with the property. Tenant occupied and tenants are unaware of sale. Please do not disturb.
Detailed Maps
Community Information
Address:915 E Balboa Blvd, Newport Beach, CA 92661
Area:NP - Balboa Peninsula
County:Orange
City:Newport Beach
Subdivision:Balboa Peninsula (Residential) (Balp)
Zip Code:92661
Architecture
Year Built:1909
Stories:2
Style:Spanish
Number of Buildings: 2
Total Units: 3
Roof: Composition
Parking Features: On Street
Features / Amenities
Interior Features: Balcony, Ceiling Fan(s)
Flooring: Laminate
Laundry: Common Area
Common Walls: No Common Walls
Heating: Wall Furnace
Property Features
Lot Size:
0.06 Acres / 2,520 Sq. Ft.
Lot Features: Item25UnitsAcre, NearPark, Near Public Transit, Street Level
Waterfront: Beach Access, Ocean Access
View: Catalina, Coastline, Ocean, Water
Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Available, Water Connected
Sewer: Public Sewer
Water: Public
Electric: ElectricityOnProperty
Directions:Between A and B Street
Tax and Financial Info
Buyer Financing: CashtoNewLoan
Cap Rate: 4.1
Gross Income: $81,600
Gross Scheduled Income: $81,600
Net Operating Income: $65,473
Electric Expense: $1,599
Insurance Expense: $1,654
New Taxes Expense: $11,532
Water/Sewer Expense: $776
Operating Expense: $16,127
Terms: CashtoNewLoan
Schools
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Based on information from California Regional Multiple Listing Service, Inc. as of February 4, 2023. 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. IDX provided by Sierra Interactive.