900 E Oceanfront

    Newport Beach, CA 92661
    • $7,500,000
    • STATUS: Active
    • ON SITE: 113 days
    • ID#: NP19257387
    UPDATED: 41 min ago
    $7,500,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,850
      SQFT
    • $1,282
      $/SQFT
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    SIX UNITS ON THE OCEANFRONT - Here is your chance to operate what could be in effect an oceanfront hotel on the Balboa Peninsula! Six 2 bedroom 2 bath units on the boardwalk, with Balboa Park, sand and ocean straight ahead, and the shopping, dining and activities of Balboa Village just a block away. Each unit has 1 car parking on the carport. Currently a mix of short term and long term rental units. Huge room for revenue improvement as well - with some cosmetic and furniture upgrades, current income could vastly increased. Inquire with agent as to pro forma options. - SIX UNITS ON THE OCEANFRONT

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-28T18:32:22.813. 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 deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

    www.livelovethefoothills.com/homes/100617421

    900 E Oceanfront Newport Beach, CA 92661

    • Price: $7,500,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: NP19257387
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,850
    SQFT
    $1,282
    $/SQFT
    1971
    Built
    Neighborhood:
    Balboa Peninsula (Residential) (Balp)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    Property Description
    SIX UNITS ON THE OCEANFRONT - Here is your chance to operate what could be in effect an oceanfront hotel on the Balboa Peninsula! Six 2 bedroom 2 bath units on the boardwalk, with Balboa Park, sand and ocean straight ahead, and the shopping, dining and activities of Balboa Village just a block away. Each unit has 1 car parking on the carport. Currently a mix of short term and long term rental units. Huge room for revenue improvement as well - with some cosmetic and furniture upgrades, current income could vastly increased. Inquire with agent as to pro forma options. - SIX UNITS ON THE OCEANFRONT
    Exterior Features

    Architectural Style See Remarks Carport Spaces 8.00 Construction Materials Stucco Exterior Features LightingRain Gutters Fence YN Yes Fencing Stone Foundation Details Slab Garage Spaces 0.00 Lot Features 6-10 Units/AcrePark Nearby Lot Size Source Assessor Lot Size Units Square Feet Parking Features Attached Carport Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type Alley Roof Composition Spa Features None Spa YN No View CatalinaOceanWater View YN Yes Waterfront Features Beach AccessBeach FrontOcean AccessOcean Front

    Interior Features

    Appliances BarbecueDishwasherElectric OvenElectric RangeElectric CooktopMicrowaveRange HoodRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 975 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Tile Heating Forced Air Heating YN Yes Interior Features FurnishedGranite CountersHigh CeilingsOpen Floorplan Laundry Features Electric Dryer HookupIn CarportWasher Hookup Levels Two Room Type Living RoomMaster BathroomMaster Bedroom

    Property Features

    Accessibility Features None Additional Parcels YN No Building Area Units Square Feet Community Features CurbsGuttersWatersportsSidewalks Country Us Electric Standard Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Scheduled Income 244030.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 6 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 6 Number With Disposal 6 Number With Drapes 6 Number With Patio 6 Number With Range 6 Number With Refrigerator 6 Operating Expense 0.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Security Features Carbon Monoxide Detector(S)Card/Code AccessSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Balboa Peninsula (Residential) (Balp) Total Actual Rent 244030.00 Total Expenses 0.00 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas Not AvailableSewer ConnectedWater Connected Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Art White of White Sail Realty and Pamela White of White Sail Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-28T18:32:22.813. 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 deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

     
    The Costantino Group | Cal American Homes and Realty
    405 West Foothill Blvd Suite 203
    Claremont CA, 91711