916 E Oceanfront

    Newport Beach, CA 92661
    • $5,500,000
    • STATUS: Active
    • ON SITE: 107 days
    • ID#: NP19257412
    UPDATED: 87 min ago
    $5,500,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,650
      SQFT
    • $973
      $/SQFT
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Ratings & Info

    Description

    TWO DUPLEXES! 916 East Oceanfront (APN 048-143-18) *AND* 919 East Balboa Boulevard (APN 048-143-08) are included in this sale! Can you imagine acquiring a Balboa peninsula duplex for 1.6 and a Balboa Peninsula oceanfront for 3.9? Because now you can! These two units need to be sold together due to the geography of the peninsula and their unique layout, but they provide a great mix of short and long term rental income. - 916 East Oceanfront is a duplex with a 3 bedroom 2 bath upstairs and a 2 bedroom 2 bath downstairs. It is currently being used as a vacation rental income property. - 919 East Balboa is a duplex with a 3 bedroom 2 bath upstairs and a 3 bedroom 2 bath downstairs. It is currently being used as a long term rental income property. These are prime income units with ocean and bay views, on the boardwalk, steps to sand, and a block from dining, shopping and activities of the Balboa Village. What's more, there is tremendous potential for increasing revenue with some basic cosmetic upgrades. Inquire with agent for pro forma details. TWO DUPLEXES! 916 East Oceanfront (APN 048-143-18) *AND* 919 East Balboa Boulevard (APN 048-143-08) are included in this sale!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-22T13:28:59.907. 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/100617403

    916 E Oceanfront Newport Beach, CA 92661

    • Price: $5,500,000
    • Status: Active
    • Updated: 87 min ago
    • ID#: NP19257412
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    5,650
    SQFT
    $973
    $/SQFT
    1972
    Built
    Neighborhood:
    Balboa Peninsula (Residential) (Balp)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    Property Description
    TWO DUPLEXES! 916 East Oceanfront (APN 048-143-18) *AND* 919 East Balboa Boulevard (APN 048-143-08) are included in this sale! Can you imagine acquiring a Balboa peninsula duplex for 1.6 and a Balboa Peninsula oceanfront for 3.9? Because now you can! These two units need to be sold together due to the geography of the peninsula and their unique layout, but they provide a great mix of short and long term rental income. - 916 East Oceanfront is a duplex with a 3 bedroom 2 bath upstairs and a 2 bedroom 2 bath downstairs. It is currently being used as a vacation rental income property. - 919 East Balboa is a duplex with a 3 bedroom 2 bath upstairs and a 3 bedroom 2 bath downstairs. It is currently being used as a long term rental income property. These are prime income units with ocean and bay views, on the boardwalk, steps to sand, and a block from dining, shopping and activities of the Balboa Village. What's more, there is tremendous potential for increasing revenue with some basic cosmetic upgrades. Inquire with agent for pro forma details. TWO DUPLEXES! 916 East Oceanfront (APN 048-143-18) *AND* 919 East Balboa Boulevard (APN 048-143-08) are included in this sale!
    Exterior Features

    Architectural Style Custom Built Carport Spaces 4.00 Construction Materials Stucco Exterior Features Barbecue PrivateLightingRain Gutters Fence YN Yes Fencing Stone Foundation Details Slab Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source See Remarks Lot Size Units Square Feet Parking Features AssignedAttached Carport Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View CatalinaOceanPierWater View YN Yes Waterfront Features Beach AccessBeach FrontOcean AccessOcean Front

    Interior Features

    Appliances BarbecueDishwasherDisposalGas OvenMicrowaveRange HoodRefrigeratorWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Door Features Sliding Doors Fireplace Features Living Room Fireplace YN Yes Flooring Tile Heating Forced Air Heating YN Yes Interior Features BalconyBeamed CeilingsCeiling Fan(S)FurnishedGranite CountersHigh CeilingsOpen Floorplan Laundry Features Gas Dryer HookupIn ClosetIndividual RoomWasher Hookup Levels Two Room Type KitchenLaundryLiving RoomMaster BathroomMaster BedroomWalk-In Closet Window Features Blinds

    Property Features

    Accessibility Features None Additional Parcels Description 04814308 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features BikingFishingGuttersWatersportsUrban Country Us Electric Standard Elevation Units Feet Gross Income 0.00 Gross Scheduled Income 195067.00 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 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 4 Operating Expense 0.00 Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Balboa Peninsula (Residential) (Balp) Total Actual Rent 195067.00 Total Expenses 0.00 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public Year Built Source See Remarks Zoning R-2

    Listing provided courtesy of Art White of White Sail Realty and Baylee Leavitt of White Sail Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-22T13:28:59.907. 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.

     
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    Claremont CA, 91711