$5,999,000
0.12 acres
33.6072 -117.924

1701 W Balboa Boulevard Newport Beach, CA 92663

$5,999,000
Est. Monthly $30,504 recalculate
0.12 acres
 

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Walnut, CA 91789
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1701 W Balboa Boulevard
Newport Beach, CA 92663

Explore This Property

Multi-Family (2-4 Units) - RARE, DOUBLE LOT with 10 units and only 25 yards away from the sand on Balboa Peninsula. Unit mix consists of the following: one 4 bed 2 bath (has ocean views), two 2 bed 1 baths, four 1 bed 1 baths, three studios, and there are 10 separate garages. Professional Property Management company is handling the property with total rents are approximately $19,100 per month, this could be enhanced if new owner decides to turn property into weekly vacation rentals. All units are upgraded and updated with new kitchens and all have upgraded wood floors. Owner states the city of Newport Beach is open to having 13 condos built on the land itself thus giving an amazing opportunity for Investors, please check with City of NB. PLEASE DO NOT DISTURB ANY TENANTS, DRIVE BY ONLY, SHOWN WITH ACCEPTED OFFER.
MLS # OC17156126
Courtesy Of Lantern Bay Realty, Inc.

Property Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Lot Size: 0.12 Acres
  • Parking Type: Assigned
  • Roof Type: Unknown

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $30,504Your estimated monthly payment
    $1,199,80020% Down Payment
    $5,999,000 $5,399,100
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    NEWPORT ELEMENTARY SCHOOL
    Grades PRESCHOOL-6 | Public School

    NEWPORT BEACH, CA 92661
    1327 W BALBOA BLVD
    949-515-6965
    0.3
    miles

    Total Students 500
    Student Teacher Ratio 20:1

    School Rating

    4 stars View School Details
    Middle School
    HORACE ENSIGN INTERMEDIATE SCHOOL
    Grades 7-8 | Public School

    NEWPORT BEACH, CA 92663
    2000 CLIFF DR
    949-515-6910
    0.9
    miles

    Total Students 1200
    Student Teacher Ratio 30:1

    School Rating

    4 stars View School Details
    High School
    NEWPORT HARBOR HIGH SCHOOL
    Grades 9-12 | Public School

    NEWPORT BEACH, CA 92663
    600 IRVINE AVE
    949-515-6300
    1.3
    miles

    Total Students 2380
    Student Teacher Ratio 20:1

    School Rating

    4 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Newport Heights Elementary School 0.2 mi Public K-6
    Pacifica Christian High School-orange County 1.6 mi Private 9-10
    Carden Hall, Inc School 1.8 mi Private PRESCHOOL-8
    Mariners Elementary School 2.0 mi Public K-6
    Harper 2.0 mi Public PRESCHOOL-PRESCHOOL
    Whittier Elementary School 2.4 mi Public K-6
    St. Joachim 2.6 mi Catholic PRESCHOOL-8
    Woodland Elementary School 2.6 mi Public K-2
    Newport-mesa Adult 2.9 mi Public UNGRADE-UNGRADE
    Heinz Kaiser Elementary School 2.9 mi Public 3-6
    Pomona Elementary School 2.9 mi Public K-6
    Everett A. Rea Elementary School 3.0 mi Public PRESCHOOL-6
    Harbor View Elementary School 3.1 mi Public PRESCHOOL-6
    Page Private School 3.1 mi Private PRESCHOOL-8
    Christ Lutheran School 3.2 mi Private PRESCHOOL-8
    Our Lady Queen Of Angels 3.2 mi Catholic K-8
    Victoria Elementary School 3.3 mi Public K-5

    Local Area Information for Newport Beach, CA 92663

    Median Age: 39.1
    Married: 31.9%
    Number of Households: 10,332
    Households with Children: 1,601
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being 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.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.