1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA
StudioBed:
1Bath:
4,704 Sq FtLiving Area:
Save
Price
$ 10,28M
Show
6
more
About This
Townhouse
10 Profitable rental units! This is a rare investment opportunity, located ocean front on the Balboa Peninsula between the pier and the wedge. You will not find another ocean front investment opportunity on the Peninsula with 10 units at this price. The property comes with short term rental permits, the current waiting list for permits it's 100's deep. The units are furnished, professionally designed, recently remodeled, and fully operating. Stop into a fully operating successful vacation rental, earning income day one. Four of the units feature unobstructed panoramic views of the ocean, Catalina and sunsets. Enjoy all ocean front living on the Peninsula has to offer including the beach, the waves, beautiful sunsets, the pier and park. Ample entertainment options…
Full description
Property Includes
Parking
Beach View
Furnished
Protect Yourself FromRental Scams
While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow
expert tips to reduce the risk of fraud when renting a new apartment.
The average household income in
Newport Beach, CA
grew
from
$115,845
to
$119,379
in the past year. This data is an estimate based upon
37,971
households in
Newport Beach, CA. The chart below presents how household income is distributed in
Newport Beach, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Newport Beach, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Newport Beach, CA
equals
$3k+
, which is
more
than the national average.