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Image 1 - 1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA - Townhouse for sale
Image 2 - 1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA - Townhouse for sale
Image 3 - 1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA - Townhouse for sale
Image 4 - 1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA - Townhouse for sale
Image 5 - 1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA - Townhouse for sale
Image 6 - 1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA - Townhouse for sale
Image 7 - 1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA - Townhouse for sale
Image 8 - 1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA - Townhouse for sale
Image 9 - 1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA - Townhouse for sale
Residential Income
1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA

Residential Income

townhouse for sale
27 views
Listed: 02/13/23

1002 East Balboa Boulevard, Balboa, Newport Beach, CA 92661, USA

Studio Bed:
1 Bath:
4,704 Sq Ft Living Area:
Save
Price
$ 10,28M

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

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Balboa Peninsula Housing & Living

Household Income

Median household income: $119,379
Number of households: 37,971
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.