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1216 W Balboa Boulevard

Newport Beach, CA 92661
  • $7,695,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 22166569
UPDATED: 31 min ago
$7,695,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Michael O'neill II of Cb Richard Ellis, Inc. ()


Description

The Lightsand Apartment Homes is a seven-unit multifamily property located just one block (500 feet) from the sands of Newport Beach, at 1216 W. Balboa Blvd. This rare coastal offering provides an investor the opportunity to own a trophy asset in one of the most highly coveted locations in all of California. Exclusively comprised of two-bedroom floor plans featuring generous outdoor space with large patios.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-16T20:31:26.143. 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 Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
www.livelovebeachcities.com/homes/131259880
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1216 W Balboa Boulevard Newport Beach, CA 92661

  • Price: $7,695,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 31 min ago
  • ID#: 22166569
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1949
Built
Neighborhood:
NP - Balboa Peninsula
County:
Orange
Area:
NP - Balboa Peninsula
Property Description
The Lightsand Apartment Homes is a seven-unit multifamily property located just one block (500 feet) from the sands of Newport Beach, at 1216 W. Balboa Blvd. This rare coastal offering provides an investor the opportunity to own a trophy asset in one of the most highly coveted locations in all of California. Exclusively comprised of two-bedroom floor plans featuring generous outdoor space with large patios.
Exterior Features

Parking Features Door-SingleGarageUncovered Parking Total 8

Property Features

Association Fee 0 Garage YN Yes Gross Income 366000 Listing Agreement Seller Reserved Listing Service Entry Only Net Operating Income 242113 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-16T20:31:26.143. 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 Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
 
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Bathurst Coastal Properties | Compass
2141 Rosecrans Ave, Suite 1120
El Segundo CA, 12345
Listing Agent(s): Michael O'neill II of Cb Richard Ellis, Inc. ()