1609 E Balboa Boulevard Newport Beach, CA 92661
Presenting a wonderful opportunity for instant income is this charming quadruplex located seconds to both the beach and bay within the highly desirable neighborhood of Peninsula Point. Encompassing (1) two-bedroom, one-bathroom unit and (3) one-bedroom, one-bathroom units, the property allows plenty of space for the future owner or manager to live on-site for easy property management. Three single garages provide additional storage and opportunity for income – previously rented at rate of $200/mo per garage. Given the high demand of the Newport Beach rental market, the future owner of this premier property has the potential to gross approximately $167,000/ year on all units and garages combined. Surrounded by multi-million dollar homes near the Fun Zone, countless shops and restaurants, this picturesque coastal residence is the perfect investment and place to call to home.
|23 hours ago||Listing updated with changes from the MLS|
|3 months ago||Status changed to Active Under Contract|
|4 months ago||Price changed to $2,195,000|
|6 months ago||Status changed to Active|
|6 months ago||Status changed to Active Under Contract|