1811 W Balboa Blvd W, Newport Beach, CA 92663

Property Description

Absolutely MASSIVE price reduction. An 'as is" bargain. Termite report and inspection report on file. The absulute best location with high gross. Not triplex deal like this.Ocean side of Balboa Blvd, 100 feet from the sand. No busy street to cross. And the best gross multiplier on the peninsula. This is 3 units consisting of a 2 bd, 1 bath detached house in front, a 1, bd, 1 bath lower unit, and a 2 bd 2 bath upper unit in the rear that was added in 1982. There is a separate laundry for the use of all units and there are three carports. The potential here is tremendous. And the summer rentals are booking up! A cash cow!
 
 All units are fully furnished including big screen tv's and are used as summer/winter rentals. The owner will help with training the buyer and showing how he has done it for years. There is upside potential for rents.
 
 The highest gross and lowest rent multiplier on the peninsula for a building like this makes it a spectacular investment. While subject to a 1031 exchange there is not a problem with escrow times. 
 
 if you are looking for a beach rental that makes economic sense,, this is it. THE LISTED RENTS ARE WINTER ONLY. CALL FOR INFO ON SUMMER AMTS.
 Available to show anytime.