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1216 W Balboa Blvd

Newport Beach, CA 92661
  • $7,495,000
  • STATUS: Active
  • ON SITE: 187 Days
  • MLS #: 22-166569
UPDATED: 9 min ago
$7,495,000
  • 14
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,565
    SQFT
  • $1,347
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

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 the Combined LA/Westside Multiple Listing Service as of 2023-01-29T20:42:51.977. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/131257291
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1216 W Balboa Blvd Newport Beach, CA 92661

  • Price: $7,495,000
  • Status: Active
  • On Site: 187 Days
  • Updated: 9 min ago
  • MLS #: 22-166569
14
Beds
0
Baths
0
½ Baths
0.14
Acres
5,565
SQFT
$1,347
$/SQFT
1949
Built
Neighborhood:
Balboa Peninsula
County:
Orange
Area:
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

Lot Size Area 6232 Other Structures None Parking Garage Garage - 1 CarUncovered Total Parking 8

Interior Features

Baths Total 11.00 Cooling Other Equipment None Heating Other

Property Features

Assessed Total Value 3498270 Gross Income 373440 Gross Operating Income 362489 Like Units1 3 Like Units2 4 Net Operating Income 251007.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 111482 Type Of Units Apartments Year Built Source Vendor Enhanced

Listing provided courtesy of Michael O'neill II DRE#02036937 of Cb Richard Ellis, Inc.: .


Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-01-29T20:42:51.977. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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75486 Augusta Drive
Indian Wells CA, 92210