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1701-1703 W Balboa Blvd
Newport Beach, CA 92663 Central Newport Beach

$6,100,000 USD

Apartments For Sale  •  7,553 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,553 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1948
  • Zoning Multifamily
32 Transit Score
85 Walk Score

Highlights

Trophy asset located on a triple lot (±7,688 SF) on the corner of Balboa Boulevard and 17th Street.
Great interior & exterior condition with recent capital improvements completed.
Currently, 1701 W. Balboa Blvd. is the only property (5+ units) available for sale in the entire city.
Comprised of a mix of (5) studio units, (3) one-bedroom units, (1) two-bedroom unit, and (1) four-bedroom unit.
New owner has the opportunity to increase rents to market and implement a RUBS program to recapture tenant's portion of utility costs.
Amenities include bay & ocean views in select units, community sun deck, on-site laundry facility (owned) & (9) single-car garage spaces

Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Trash Pickup - Curbside
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Public Transportation
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
John Wayne/Orange County 12 min - 7.0 mi
Long Beach (Daugherty Field) 34 min - 24.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Covered
Included in Rent: Yes
Mike O’Neill 951-756-0448 CBRE
Mike O’Neill 951-756-0448 CBRE