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Key Details
Sold Price $8,500,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,704 sqft
Price per Sqft $1,806
MLS Listing ID CRNP24109926
Sold Date 08/22/24
HOA Y/N No
Year Built 1909
Lot Size 3,600 Sqft
Acres 0.08
Property Description
A remarkable opportunity to own 10 Units on the Oceanfront of the Balboa Peninsula with 7 Irreplaceable STR's (SHORT TERM RENTAL PERMITS)! This is a dream deal w/ a monster cap rate and a whopping $640,000 NET income in 2023! Located almost perfectly right next to Balboa Pier, Balboa Fun Zone, Balboa Ferry, Market & Deli, Shopping, Restaurants, Arcades, and More. Each unit is remodeled and ready to be rented immediately. 4 of the Units are directly facing the oceanfront with spectacular panoramic views, including the Pier. Priced to sell and motivated deal. APN 048-146-04 (additional 1,519 sqft parcel on sand/beach) also included.
Location
State CA
County Orange
Area Listing
Interior
Heating Space Heater
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Laundry Room, Other, Inside
Exterior
View Y/N true
View Panoramic, Water, Other, Ocean
Parking Type Other
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 04814404
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with GeorgeHanold