New Balboa Peninsula Income Property

Balboa Street frontage on wide lot. View unit above in back.

Newport Harbor out back door

Remodeled unit with vaulted ceilings & fireplace

Beach is all your's at Newport Tower 10

Private 3rd story deck with Newport Harbor and ocean views

Phenonmenal rental property in always desirable Balboa Peninsula location. Six units all currently rented (many with long term tenants). One house from bay beach and one block from ocean beach and lifeguard tower 10. Three units have been remodeled and the other three are in original condition. Large, double lot with 50′ frontage and 100′ depth. Alley access and garages for five cars. Ocean and bay views from upstairs rear unit with private deck which makes for a great owner’s unit. All other units (except studio) enjoy fireplaces and vaulted ceilings. Proximity to shopping & dining, bike path, and of course beach & water access. Great investment opportunity with future development / lot split possibility for new condos.  As it stands, this is a place where people want to live and never leave.  A rare find.