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1040 W W Balboa Blvd

Newport Beach, CA 92661 View Map $1,215,000 Ask a Question
Sq.Ft. Lot3,758
1040 W W Balboa Blvd Newport Beach, CA 92661 | MLS U12003950 Photo 1
1040 W W Balboa Blvd Newport Beach, CA 92661 | MLS U12003950 Map
Tim Carr

Tim Carr

(949) 230-8454
DRE No.: 01017277

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Status: Sold
Property Type:Residential Income (Multi-Family)
MLS #:U12003950
Date Sold:12/24/2012
Lot Size:3,758 Sq. Ft.

Listing Agent/Office

Agent:Tim Carr
Office:Coldwell Banker Previews Inter
Great income opportunity! 3 Units each with own garage. Unit A has 2 bedrooms with an extra bonus room and 1 bath . The living room has a fireplace. Unit B has a large living and dining area with 2 bedrooms and 2 baths. There are washer/dryer hook ups in bath. Unit C is 2 bedrooms and one bath with vaulted ceilings and a large balcony.

Detailed Maps

Community Information

Address:1040 W W Balboa Blvd, Newport Beach, CA 92661
Area:NP - Balboa Peninsula
City:Newport Beach
Zip Code:92661


Year Built:1935
Construction Materials: Stucco, Wood Siding
Number of Buildings: 2
Total Units: 3
Roof: Asphalt
Parking Total: 3.0

Features / Amenities

Appliances: Dishwasher, Disposal
Fireplace Features: Masonry
Flooring: Carpet, Vinyl
Heating: Natural Gas, Wall Furnace

Property Features

Lot Size: 0.09 Acres / 3,758 Sq. Ft.
Directions:Newport to Balboa Blvd, on left just past 11th street.

Tax and Financial Info

Buyer Financing: Cash
Cap Rate: 3.5
Gross Income: $4,608
Gross Scheduled Income: $55,300
Net Operating Income: $45,402
Electric Expense: $292
Maintenance Expense: $300
New Taxes Expense: $2,315
Water/Sewer Expense: $976
Other Expense: $1,940
Operating Expense: $11,022



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Based on information from California Regional Multiple Listing Service, Inc. as of April 1, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.