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PRICE $4,350,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 3,255 sqft
LOT SIZE 3,921 sqft

This way to the beach...906 E. Oceanfront is one of the few legal triplexes on the Peninsula and is conveniently located on the boardwalk across from Balboa Peninsula Park and the nearby Balboa Pier. This clean, upgraded and remodeled building includes a great unit mix of two large 3 bedroom/2 bath units and one 2 bedroom/2 bath unit. Two units have direct ocean, beach, sunset, pier and boardwalk views. The lot is an oversized 3,920 sqft (per assessor) that can offer exciting future redevelopment opportunities, buyer to verify options with the city. For the first time in the building’s history, it was effectively run as a licensed short term rental and generated nearly $200,000 in income for the year. The conservative annual pro forma income is $225,000+. Over $50,000 is already booked for the summer 2019 season. Now that this asset is stabilized and income is growing, it’s perfect for the investor looking to simply cash checks and maybe occasionally visit and stay in a premier oceanfront location. The building also features a shared interior courtyard plus a front patio abutting the boardwalk. The alleyway provides access to a huge 3 car garage with laundry area and ample storage space. All units are separately metered for gas and electric. All furniture and household goods are included in the sale.

DAYS ON MARKET 145 LAST UPDATED 7/3/2019
TRACT Balboa Peninsula (Residential) (BALP) YEAR BUILT 1971
COMMUNITY NP - Balboa Peninsula COUNTY Orange
STATUS Sold PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA NP - Balboa Peninsula
GARAGE Garage
HOA DUES 0.00
LOT 3920 sq ft
LOT DESCRIPTION No Landscaping
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
SUBDIVISION Balboa Peninsula (Residential) (BALP)
VIEW Yes
VIEW DESCRIPTION Catalina,Coastline,Ocean,Panoramic,Park/Greenbelt,Water
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Beach Access,Beach Front,Ocean Front
MORTGAGE CALCULATOR
   

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CONTACT US ABOUT 906 E OCEANFRONT
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Listing provided by : Christian Walsh, Coldwell Banker Res. Brokerage

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from CARETS as of 8/19/19 4:28 PM PDT. The information being provided by CRMLS & CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.

This IDX solution is (c) Diverse Solutions 2019.

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Logan Barker, 865 Oak Boulevard, Elk Grove, Vermont 95184
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