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Off market
    • $2,342,700

    703 E Balboa Blvd, Newport Beach, CA 92661

    --beds
    --baths
    2,355sqft
    MultiFamily
    Built in 1930
    -- sqft lot
    $2,342,700 Zestimate®
    $995/sqft
    $6,609 Estimated rent

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    $6,609/mo

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    $6,609/mo

    Rent Zestimate®

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    $14,545/mo

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    $14,545/mo

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    What's special

    The subject property has a 972 square foot commercial building currently leased to the very popular Great Mex restaurant and a 1,383-square foot two-bedroom house with a three car garage and a rooftop deck. Because Great Mex is currently only paying $2,140 a month, there is significant rental upside when the lease expires in 2013. The unique setup creates the flexibility for a resident to occupy the house while collecting supplemental rental income from Great Mex, or for an investor to lease the house and take advantage of the high summer vacation rental income. The property was remodeled/rebuilt in 1975

    Facts & features

    Interior

    Interior area
    • Total interior livable area: 2,355 sqft

    Property

    Lot
    • Size: 2,565 sqft

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1930

    Community & neighborhood

    Location
    • Region: Newport Beach
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    Estimated market value
    $2,342,700

    Nearby cities