AVAILABILITY DETAILS
- Size
- 2,813 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA415992
- Notes
- Property Details
Price $1,999,000
No. Unit 0
Building Size 2,813 SF
Total Lot Size 0.06 AC
Property Type Hospitality
No. Stories 2
Building Class C
Year Built 1925
Tax ID/APN 050-043-25
Status Active
Sale Notes
A Historic Landmark "The Balboa Island Hotel" Built-in 1925, by its first owner a local Portuguese fisherman. In the early days, some of the Hollywood studios
would rent the entire hotel for the movie stars to stay in while a movie was being made. At that time it had 7 rooms upstairs and a duplex in the back. Over the
years the last owner Suzie converted the seven rooms into 4 bedrooms and 2 bathrooms on the second floor and 2 bed 2 baths on the first floor. With over 90
years of history "if walls could talk" we are looking for a new buyer with a vision for this iconic Balboa Island Hotel. Plenty of opportunities to restore the
business and make a profit. The duplex in the back was brought over the bridge and onto the Island in 1934. It currently has a Studio leased at $1150 and the 1
bedroom for $1650 a month. The Hotel is located on the same street as the Balboa Island Ferry. Walk to breakfast, lunch, or dinner "501 Park Ave" restaurant
also located across the street, and shop at the local market and deli located next to the Ferry, or cross over and spend the day at the Beach in Newport. There
is a park with basketball hoops just steps from the Hotel and a very short walk to beaches on the north bayfront and south bayfront. The Balboa Island Hotel
needs some love to bring it back to life. A wonderful opportunity for you or someone you know. Priced to sell!
Highlights
The Only Hotel on Balboa Island! Walk to the
Ferry, Bike to the Beach and a duplex in the
back of the Hotel for extra Income!!
- Uses
- Industrial
Retail
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Josh Salik, Salik Real Estate & Development