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1003 E Balboa Blvd, Newport Beach, CA 92661
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1003 E Balboa Blvd Newport Beach, CA 92661

$7,999,000
  • 9 Beds
  • 6.75 Baths
  • 3,570 Sq.Ft.
For Sale
$7,999,000 Get Pre-Qualified
Map preview of 1003 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 1003 E Balboa Blvd Newport Beach, CA has 9 bedrooms, 6.75 bathrooms, 3,570 living square feet and 3,920 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Balboa Peninsula Oceanfront compound on the boardwalk in Newport Beach with coveted short term rental permit. The Large house features panoramic views from Dana Point to Catalina with 3 stories, an elevator, 6 bedrooms and 6 baths. The master bedroom is on the second floor and offers unobstructed ocean views. The private courtyard is a great way to enjoy the beachfront living and connects the main house to the 3 car garage. The second unit is a 2 bedroom, 1 bath located above the garage with separate access and a private balcony with an ocean view currently being rented to a long-term tenant.

Listed by Sean Stanfield | BRE #01024996 | Pacific Sotheby's Int'l Realty
Co-listed by David Biehler | BRE #01030261 | Pacific Sotheby's Int'l Realty
Last checked: 9 minutes ago | Last updated: March 17th, 2024 | Source CRMLS | DOM: 47
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Home details

Lot Sq. Ft
3,920
HOA Dues
$0/mo
Year built
1931
Garage
3 Car
Property Type:
Duplex
Status
Active
MLS#
OC24048827
City
Newport Beach
County
Orange
Time on Site
60 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 7
  • # of Baths: 7
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $346,250
  • Total Rent: $346,250
  • Pro Forma/Market Rent: $346,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $42,000
  • Total Rent: $42,000
  • Pro Forma/Market Rent: $42,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $346,250
  • Net Operating Income: $132,918
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $213,333
  • Electric: $2,500
  • Gas/Fuel: $0
  • Licenses: $250
  • New Taxes: $88,000
  • Trash: $2,500
  • Cable TV: $2,500
  • Gardener: $1,500
  • Insurance: $5,000
  • Maintenance: $20,000
  • Professional Management: $78,520
  • Water/Sewer: $2,500

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Property Details for 1003 E Balboa Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04814402
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: See Remarks
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: E. Balboa Blvd. / B St.
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Newport Beach Agent

Sale History for 1003 E Balboa Blvd

View property's historical transactions

  • March, 2024

  • Mar 11, 2024

    Date

    Active

    CRMLS: OC24048827

    $7,999,000

    Price

Tax History for 1003 E Balboa Blvd

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1003 E Balboa Blvd is listed 86.24% higher than the median list price for the city of Newport Beach which has a median list price of $4,295,000. The median price per/sqft for Newport Beach is $1,525 and this home is listed at $2240.62 per/sqft which puts the price per square foot 46.93% higher than the median price per square foot for the city of Newport Beach.

About 1003 E Balboa Blvd

Detailed summary of property

1003 E Balboa Blvd is a duplex located in Newport Beach, CA 92661 and is currently for sale. This duplex offers 9 bedrooms, 6.75 bathrooms, roughly 3,570 living square feet, and sits on an approximately 3,920 square foot lot. 1003 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on March 11, 2024. The homeowner is currently asking $7,999,000. The median priced home in Newport Beach is $4,295,000 with a median price per square foot of $1,525. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is listed 86.24% higher than the median priced home. Local competing homes currently for sale include 5112 W Jefferson Blvd, 641 N Hobart Blvd and 2041 N Vermont Ave. While the average home in Newport Beach, CA is selling in 73 days, 1003 E Balboa Blvd has a days on market of 47 days. There are currently 283 homes for sale in the Newport Beach real estate market and 213 of them are single family homes while 58 of them are condos and 12 are townhomes. For more information on this home for sale at 1003 E Balboa Blvd Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1003 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$6,750,000
Median List Price/Sq.Ft.
$2,183
Median Sold Price
$4,625,000
Median Sold Price/Sq.Ft.
$1,741
Total Inventory
47
Median Sale to List Price %
92.59%
Avg Days on Market
69
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (37.5%), Other (37.5%)

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Recently Sold Homes Near 1003 E Balboa Blvd

929 E Balboa Blvd, Newport Beach, CA 92661
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1011 E Balboa Blvd, Newport Beach, CA 92661
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919 E Balboa Blvd, Newport Beach, CA 92661
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919 E Balboa Blvd
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916 E Oceanfront, Newport Beach, CA 92661
$3,900,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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