Search
109 E Balboa Blvd, Newport Beach, CA 92661
Image 2 for 109 E Balboa Blvd, Newport Beach, CA 92661
Image 3 for 109 E Balboa Blvd, Newport Beach, CA 92661
View Photos

109 E Balboa Blvd Newport Beach, CA 92661

$2,900,000 Sold Price as of 11/19/2021
  • 6 Beds
  • 3 Baths
  • 2,816 Sq.Ft.
Sold
$2,900,000 Sold Price as of 11/19/2021 Refinance Your Mortgage
Map preview of 109 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 109 E Balboa Blvd Newport Beach, CA has 6 bedrooms, 3 bathrooms, 2,816 living square feet and 2,139 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Opportunity awaits! Located one house off the boardwalk, this three story TRIPLEX is a great investment opportunity. Designed and built by Svend Nielsen, known for SoCal landmarks such as Discovery Cube and The Forum. Each unit has 2 bedrooms, 1 bath and in unit laundry. All three units have private outdoor space and there are 2 spaces for parking in the carport. A separate, private shower room is located on the ground floor. The carport area includes a custom built bike locker, along with locked storage areas. Equipped with a Tesla solar panel system and a 30 year roof that was replaced in 2016. The automated blinds, thermostats, home and security system can be controlled by the smart home hub. Long term renters are currently in place with stable income and room to increase rents. Don’t miss this fantastic opportunity for an investor either looking for solid income now or for an exciting remodel project.

Listed by Baylee Leavitt | BRE #02098105 | White Sail Realty
Last checked: 17 minutes ago | Last updated: November 24th, 2023 | Source CRMLS | DOM: 86

Home details

Lot Sq. Ft
2,139
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
NP21175359
City
Newport Beach
County
Orange
Time on Site
997 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $4,100
  • Total Rent: $4,100
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 109 E Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Electric Oven, Gas Oven, Refrigerator
Interior Features
  • Balcony, Ceiling Fan(s)
  • Levels: Three Or More
  • Window Features: Blinds
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Door Features: Mirror Closet Door(s), Sliding Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Features: 2-5 Units/Acre, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Catalina, Peek-A-Boo
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 04807422
  • Year Built Source: Public Records
  • Architectural Style: Modern
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: E. Balboa Blvd to 109 E Balboa Blvd
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Biking, Fishing, Watersports, Sidewalks
View more facts & features

Local Newport Beach Agent

Sale History for 109 E Balboa Blvd

Last sold for $2,900,000 on November 19th, 2021

  • November, 2023

  • Nov 24, 2023

    Date

    Expired

    CRMLS: WS23068348

    $3,280,000

    Price

  • Apr 24, 2023

    Date

    Active

    CRMLS: WS23068348

    $3,280,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity awaits for you. The three story Triplex is located just one house off the boardwalk and a few blocks from the heart of Balboa Village and the Fun Zone. This Triplex was designed and built by Svend Nielsen, who was known for SoCAL landmarks such as Discovery Cube and the Forum (according to prior listing agent’s description). It features three units with 2 bedrooms, 1 bathroom and in unit laundry. The 2nd and 3rd floor units have ocean peek-a-boo view. All units have private outdoor space and balcony, 2 car carport parking. A private shower room is located on the ground floor. The roof was replaced in 2016, a Tesla solar system was installed and the automated blinds, thermostats, security system can be remotely controlled by the smart home hub. Property has been well managed by the local real estate company. Long term renters are in place with stable income and the room to increase rents in the future.

  • November, 2021

  • Nov 20, 2021

    Date

    Sold

    CRMLS: NP21175359

    $2,900,000

    Price

  • Nov 6, 2021

    Date

    Active Under Contract

    CRMLS: NP21175359

    $3,500,000

    Price

  • Oct 15, 2021

    Date

    Active

    CRMLS: NP21175359

    $3,500,000

    Price

  • Sep 30, 2021

    Date

    Active

    CRMLS: NP21175359

    $3,500,000

    Price

  • Aug 9, 2021

    Date

    Active

    CRMLS: NP21175359

    $3,500,000

    Price

  • December, 2013

  • Dec 19, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,395,000

    Price

  • March, 1993

  • Mar 10, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 109 E Balboa Blvd

Assessed Value (2020): $1,524,017
Year Land Value Improved Value Assessed Value
2020 $1,432,576 $91,441 $1,524,017

Home Value Compared to the Market

This property vs the competition

109 E Balboa Blvd sold on November 19, 2021 for 10.81% lower than the current median sold price for the city of Newport Beach which is $3,700,000. The median sold price per/sqft for Newport Beach is $1,360 and this home is sold at $1171.88 per/sqft which puts the price per square foot 13.83% lower than the current median sale per square foot for the city of Newport Beach.

About 109 E Balboa Blvd

Detailed summary of property

109 E Balboa Blvd is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,816 living square feet, and sits on an approximately 2,139 square foot lot. 109 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on August 9, 2021. The homeowner sold the property for $2,900,000. Home in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 10.81% lower than the current median priced home. Local homes that are currently for sale include 218 Indianapolis Ave, 216 Cajon St and 216 Cajon St. While the average home in Newport Beach, CA is selling in 74 days, 109 E Balboa Blvd has a days on market of 86 days. There are currently 269 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 55 of them are condos and 13 are townhomes. For more information on this home for sale at 109 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 109 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1959
Sq. Ft.
2,816
Lot Size
2,139
Stories
3
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
9
APN
048-074-22

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.
$2,241
Median Sold Price
$4,625,000
Median Sold Price/Sq.Ft.
$1,741
Total Inventory
45
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%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 109 E Balboa Blvd

Nearby Homes for Sale

Open Sun 1pm-4pm
124 Pearl Ave, Newport Beach, CA 92662
$3,280,000
4 Beds
1 Baths
2060 Sq.Ft.
124 Pearl Ave
Newport Beach, CA 92662
Open Sun 1pm-4pm
124 Pearl Ave, Newport Beach, CA 92662
$3,280,000
4 Beds
3 Baths
2060 Sq.Ft.
124 Pearl Ave
Newport Beach, CA 92662
1913 Court St, Newport Beach, CA 92663
$3,250,000
4 Beds
3 Baths
2376 Sq.Ft.
1913 Court St
Newport Beach, CA 92663
280 E 16th St., Costa Mesa, CA 92627
$2,550,000
6 Beds
4 Baths
3134 Sq.Ft.
280 E 16th St.
Costa Mesa, CA 92627
210 41st St, Newport Beach, CA 92663
$2,595,000
5 Beds
5 Baths
2691 Sq.Ft.
210 41st St
Newport Beach, CA 92663
208 41st St, Newport Beach, CA 92663
$2,595,000
5 Beds
5 Baths
2691 Sq.Ft.
208 41st St
Newport Beach, CA 92663
121 45th St, Newport Beach, CA 92663
$2,999,000
5 Beds
4 Baths
2325 Sq.Ft.
121 45th St
Newport Beach, CA 92663
246 Walnut St, Costa Mesa, CA 92627
$2,349,000
5 Beds
3 Baths
2277 Sq.Ft.
246 Walnut St
Costa Mesa, CA 92627
164 Walnut St, Costa Mesa, CA 92627
$3,400,000
11 Beds
6 Baths
3586 Sq.Ft.
164 Walnut St
Costa Mesa, CA 92627
353 Hamilton St, Costa Mesa, CA 92627
$2,695,000
10 Beds
8 Baths
5173 Sq.Ft.
353 Hamilton St
Costa Mesa, CA 92627
205 Huntington St, Huntington Beach, CA 92648
$3,300,000
7 Beds
4 Baths
3366 Sq.Ft.
205 Huntington St
Huntington Beach, CA 92648
206 Chicago Ave, Huntington Beach, CA 92648
$2,990,000
5 Beds
5 Baths
2400 Sq.Ft.
206 Chicago Ave
Huntington Beach, CA 92648

Recently Sold Homes Near 109 E Balboa Blvd

116 E Balboa Blvd #A, Newport Beach, CA 92661
$1,925,000 Last Sold Price
5 Beds
3 Baths
1500 Sq.Ft.
116 E Balboa Blvd #A
Newport Beach, CA 92661
110 E Bay Ave, Newport Beach, CA 92661
$2,350,000 Last Sold Price
3 Beds
2 Baths
1710 Sq.Ft.
110 E Bay Ave
Newport Beach, CA 92661
307 Anade Ave, Newport Beach, CA 92661
$2,850,000 Last Sold Price
4 Beds
4 Baths
2189 Sq.Ft.
307 Anade Ave
Newport Beach, CA 92661
126 E Balboa Blvd, Newport Beach, CA 92661
$2,550,000 Last Sold Price
4 Beds
0 Baths
2000 Sq.Ft.
126 E Balboa Blvd
Newport Beach, CA 92661

Related Resources to 109 E Balboa Blvd

New Listings in 92661
Popular Zip Codes
Popular Cities
Other Newport Beach Resources

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.

Refi Quote