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1209 W Balboa Blvd, Newport Beach, CA 92661
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1209 W Balboa Blvd Newport Beach, CA 92661

$3,100,000
  • 5 Beds
  • 4.5 Baths
  • 2,066 Sq.Ft.
For Sale
$3,100,000 Get Pre-Qualified
Map preview of 1209 W Balboa Blvd, Newport Beach, CA 92661

Property Overview: 1209 W Balboa Blvd Newport Beach, CA has 5 bedrooms, 4.5 bathrooms, 2,066 living square feet and 3,049 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: Rare Opportunity: Two adjacent lots near the beach are being sold separately but contingent on the buyer buying both properties at $3,100,000 each. Located near the beach in the 1st 100 block of Balboa Blvd., this unique offering at 1209 & 1213 W. Balboa Blvd. presents endless possibilities for investors and developers. The property at 1209 W. Balboa Blvd. features three spacious income apartments. The apartment homes include two 2-bedroom, 2-bath units—one upstairs and one downstairs—and a 1-bedroom, 1-bath unit located above the garages. The property also consists of a two-car garage, a one-car garage, three tandem parking spots behind the garages, and a community laundry room with a pay-per-use washer and dryer owned and serviced by an outside company. This property is being offered contingent on the sale of 1213 W. Balboa Blvd., and together, these two lots provide a range of development opportunities. You could build your dream home, construct a home with an ADU, develop condos, or reconstruct and maintain them as income-generating apartments. Don’t miss this chance to own two side-by-side beach-close lots with incredible potential. *The square footage of apartments is estimated.

Listed by Kurt Galitski | BRE #01348644 | Coldwell Banker Realty
Last checked: 13 minutes ago | Last updated: September 13th, 2024 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
3,049
HOA Dues
$0/mo
Year built
1952
Garage
3 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW24187629
City
Newport Beach
County
Orange
Time on Site
6 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,160
  • Total Rent: $3,160
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,520
  • Total Rent: $2,520
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.42%
  • Gross Rent Multiplier: 33.72
  • Gross Scheduled Income: $106,847
  • Net Operating Income: $93,554
  • Gross Operating Income: $106,847
  • Gross Spendable Income: $93,553
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $480
  • Laundry Own/Lease: Lease
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $13,294
  • Electric: $60
  • Gas/Fuel: $0
  • New Taxes: $34,100
  • Trash: $20
  • Insurance: $1,609
  • Maintenance: $1,438
  • Professional Management: $10,611
  • Water/Sewer: $60
  • Other Expenses: $1,100
  • Other Expense Description: Repairs

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Property Details for 1209 W Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
  • All Bedrooms Down, All Bedrooms Up, Kitchen
Kitchen Information
  • Has Appliances
  • Disposal, Gas Range, Water Heater
Interior Features
  • High Ceilings
  • Levels: Two
  • Window Features: Blinds
Exterior Features
Exterior Information
  • Rain Gutters
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 2-5 Units/Acre, Rectangular Lot
  • Lot Size Source: See Remarks
  • Common Interest: None
Property Information
  • Has View
  • View: Peek-A-Boo
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 04724111
  • Year Built Source: See Remarks
  • Entry Level: 2
  • Foundation Details: Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments, Sewer Assessments, Buyer to Assume, Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: South on the 55 freeway to Balboa Blvd. The property is on the ocean side of Balboa Blvd. just past Newport Elementary School.
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Gutters
View more facts & features

Local Newport Beach Agent

Sale History for 1209 W Balboa Blvd

Last sold on June 14th, 2004

  • September, 2024

  • Sep 12, 2024

    Date

    Active

    CRMLS: PW24187629

    $3,100,000

    Price

  • June, 2004

  • Jun 14, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1209 W Balboa Blvd

Assessed Value (2020): $121,691
Year Land Value Improved Value Assessed Value
2020 $79,099 $42,592 $121,691

Home Value Compared to the Market

This property vs the competition

1209 W Balboa Blvd is listed 26.19% lower than the median list price for the city of Newport Beach which has a median list price of $4,200,000. The median price per/sqft for Newport Beach is $1,512 and this home is listed at $1500.48 per/sqft which puts the price per square foot 0.76% lower than the median price per square foot for the city of Newport Beach.

About 1209 W Balboa Blvd

Detailed summary of property

1209 W Balboa Blvd is a mixed use located in Newport Beach, CA 92661 and is currently for sale. This mixed use property offers 5 bedrooms, 4.5 bathrooms, roughly 2,066 living square feet, and sits on an approximately 3,049 square foot lot. 1209 W Balboa Blvd was first listed on ArdentRealEstateGroup.com on September 12, 2024. The homeowner is currently asking $3,100,000. The median priced home in Newport Beach is $4,200,000 with a median price per square foot of $1,512. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is listed 26.19% lower than the median priced home. Local competing homes currently for sale include 1049 E 5th St, 736-744 Olive Ave and 820 Lime Ave. While the average home in Newport Beach, CA is selling in 93 days, 1209 W Balboa Blvd has a days on market of 7 days. There are currently 272 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 56 of them are condos and 15 are townhomes. For more information on this home for sale at 1209 W 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 1209 W Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1952
Sq. Ft.
2,284
Lot Size
3,371
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
22
APN
047-241-11

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
$6,975,000
Median List Price/Sq.Ft.
$2,293
Median Sold Price
$3,400,000
Median Sold Price/Sq.Ft.
$1,656
Total Inventory
38
Median Sale to List Price %
85.11%
Avg Days on Market
50
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (66.67%), Other (33.33%)

Tour This Home

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Newport Beach Agent
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(714) 706-1823

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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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