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1237 W Balboa Blvd, Newport Beach, CA 92661
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1237 W Balboa Blvd Newport Beach, CA 92661

$3,800,000 Sold Price as of 02/02/2022
  • 6 Beds
  • 5 Baths
  • -- Sq.Ft.
Sold
$3,800,000 Sold Price as of 02/02/2022 Refinance Your Mortgage
Map preview of 1237 W Balboa Blvd, Newport Beach, CA 92661

Property Overview: 1237 W Balboa Blvd Newport Beach, CA has 6 bedrooms, 5 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to Newport Beach! VIEWS & INCOME- This is an investors dream! 2 units on 1 offering you stunning views, beautiful living space and a well established revenue stream. The lower floor featuring a 3 bed/2 bath unit A currently rented. The above unit B /main level features 3 bed/2.5 bath, and elevator access from the garage to each floor. Parking for 4 cars is tandem on each side. This spectacular open and bright three-story property is ready to be lived in year-round or utilized as an income property. Sewer: Sewer Connected Unit 1 Parking Spaces: 0 Unit 2 Parking Spaces: 0 Unit 3 Parking Spaces: 0 Unit 4 Parking Spaces: 0 Number of Furnished Units: 1 Frontage: Ocean/Sand

Listed by Vince Cavataio | BRE #01983824 | Berkshire Hathaway HomeService
Last checked: 15 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
--
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
210033685
City
Newport Beach
County
Orange
Time on Site
862 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 2
  • Total Rent: --
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 3
  • Total Rent: --
Unit Breakdown 3
  • # of Units: --
  • # of Beds: --
  • # of Baths: 0
  • Total Rent: --
Unit Breakdown 4
  • # of Units: --
  • # of Beds: --
  • # of Baths: 0
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 0%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 1237 W Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas, Forced Air
Kitchen Information
  • Has Appliances
  • Gas Water Heater
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Has Fence
  • Partial
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Ocean
  • Total # of Units: 2
  • Parcel Number: 04724104
Location / Neighborhood
Location Information
  • Directions: GPS CrossStreet: 13th Street
View more facts & features

Local Newport Beach Agent

Sale History for 1237 W Balboa Blvd

Last leased for $8,000 on November 30th, 2023

  • November, 2023

  • Nov 30, 2023

    Date

    Leased

    CRMLS: OC23198858

    $8,000

    Price

  • Oct 25, 2023

    Date

    Active

    CRMLS: OC23198858

    $8,500

    Price

  • Listing provided courtesy of CRMLS

    Discover your dream beach property on the Balboa Peninsula, where luxury living meets the serene beauty of the coast. This tri-level, 3-bedroom, 2.25-bath haven boasts 2065 sq ft of living space and a 2-car tandem garage for your convenience. A key feature of this home is the interior elevator, ensuring easy access to all floors. As you enter the living room, you'll be greeted by a cozy fireplace, perfect for cool evenings. Step onto one of two balconies, enjoying stunning views from either side of the property. The master bedroom offers a walk-in closet, a spacious shower, and dual sinks for your comfort. With the third-floor bonus room, use it as an office or family room to suit your lifestyle. The third floor sun deck, complete with a BBQ, beckons you to relax while taking in the breathtaking Catalina and ocean views. The outdoor space is perfect for entertaining guests and making unforgettable memories. The modern kitchen features quartz countertops and comes equipped with stainless steel appliances, including a dual oven, dishwasher, microwave, and refrigerator. This property can be partially furnished or left ready for your personal touch. This beach retreat is just steps from the sand, ensuring that the pristine shore is always within your reach. A short drive or walk takes you to the Newport Beach pier and its array of restaurants, offering you a perfect blend of tranquility and coastal city life. Don't miss the opportunity to make this your home and enjoy the beauty of beach living.

  • February, 2022

  • Feb 2, 2022

    Date

    Sold

    CRMLS: 220000425SD

    $3,800,000

    Price

  • Jan 9, 2022

    Date

    Active

    CRMLS: 220000425SD

    $3,999,999

    Price

  • Listing provided courtesy of CRMLS

    Welcome to Newport Beach! VIEWS & INCOME- This is an investors dream! 2 units on 1 offering you stunning views, beautiful living space and a well established revenue stream. The lower floor featuring a 3 bed/2 bath unit A currently rented. The above unit B /main level features 3 bed/2.5 bath, and elevator access from the garage to each floor. Parking for 4 cars is tandem on each side. This spectacular open and bright three-story property is ready to be lived in year-round or utilized as an income property. Equipment: Dryer,Garage Door Opener, Washer, Water Filtration Sewer: Sewer Connected Topography: LL Frontage: Ocean/Sand

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Tax History for 1237 W Balboa Blvd

Assessed Value (2020): $731,446
Year Land Value Improved Value Assessed Value
2020 $256,006 $475,440 $731,446

Home Value Compared to the Market

This property vs the competition

1237 W Balboa Blvd sold on February 2, 2022 for 8.11% higher than the current median sold price for the city of Newport Beach which is $3,700,000.

About 1237 W Balboa Blvd

Detailed summary of property

1237 W Balboa Blvd is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 6 bedrooms, 5 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 1237 W Balboa Blvd was first listed on ArdentRealEstateGroup.com on December 21, 2021. The homeowner sold the property for $3,800,000. 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 8.11% higher than the current median priced home. Local homes that are currently for sale include 213 41st St, 1532 Miramar Drive and 164 Walnut St. While the average home in Newport Beach, CA is selling in 74 days, 1237 W Balboa Blvd has a days on market of 9 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 1237 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 1237 W Balboa Blvd

Public county record property details
Beds
1
Baths
1
Year built
1929
Sq. Ft.
476
Lot Size
3,291
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
15
APN
047-241-04

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?

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Thinking of Selling?
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(714) 706-1823

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Recently Sold Homes Near 1237 W Balboa Blvd

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1212 W Balboa Blvd, Newport Beach, CA 92661
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1212 W Balboa Blvd
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1140 W Balboa Blvd, Newport Beach, CA 92661
$2,375,000 Last Sold Price
5 Beds
3 Baths
2250 Sq.Ft.
1140 W Balboa Blvd
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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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