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

$2,550,000 Sold Price as of 04/15/2022
  • 4 Beds
  • 0 Baths
  • 2,000 Sq.Ft.
Sold
$2,550,000 Sold Price as of 04/15/2022 Refinance Your Mortgage
Map preview of 126 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 126 E Balboa Blvd Newport Beach, CA has 4 bedrooms, -- bathrooms, 2,000 living square feet and 2,178 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: INCREDIBLE and unique property. This triplex, on the coveted Balboa Peninsula is one block to the front beach and two blocks from the back bay. The front house has two bedrooms, 1 bathroom a fireplace and a detached indoor laundry room and storage area. There is a beautiful raised, large patio in the front of the house. 126 boasts the largest patio on the block! The Upstairs unit (126 1/2) is a one bedroom, a loft/office space, one bathroom with an in-unit laundry and a small outdoor patio with an ocean peek-a-boo view. The downstairs unit (126 1/4) is a one bedroom, one bath with a small living area and kitchen. There is laundry in the attached garage of the 126 1/4 unit. Miles of beaches, the Balboa pier, Balboa village and famous Balboa Ferry are just steps away. All units recently upgraded and have their own mini-split AC units (another rare find on the peninsula).

Listed by Scott Cohen | BRE #01952896 | Harcourts Signature Properties
Last checked: 14 minutes ago | Last updated: April 16th, 2022 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
2,178
HOA Dues
$0/mo
Year built
1912
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC22017551
City
Newport Beach
County
Orange
Time on Site
811 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,850
  • Total Rent: $3,850
  • Pro Forma/Market Rent: $4,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $8,250
  • Net Operating Income: $7,838
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $412
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $166
  • Water/Sewer: $0

Property Details for 126 E Balboa Blvd

Interior Features
Laundry Information
  • Has Laundry
  • In Garage
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 04807216
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 55 to Balboa
Neighborhood Information
  • Community Features: Biking, Curbs, Park, Watersports, Suburban
View more facts & features

Local Newport Beach Agent

Sale History for 126 E Balboa Blvd

Last sold for $2,550,000 on April 15th, 2022

  • January, 2022

  • Jan 28, 2022

    Date

    Coming Soon

    CRMLS: OC22017551

    $2,550,000

    Price

  • December, 2019

  • Dec 18, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,425,000

    Price

  • March, 2012

  • Mar 6, 2012

    Date

    Sold (Public Records)

    Public Records

    $810,000

    Price

Show More

Tax History for 126 E Balboa Blvd

Assessed Value (2020): $1,415,000
Year Land Value Improved Value Assessed Value
2020 $1,374,866 $40,134 $1,415,000

Home Value Compared to the Market

This property vs the competition

126 E Balboa Blvd sold on April 15, 2022 for 2.89% lower than the current median sold price for the city of Newport Beach which is $2,626,000. The median sold price per/sqft for Newport Beach is $1,073 and this home is sold at $1275 per/sqft which puts the price per square foot 18.83% higher than the current median sale per square foot for the city of Newport Beach.

About 126 E Balboa Blvd

Detailed summary of property

126 E Balboa Blvd is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 4 bedrooms, -- bathrooms, roughly 2,000 living square feet, and sits on an approximately 2,178 square foot lot. 126 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on January 28, 2022. The homeowner sold the property for $2,550,000. Home in Newport Beach are selling for a median price of $2,626,000 and a median price per square foot of $1,073. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 2.89% lower than the current median priced home. Local homes that are currently for sale include 150 Cecil Pl, 186 Del Mar Ave and 1022 El Camino Dr. While the average home in Newport Beach, CA is selling in 76 days, 126 E Balboa Blvd has a days on market of 25 days. There are currently 259 homes for sale in the Newport Beach real estate market and 190 of them are single family homes while 54 of them are condos and 15 are townhomes. For more information on this home for sale at 126 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 126 E Balboa Blvd

Public county record property details
Beds
2
Baths
1
Year built
1912
Sq. Ft.
685
Lot Size
2,180
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
20
APN
048-072-16

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
$6,595,000
Median List Price/Sq.Ft.
$2,243
Median Sold Price
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
46
Median Sale to List Price %
94.11%
Avg Days on Market
174
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (33.33%)

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Recently Sold Homes Near 126 E 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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