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1509 W Balboa Blvd, Newport Beach, CA 92663
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1509 W Balboa Blvd Newport Beach, CA 92663

$1,850,000 Sold Price as of 10/18/2021
  • 3 Beds
  • 3 Baths
  • 1,491 Sq.Ft.
Sold
$1,850,000 Sold Price as of 10/18/2021 Refinance Your Mortgage
Map preview of 1509 W Balboa Blvd, Newport Beach, CA 92663

Property Overview: 1509 W Balboa Blvd Newport Beach, CA has 3 bedrooms, 3 bathrooms, 1,491 living square feet and 2,511 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fantastic triplex investment opportunity located on the Balboa Peninsula, steps to the sand. Comprised of three one bedroom one bath units plus a three car garage on a corner lot. Close to world class beaches, popular restaurants and shopping. Property will be sold in "AS IS' condition. Buyer is advised to meet with the City of Newport Beach Planning and Building Departments to discuss any future improvements and/or possible development of the property prior to submitting an offer. The property is considered a non conforming triplex on a R-2 lot. Per the City, no new single family home nor condo will be permitted to be built. SHOWING WITH ACCEPTED OFFER ONLY! Please do not disturb the residents.

Listed by Craig Ratowsky | BRE #00608046 | Compass
Co-listed by Justin Ratowsky | BRE #02026158 | Compass
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 67

Home details

Lot Sq. Ft
2,511
HOA Dues
$0/mo
Year built
1948
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
OC21162497
City
Newport Beach
County
Orange
Time on Site
1003 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1509 W Balboa Blvd

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
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: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 04721108
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Balboa Blvd and 15th Street
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 1509 W Balboa Blvd

Last sold for $1,850,000 on October 18th, 2021

  • September, 2021

  • Sep 1, 2021

    Date

    Active Under Contract

    CRMLS: OC21162497

    $1,899,000

    Price

  • Aug 18, 2021

    Date

    Active

    CRMLS: OC21162497

    $1,899,000

    Price

  • Aug 12, 2021

    Date

    Active Under Contract

    CRMLS: OC21162497

    $1,899,000

    Price

  • Jul 25, 2021

    Date

    Active

    CRMLS: OC21162497

    $1,899,000

    Price

  • February, 2014

  • Feb 25, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1509 W Balboa Blvd

Assessed Value (2020): $172,586
Year Land Value Improved Value Assessed Value
2020 $124,262 $48,324 $172,586

Home Value Compared to the Market

This property vs the competition

1509 W Balboa Blvd sold on October 18, 2021 for 35.3% 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 $1139.5 per/sqft which puts the price per square foot 6.2% higher than the current median sale per square foot for the city of Newport Beach.

About 1509 W Balboa Blvd

Detailed summary of property

1509 W Balboa Blvd is a triplex that recently sold in Newport Beach, CA 92663. This triplex offered 3 bedrooms, 3 bathrooms, roughly 1,491 living square feet, and sits on an approximately 2,511 square foot lot. 1509 W Balboa Blvd was first listed on ArdentRealEstateGroup.com on July 25, 2021. The homeowner sold the property for $1,850,000. 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 35.3% lower than the current median priced home. Local homes that are currently for sale include 189 Lower Cliff Dr, 357 Mermaid St and 357 Mermaid St. While the average home in Newport Beach, CA is selling in 76 days, 1509 W Balboa Blvd has a days on market of 67 days. There are currently 264 homes for sale in the Newport Beach real estate market and 198 of them are single family homes while 53 of them are condos and 13 are townhomes. For more information on this home for sale at 1509 W Balboa Blvd Newport Beach, CA 92663 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1509 W Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
1,680
Lot Size
2,511
Stories
2
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
24
APN
047-211-08

The source for these homes facts are from public records.

92663 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,395,000
Median List Price/Sq.Ft.
$1,546
Median Sold Price
$1,730,000
Median Sold Price/Sq.Ft.
$979
Total Inventory
86
Median Sale to List Price %
100.87%
Avg Days on Market
34
Loan Type
Conventional (23.08%), FHA (0%), VA (0%), Cash (30.77%), Other (46.15%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 1509 W Balboa Blvd

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1615 W Balboa Blvd, Newport Beach, CA 92663
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915 W Balboa, Newport Beach, CA 92661
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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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