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1603 E Balboa Blvd, Newport Beach, CA 92661
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1603 E Balboa Blvd Newport Beach, CA 92661

$2,800,000 Sold Price as of 06/29/2021
  • 5 Beds
  • 0 Baths
  • 2,208 Sq.Ft.
Sold
$2,800,000 Sold Price as of 06/29/2021 Refinance Your Mortgage
Map preview of 1603 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 1603 E Balboa Blvd Newport Beach, CA has 5 bedrooms, -- bathrooms, 2,208 living square feet and 2,422 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Offering bay views from its outstanding location just one block from the water in Newport Beach’s prestigious Peninsula Point neighborhood, this completely remodeled four-plex presents an excellent rental history and an annual gross income of more than $116,000. Eligible for a short-term rental permit, the classic shingle-style Cape Cod building includes a trio of one-bedroom, one-bath designs; a two-bedroom, one-bath unit; and an extra studio or storage room with bathroom. Remodeled in 2012 and showcasing a freshly painted exterior, the property is home to excellent tenants and includes a 35'-wide site with a paver-finished front patio, large side yard, vinyl fencing, a white picket fence in the front yard, a rear-facing two-car garage with adjoining parking space, and a large upstairs sun deck. Noteworthy upgrades include wood-look plank flooring, designer paint, crown molding, ceiling fans, newer windows and doors, mirrored wardrobe doors, fully appointed dine-in kitchens and granite countertops. Act quickly to acquire a very rare legal non-conforming four-plex in highly sought-after Peninsula Point, a playground that is anchored by the world-famous Wedge surf spot and renowned for its mega-million-dollar ocean- and bay-front residences. Shops and restaurants are minutes away, and Balboa Island, Newport Coast, Corona del Mar and Laguna Beach are all nearby.

Listed by Christopher Parr | BRE #01272772 | Douglas Elliman Of California,
Last checked: 3 seconds ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
2,422
HOA Dues
$0/mo
Year built
1948
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
NP21110008
City
Newport Beach
County
Orange
Time on Site
1093 days

Virtual Tour

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

Property Details for 1603 E Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Common Area, In Garage
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Downstairs Bedrooms: 5
  • Downstairs Bathrooms: 5
  • Bonus Room, See Remarks
Bathroom Information
  • # of Baths (Full): 0
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 5
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • No Attached Garage
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Bay
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 04819106
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Directions: PCH to Balboa Blvd. Head to the very end of the peninsula.
Neighborhood Information
  • Community Features: Biking, Fishing, Watersports
View more facts & features

Local Newport Beach Agent

Sale History for 1603 E Balboa Blvd

Last sold for $2,800,000 on June 29th, 2021

  • June, 2021

  • Jun 29, 2021

    Date

    Sold

    CRMLS: NP21110008

    $2,800,000

    Price

  • Jun 5, 2021

    Date

    Active Under Contract

    CRMLS: NP21110008

    $2,899,000

    Price

  • May 28, 2021

    Date

    Active

    CRMLS: NP21110008

    $2,899,000

    Price

  • May 22, 2021

    Date

    Coming Soon

    CRMLS: NP21110008

    $2,899,000

    Price

  • December, 2012

  • Dec 24, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2012

  • Jun 28, 2012

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

Show More

Tax History for 1603 E Balboa Blvd

Assessed Value (2020): $1,213,215
Year Land Value Improved Value Assessed Value
2020 $1,140,422 $72,793 $1,213,215

Home Value Compared to the Market

This property vs the competition

1603 E Balboa Blvd sold on June 29, 2021 for 21.65% 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 $1312.95 per/sqft which puts the price per square foot 3.46% lower than the current median sale per square foot for the city of Newport Beach.

About 1603 E Balboa Blvd

Detailed summary of property

1603 E Balboa Blvd is a single family home that recently sold in Newport Beach, CA 92661. This house offered 5 bedrooms, -- bathrooms, roughly 2,208 living square feet, and sits on an approximately 2,422 square foot lot. 1603 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on May 22, 2021. The homeowner sold the property for $2,800,000. 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 21.65% lower than the current median priced home. Local homes that are currently for sale include 1713 W Balboa Blvd #A, 1817 W Bay Ave #3 and 2600 Newport Blvd #310. While the average home in Newport Beach, CA is selling in 73 days, 1603 E Balboa Blvd has a days on market of 5 days. There are currently 293 homes for sale in the Newport Beach real estate market and 219 of them are single family homes while 63 of them are condos and 11 are townhomes. For more information on this home for sale at 1603 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 1603 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1948
Sq. Ft.
2,208
Lot Size
2,420
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
6
APN
048-191-06

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
$6,695,000
Median List Price/Sq.Ft.
$2,144
Median Sold Price
$4,625,000
Median Sold Price/Sq.Ft.
$1,741
Total Inventory
50
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%)

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Recently Sold Homes Near 1603 E Balboa Blvd

1602 E Balboa Blvd, Newport Beach, CA 92661
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1600 E Balboa Blvd, Newport Beach, CA 92661
$2,965,000 Last Sold Price
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1600 E Balboa Blvd
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1517 E Balboa Blvd, Newport Beach, CA 92661
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1517 E Balboa Blvd
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1515 E Balboa Blvd, Newport Beach, CA 92661
$2,155,000 Last Sold Price
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1 Baths
1415 Sq.Ft.
1515 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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