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

$2,620,000 Sold Price as of 03/31/2022
  • 4 Beds
  • 4 Baths
  • 1,610 Sq.Ft.
Sold
$2,620,000 Sold Price as of 03/31/2022 Refinance Your Mortgage
Map preview of 216 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 216 E Balboa Blvd Newport Beach, CA has 4 bedrooms, 4 bathrooms, 1,610 living square feet and 2,361 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: RARE FIND CHARMING (4) UNITS, Prime Location on the Center of Balboa Peninsula. This Well Maintained Unique Income Property Walking Distance to Beach, Bay and Most of the Amenities. Fully Occupied with Much Upside of Rent. Super easy to Rent. Sold "as is" for ease of Transaction. All Units feature One Bed Room and One Full Bath with Skylights (Except for unit A). Laminated Wood Floor and Double Panel Windows Throughout. All the Units are in Good Condition with Updated Plumbing and Electrical. This is an Excellent Income Property with Great Appreciation in Value. For Short Term Rental or Future Development, Please check and Verify with the City and Local Authority.

Listed by Jennifer Chow | BRE #00929968 | Napoli R.E. & Property Mgt.
Last checked: 3 minutes ago | Last updated: April 1st, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
2,361
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW22031544
City
Newport Beach
County
Orange
Time on Site
800 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,945
  • Total Rent: $1,945
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $99,960
  • Net Operating Income: $0
  • Gross Operating Income: --
  • Laundry Income: $800
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $480
  • Gas/Fuel: $660
  • Trash: $0
  • Gardener: $840
  • Insurance: $1,095
  • Water/Sewer: $1,250

Property Details for 216 E Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • Common Area, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 04809120
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Balboa and Coronado
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Newport Beach Agent

Sale History for 216 E Balboa Blvd

Last sold for $2,620,000 on March 31st, 2022

  • March, 2022

  • Mar 31, 2022

    Date

    Sold

    CRMLS: PW22031544

    $2,620,000

    Price

  • Feb 17, 2022

    Date

    Active

    CRMLS: PW22031544

    $2,650,000

    Price

  • May, 2020

  • May 20, 2020

    Date

    Canceled

    CRMLS: PW20013893

    $2,099,900

    Price

  • Mar 30, 2020

    Date

    Active

    CRMLS: PW20013893

    $2,099,900

    Price

  • Mar 23, 2020

    Date

    Hold

    CRMLS: PW20013893

    $2,099,900

    Price

  • Jan 21, 2020

    Date

    Price Change

    CRMLS: PW20013893

    $2,099,900

    Price

  • Jan 21, 2020

    Date

    Active

    CRMLS: PW20013893

    $2,099,889

    Price

  • Listing provided courtesy of CRMLS

    RARE FIND CHARMING NONCONFORMING (4) UNITS. Great Location at the center of Balboa Peninsula. This Well Maintained Unique Property Is Near Most of the Amenities. Steps to Beach and Bay. Very Easy to Rent. Fully Occupied. All Units Has One Bed Room One Bath with Skylights (except unit A). Laminated Wood Floor and Double Panel Windows throughout. All Four Units are Identical. All the Units are in Good Condition with Updated Kitchen and Flooring. (4) Gas Ranges and (4) Refrigerators also Included. Sold "as is" for Ease of Transaction. This is an Excellent Income Property with Great Appreciation in Value. For Short Term Rental and Future Development Please Check and Verify with the City and Local Authority.

  • November, 1993

  • Nov 16, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 216 E Balboa Blvd

Assessed Value (2020): $595,328
Year Land Value Improved Value Assessed Value
2020 $565,562 $29,766 $595,328

Home Value Compared to the Market

This property vs the competition

216 E Balboa Blvd sold on March 31, 2022 for 0.91% higher 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 $1645.96 per/sqft which puts the price per square foot 53.4% higher than the current median sale per square foot for the city of Newport Beach.

About 216 E Balboa Blvd

Detailed summary of property

216 E Balboa Blvd is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 1,610 living square feet, and sits on an approximately 2,361 square foot lot. 216 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on February 17, 2022. The homeowner sold the property for $2,620,000. 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 0.91% higher than the current median priced home. Local homes that are currently for sale include 353 Hamilton St, 150 Cecil Pl and 186 Del Mar Ave. While the average home in Newport Beach, CA is selling in 75 days, 216 E Balboa Blvd has a days on market of 16 days. There are currently 260 homes for sale in the Newport Beach real estate market and 192 of them are single family homes while 54 of them are condos and 14 are townhomes. For more information on this home for sale at 216 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 216 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1926
Sq. Ft.
1,610
Lot Size
2,361
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
9
APN
048-091-20

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
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
47
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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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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