Search
315 E Balboa Blvd, Newport Beach, CA 92661
View Photos

315 E Balboa Blvd Newport Beach, CA 92661

$1,925,625 Sold Price as of 10/09/2020
  • 7 Beds
  • 4 Baths
  • 2,573 Sq.Ft.
Sold
$1,925,625 Sold Price as of 10/09/2020 Refinance Your Mortgage
Map preview of 315 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 315 E Balboa Blvd Newport Beach, CA has 7 bedrooms, 4 bathrooms, 2,573 living square feet and 2,614 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing duplex just steps to the beach - on the beach side of Balboa Blvd - near the Balboa Pier - at the prestigious Balboa Peninsula. Fully remodeled 3 years ago with the highest quality materials, this home features Milgard double pane windows and sliding glass doors, LED recessed lighting, custom maple cabinets with stunning granite countertops, stainless steel appliances, fully remodeled bathrooms with the same cabinets and countertops as the kitchen, all new flooring, fixtures and more. The downstairs unit features 3 large bedrooms and 2 bathrooms, with an open kitchen and living room featuring a central raised hearth fireplace, sliding glass door to a front patio, attached garage with 1 parking space and washer/dryer hookups. The upstairs unit features 4 bedrooms and 2 bathrooms with the master suite being HUGE with vaulted ceilings, private balcony, large en-suite bathroom with walk-in closet and large sitting area. The living room of the upstairs unit also features vaulted ceilings, central floor to ceiling fireplace, and the same high end materials of the down stairs unit. The upstairs unit features a 2nd balcony off the kitchen and 1 of the bedrooms, and uses the 2nd space of the attached garage and has a 2nd set of washer/dryer hookups so each unit has their own. Just 1 house separates you from the beach, and across the street from the Balboa Island Ferry, iconic beaches, piers, boating, restaurants, fishing, surfing, biking - it does not get any better.

Listed by Adam Brett Freilich | BRE #01499486 | Reliance Real Estate Services
Co-listed by Eric Urban | BRE #01799954 | Reliance Real Estate Services
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 167

Home details

Lot Sq. Ft
2,614
HOA Dues
$0/mo
Year built
1973
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
PW20064064
City
Newport Beach
County
Orange
Time on Site
1401 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,250
  • Total Rent: $3,250
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,050
  • Total Rent: $3,050
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: 48
  • Gross Scheduled Income: $75,600
  • Net Operating Income: $73,680
  • Gross Operating Income: $75,600
  • Vacancy Allowance: $0
  • # of Rented Garages: 2
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $1,920
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $4,726
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $1,200
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $720

Property Details for 315 E Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central, Forced Air
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Garage, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Kitchen, Living Room, Gas, Gas Starter, Wood Burning, Masonry, Raised Hearth, Two Way
Room Information
  • Flooring: Carpet, Tile
  • Center Hall, Kitchen, Living Room, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Range, Disposal, Gas Range, Microwave, Refrigerator, Water Line to Refrigerator, Self Cleaning Oven
Interior Features
  • Balcony, Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting
  • Levels: Two
  • Window Features: Blinds, Custom Covering, Double Pane Windows, Insulated Windows, Low Emissivity Windows, Screens
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: ENERGY STAR Qualified Doors, Insulated Doors, Mirror Closet Door(s), Panel Doors, Sliding Doors
Exterior Features
Exterior Information
  • Roof: Asphalt, Rolled/Hot Mop
  • Rain Gutters
  • Has Fence
  • Excellent Condition, Vinyl
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Assigned, Built-In Storage, Concrete, Driveway Level, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener
Lot Information
  • Lot Features: Level with Street, Rectangular Lot, Level, Near Public Transit, No Landscaping, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Peek-A-Boo
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04808214
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is not Attached
  • Accessibility Features: 2+ Access Exits, Entry Slope Less Than 1 Foot, No Interior Steps, Parking
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: On Balboa Blvd - you can't miss it
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Fishing, Hiking, Park, Watersports, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 315 E Balboa Blvd

Last sold for $1,925,625 on October 9th, 2020

  • October, 2020

  • Oct 12, 2020

    Date

    Sold

    CRMLS: PW20064522

    $1,925,625

    Price

  • Sep 10, 2020

    Date

    Active Under Contract

    CRMLS: PW20064522

    $1,999,000

    Price

  • Jul 4, 2020

    Date

    Active

    CRMLS: PW20064522

    $1,999,000

    Price

  • Jun 29, 2020

    Date

    Active Under Contract

    CRMLS: PW20064522

    $1,999,000

    Price

  • Mar 27, 2020

    Date

    Active

    CRMLS: PW20064522

    $1,999,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing duplex just steps to the beach - on the beach side of Balboa Blvd - near the Balboa Pier - at the prestigious Balboa Peninsula. Fully remodeled 3 years ago with the highest quality materials, this home features Milgard double pane windows and sliding glass doors, LED recessed lighting, custom maple cabinets with stunning granite countertops, stainless steel appliances, fully remodeled bathrooms with the same cabinets and countertops as the kitchen, all new flooring, fixtures and more. The downstairs unit features 3 large bedrooms and 2 bathrooms, with an open kitchen and living room featuring a central raised hearth fireplace, sliding glass door to a front patio, attached garage with 1 parking space and washer/dryer hookups. The upstairs unit features 4 bedrooms and 2 bathrooms with the master suite being HUGE with vaulted ceilings, private balcony, large en-suite bathroom with walk-in closet and large sitting area. The living room of the upstairs unit also features vaulted ceilings, central floor to ceiling fireplace, and the same high end materials of the down stairs unit. The upstairs unit features a 2nd balcony off the kitchen and 1 of the bedrooms, and uses the 2nd space of the attached garage and has a 2nd set of washer/dryer hookups so each unit has their own.Just 1 house separates you from the beach, and across the street from the Balboa Island Ferry, iconic beaches, piers, boating, restaurants, fishing, surfing, biking - it does not get any better.

  • October, 2020

  • Oct 12, 2020

    Date

    Sold

    CRMLS: PW20064064

    $1,925,625

    Price

  • Sep 10, 2020

    Date

    Active Under Contract

    CRMLS: PW20064064

    $1,999,000

    Price

  • Jul 4, 2020

    Date

    Active

    CRMLS: PW20064064

    $1,999,000

    Price

  • Jun 29, 2020

    Date

    Active Under Contract

    CRMLS: PW20064064

    $1,999,000

    Price

  • Mar 27, 2020

    Date

    Active

    CRMLS: PW20064064

    $1,999,000

    Price

Show More

Tax History for 315 E Balboa Blvd

Assessed Value (2020): $240,946
Year Land Value Improved Value Assessed Value
2020 $130,111 $110,835 $240,946

Home Value Compared to the Market

This property vs the competition

315 E Balboa Blvd sold on October 9, 2020 for 45.97% 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 $776.91 per/sqft which puts the price per square foot 42.87% lower than the current median sale per square foot for the city of Newport Beach.

About 315 E Balboa Blvd

Detailed summary of property

315 E Balboa Blvd is a duplex that recently sold in Newport Beach, CA 92661. This duplex offered 7 bedrooms, 4 bathrooms, roughly 2,573 living square feet, and sits on an approximately 2,614 square foot lot. 315 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $1,925,625. 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 45.97% lower than the current median priced home. Local homes that are currently for sale include 1544 Orchard Dr, 715 California and 1214 California St. While the average home in Newport Beach, CA is selling in 74 days, 315 E Balboa Blvd has a days on market of 167 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 315 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 315 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1973
Sq. Ft.
1,286
Lot Size
2,627
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
11
APN
048-082-14

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?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 315 E Balboa Blvd

Nearby Homes for Sale

282 E 16th St, Costa Mesa, CA 92627
$2,250,000
4 Beds
2 Baths
2000 Sq.Ft.
282 E 16th St
Costa Mesa, CA 92627
251 Costa Mesa St, Costa Mesa, CA 92627
$1,990,000
6 Beds
3 Baths
2110 Sq.Ft.
251 Costa Mesa St
Costa Mesa, CA 92627
233 Costa Mesa St, Costa Mesa, CA 92627
$2,200,000
6 Beds
3 Baths
2160 Sq.Ft.
233 Costa Mesa St
Costa Mesa, CA 92627
222 Costa Mesa St, Costa Mesa, CA 92627
$2,300,000
5 Beds
4 Baths
2941 Sq.Ft.
222 Costa Mesa St
Costa Mesa, CA 92627
222 Costa Mesa St, Costa Mesa, CA 92627
$2,300,000
5 Beds
3 Baths
2941 Sq.Ft.
222 Costa Mesa St
Costa Mesa, CA 92627
1924 Maple Ave, Costa Mesa, CA 92627
$2,150,000
7 Beds
6 Baths
3605 Sq.Ft.
1924 Maple Ave
Costa Mesa, CA 92627
Open Today 1pm-4pm
734 Center St, Costa Mesa, CA 92627
$2,295,000
7 Beds
5 Baths
2432 Sq.Ft.
734 Center St
Costa Mesa, CA 92627
Open Today 1pm-4pm
734 Center St, Costa Mesa, CA 92627
$2,295,000
7 Beds
5 Baths
2432 Sq.Ft.
734 Center St
Costa Mesa, CA 92627
150 Cecil Pl, Costa Mesa, CA 92627
$2,165,000
4 Beds
3 Baths
2280 Sq.Ft.
150 Cecil Pl
Costa Mesa, CA 92627
Open Today 11am-2pm
2097 Wallace Ave, Costa Mesa, CA 92627
$1,850,000
6 Beds
3 Baths
2344 Sq.Ft.
2097 Wallace Ave
Costa Mesa, CA 92627
186 Del Mar Ave, Costa Mesa, CA 92627
$2,190,000
5 Beds
3 Baths
2597 Sq.Ft.
186 Del Mar Ave
Costa Mesa, CA 92627
1554 Orchard Dr, Newport Beach, CA 92660
$1,595,000
3 Beds
2 Baths
1592 Sq.Ft.
1554 Orchard Dr
Newport Beach, CA 92660

Recently Sold Homes Near 315 E Balboa Blvd

218 E Balboa Blvd, Newport Beach, CA 92661
$2,050,000 Last Sold Price
7 Beds
4 Baths
2816 Sq.Ft.
218 E Balboa Blvd
Newport Beach, CA 92661
216 E Balboa Blvd, Newport Beach, CA 92661
$2,620,000 Last Sold Price
4 Beds
4 Baths
1610 Sq.Ft.
216 E Balboa Blvd
Newport Beach, CA 92661
308-306 E Bay Ave, Newport Beach, CA 92661
$2,280,000 Last Sold Price
3 Beds
3 Baths
1281 Sq.Ft.
308-306 E Bay Ave
Newport Beach, CA 92661
400 E Oceanfront, Newport Beach, CA 92661
$5,200,000 Last Sold Price
7 Beds
6 Baths
3166 Sq.Ft.
400 E Oceanfront
Newport Beach, CA 92661

Related Resources to 315 E Balboa Blvd

New Listings in 92661
Popular Zip Codes
Popular Cities
Other Newport Beach Resources

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.

Refi Quote