3705 W Balboa Blvd, Newport Beach, CA 92663
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3705 W Balboa Blvd Newport Beach, CA 92663

$2,000,000 Sold Price as of 08/06/2021
  • 4 Beds
  • 4 Baths
  • 1,945 Sq.Ft.
Sold
$2,000,000 Sold Price as of 08/06/2021 Refinance Your Mortgage

Map preview of 3705 W Balboa Blvd, Newport Beach, CA 92663

Property Overview: 3705 W Balboa Blvd Newport Beach, CA has 4 bedrooms, 4 bathrooms, 1,945 living square feet and 2,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Longtime family owned duplex within one block of the beach... 3705 is incredibly appealing due to the vicinity of the Pacific Ocean… the quality of the interiors and the ease of coming and going… The lower unit is approximately 676 sq ft, 1 bedroom / 2 bath with inside laundry in a soft Tuscan influence coupled with street side patio looking towards the park (approx 200+ sq ft)... The upper unit is quite substantial (approximately 1,268 sq ft) … super high ceilings grace the open concept… kitchen looking out to the living room (with fireplace) … looking out to balcony deck (approx 160+ sq ft)... looking out to the palm trees and the park beyond. This unit has a more traditional / slightly modern décor with 3 bedrooms / 2 baths and inside laundry. Now add to the mix a FOUR (4) tandem car garage (approximately 665 sq ft) … YEP!!! Total sq ft of the property is approximately 1945… Lot size is 2249 sq ft (25 x 90). Add all these ingredients together… cozy lower unit, substantial upper unit, 4 car garage, Pacific Ocean in your midst (as well as your block), lovely park across the street… near all that Newport has to offer… 3705 easily fits the bill for investors, owner-user or the next beach compound for generations to come…

Listed by Elizabeth Thamer | BRE #01169245 | Villa Real Estate
Co-listed by Jon Flagg | BRE #01316048 | Villa Real Estate
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
2,250
HOA Dues
$0/mo
Year built
1948
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP21123709
City
Newport Beach
County
Orange
Time on Site
1022 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: 1
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $63,600
  • Net Operating Income: $42,600
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $21,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,000
  • Insurance: $3,000
  • Water/Sewer: $2,000

Property Details for 3705 W Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Inside, See Remarks
Fireplace Information
  • Has Fireplace
  • Living Room, Gas
Room Information
  • Great Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Oven, Gas Range
Interior Features
  • Balcony, Cathedral Ceiling(s), Ceiling Fan(s), Living Room Balcony, Living Room Deck Attached
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage, Garage - Two Door, Garage Door Opener
Lot Information
  • Lot Features: Level with Street, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Park/Greenbelt
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 42332306
  • Year Built Source: Assessor
  • Architectural Style: Cottage
  • Foundation Details: Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
Location / Neighborhood
Location Information
  • Subdivision Name: West Newport Beach (WSNB)
  • Directions: PCH to Balboa Blvd.... 3705 is between 37th and 38th street on the ocean side of Balboa Blvd.
  • Road Frontage Type: Alley
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Newport Beach Agent

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Sale History for 3705 W Balboa Blvd

Last sold for $2,000,000 on August 6th, 2021
  • August, 2021

  • Aug 9, 2021

    Date

    Sold

    CRMLS: NP21123709

    $2,000,000

    Price

  • Jul 29, 2021

    Date

    Pending

    CRMLS: NP21123709

    $1,999,000

    Price

  • Jul 13, 2021

    Date

    Active Under Contract

    CRMLS: NP21123709

    $1,999,000

    Price

  • Jun 10, 2021

    Date

    Active

    CRMLS: NP21123709

    $1,999,000

    Price

  • October, 2010

  • Oct 26, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3705 W Balboa Blvd

Assessed Value (2020): $622,663
Year Land Value Improved Value Assessed Value
2020 $466,997 $155,666 $622,663

Home Value Compared to the Market

This property vs the competition

3705 W Balboa Blvd sold on August 6, 2021 for 23.12% lower than the current median sold price for the city of Newport Beach which is $2,600,000. The median sold price per/sqft for Newport Beach is $1,282 and this home is sold at $1027.76 per/sqft which puts the price per square foot 19.83% lower than the current median sale per square foot for the city of Newport Beach.

About 3705 W Balboa Blvd

Detailed summary of property

3705 W Balboa Blvd is a multi family that recently sold in Newport Beach, CA 92663. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 1,945 living square feet, and sits on an approximately 2,250 square foot lot. 3705 W Balboa Blvd was first listed on ArdentRealEstateGroup.com on June 10, 2021. The homeowner sold the property for $2,000,000. Home in Newport Beach are selling for a median price of $2,600,000 and a median price per square foot of $1,282. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 23.12% lower than the current median priced home. Local homes that are currently for sale include 1913 Alabama St, 728 Clay Ave and 490 Traverse Dr. While the average home in Newport Beach, CA is selling in 78 days, 3705 W Balboa Blvd has a days on market of 32 days. There are currently 243 homes for sale in the Newport Beach real estate market and 193 of them are single family homes while 41 of them are condos and 9 are townhomes. For more information on this home for sale at 3705 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 3705 W Balboa Blvd

Public county record property details
Beds
2
Baths
1
Year built
1948
Sq. Ft.
646
Lot Size
2,114
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
18
APN
423-323-06

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
$2,560,000
Median Sold Price/Sq.Ft.
$1,290
Total Inventory
80
Median Sale to List Price %
98.46%
Avg Days on Market
46
Loan Type
Conventional (30.77%), FHA (0%), VA (0%), Cash (53.85%), Other (15.38%)

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Related Resources to 3705 W Balboa Blvd

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.