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

$2,350,000 Sold Price as of 01/03/2024
  • 6 Beds
  • 3.5 Baths
  • 2,500 Sq.Ft.
Sold
$2,350,000 Sold Price as of 01/03/2024 Refinance Your Mortgage
Map preview of 421 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 421 E Balboa Blvd Newport Beach, CA has 6 bedrooms, 3.5 bathrooms, 2,500 living square feet and 3,049 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Outstanding investment opportunity in the "Balboa Fun Zone" BTV. Each unit boasts 3 beds and 1 3/4 baths with 1250 room sqft BTV. Upstairs unit has been remodeled with open kitchen and vaulted ceilings. Both units show well and are ready for owner user or tenants. 3 car attached garage in a parking starved community!!! Seller has conducted a pre-sale general inspection which is included in MLS supplements. Top unit is rented on a month to month basis, bottom unit is currently being used for showing purposes. Single water meter, which owner pays. Separate electric and gas meters, which are paid for by tenant. Buyer is advised to check with city for the opportunity to add a 3rd level to this 2 story structure for potential views and additional income. Property is being sold as-is in it's present condition.

Listed by Gary Kooba | BRE #00578697 | Vista Sotheby’s International Realty
Last checked: 13 minutes ago | Last updated: January 4th, 2024 | Source CRMLS | DOM: 132

Home details

Lot Sq. Ft
3,049
HOA Dues
$0/mo
Year built
1972
Garage
3 Car
Property Type:
Duplex
Status
Sold
MLS#
SB23130417
City
Newport Beach
County
Orange
Time on Site
283 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,550
  • Total Rent: $3,550
  • Pro Forma/Market Rent: $7,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $3,550
  • Net Operating Income: $3,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $550
  • Trash: $100
  • Insurance: $2,000
  • Water/Sewer: $200

Property Details for 421 E Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Levels: Two
  • Window Features: Screens
Exterior Features
Exterior Information
  • Roof: Composition
  • Rain Gutters
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04812120
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is not Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected
Assessment Information
  • Assessments: None, Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Newport Blvd then South on Balboa Blvd
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Fishing, Watersports, Sidewalks, Suburban
View more facts & features

Local Newport Beach Agent

Sale History for 421 E Balboa Blvd

Last sold for $2,350,000 on January 3rd, 2024

  • January, 2024

  • Jan 3, 2024

    Date

    Sold

    CRMLS: SB23130417

    $2,350,000

    Price

  • Jul 17, 2023

    Date

    Active

    CRMLS: SB23130417

    $2,599,000

    Price

  • May, 2019

  • May 26, 2019

    Date

    Leased

    CRMLS: NP19041683

    $3,495

    Price

  • Apr 24, 2019

    Date

    Price Change

    CRMLS: NP19041683

    $3,495

    Price

  • Feb 23, 2019

    Date

    Active

    CRMLS: NP19041683

    $3,600

    Price

  • Listing provided courtesy of CRMLS

    Enjoy this perfectly located beach house year round! One house away from the beach and Balboa Municipal Lot, which is perfect for entertaining guests. Also, just blocks to Newport Elementary, Balboa Island Ferry, Fun Zone and local restaurants. Unfurnished, new carpet and paint, 3 bedroom, 1.75 bath approximately 1,250 sqft house which includes a 1 car garage with washer dryer hook ups. No smoking or pets please.

  • June, 2004

  • Jun 7, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 421 E Balboa Blvd

Assessed Value (2020): $562,142
Year Land Value Improved Value Assessed Value
2020 $365,392 $196,750 $562,142

Home Value Compared to the Market

This property vs the competition

421 E Balboa Blvd sold on January 3, 2024 for 2.89% 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 $1020 per/sqft which puts the price per square foot 4.94% lower than the current median sale per square foot for the city of Newport Beach.

About 421 E Balboa Blvd

Detailed summary of property

421 E Balboa Blvd is a duplex that recently sold in Newport Beach, CA 92661. This duplex offered 6 bedrooms, 3.5 bathrooms, roughly 2,500 living square feet, and sits on an approximately 3,049 square foot lot. 421 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on July 17, 2023. The homeowner sold the property for $2,350,000. 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 2.89% lower than the current median priced home. Local homes that are currently for sale include 734 Center St, 353 Hamilton St and 150 Cecil Pl. While the average home in Newport Beach, CA is selling in 75 days, 421 E Balboa Blvd has a days on market of 132 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 421 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 421 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1972
Sq. Ft.
2,532
Lot Size
2,446
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
9
APN
048-121-20

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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