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514 W Balboa Blvd, Newport Beach, CA 92661
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514 W Balboa Blvd Newport Beach, CA 92661

$2,393,000 Sold Price as of 03/03/2022
  • 3 Beds
  • 4 Baths
  • 2,364 Sq.Ft.
Sold
$2,393,000 Sold Price as of 03/03/2022 Refinance Your Mortgage
Map preview of 514 W Balboa Blvd, Newport Beach, CA 92661

Property Overview: 514 W Balboa Blvd Newport Beach, CA has 3 bedrooms, 4 bathrooms, 2,364 living square feet and 2,178 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Magnificent mix use building in prime Newport Beach peninsula. Only steps to the beach and bay in a most coveted neighborhood. First commercial level is a fully renovated restaurant with permitted patio leased at $4,500 until June 2023. Can also be modified into two NNN rentals. There is also three separate one car garages for each tenant. Second residential level consists of two furnished units rented month to month, 2 bedroom one bath at $3,600 (was rented for $3200) and a one bedroom one bath at $2,600 per month. Third level consists of a very large shared rooftop deck with some beach and city views.

Listed by Jonathan Minerick | BRE #01523060 | Homecoin.com
Last checked: 14 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 169

Home details

Lot Sq. Ft
2,178
HOA Dues
$0/mo
Year built
1960
Garage
4 Car
Property Type:
Mixed Use
Status
Sold
MLS#
TR21197650
City
Newport Beach
County
Orange
Time on Site
961 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $132,000
  • Net Operating Income: $129,500
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,200
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $5,500
  • Water/Sewer: $350

Property Details for 514 W Balboa Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Garage, Washer Hookup
Room Information
  • All Bedrooms Up
Interior Features
  • In-Law Floorplan, Beamed Ceilings, Block Walls
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Common Roof
  • Barbecue Private
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: Assigned, Garage - Three Door
Lot Information
  • Lot Features: Rectangular Lot, Park Nearby
  • Lot Size Source: Seller
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: City Lights, Ocean, Peek-A-Boo
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 04807110
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Commercial) (BPCD)
  • Directions: 55 to Newport Bl to Balboa Bl
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
Neighborhood Information
  • Community Features: Biking, Dog Park, Fishing, Hiking, Park, Watersports, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 514 W Balboa Blvd

Last sold for $2,393,000 on March 3rd, 2022

  • September, 2021

  • Sep 9, 2021

    Date

    Active

    CRMLS: TR21197650

    $2,395,000

    Price

  • August, 2020

  • Aug 6, 2020

    Date

    Sold

    CRMLS: OC20075829

    $90,000

    Price

  • Apr 24, 2020

    Date

    Pending

    CRMLS: OC20075829

    $90,000

    Price

  • Apr 19, 2020

    Date

    Active

    CRMLS: OC20075829

    $90,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity for restaurant.

  • November, 2019

  • Nov 23, 2019

    Date

    Expired

    CRMLS: 19500934

    $2,395,000

    Price

  • Aug 21, 2019

    Date

    Active

    CRMLS: 19500934

    $2,395,000

    Price

  • Listing provided courtesy of CRMLS

    MAGNIFICENT MIX USE BUILDING in prime Newport Beach peninsula. Only steps to the beach and bay in a most coveted neighborhood yet has year round tourists and attractions. FIRST LEVEL is a fully remodeled restaurant with permitted patio and two bathrooms. Currently leased until June 2021 however tenants would be interested in renewing the term. Can also be split into two NNN units. SECOND LEVEL is two very spacious mid century residential units, 2 bed 1 bath & 1 bed 1 bath. Each have its own outside area and great sunlight.THIRD LEVEL is a very large rooftop deck with views.

  • September, 2018

  • Sep 24, 2018

    Date

    Canceled

    CRMLS: OC17221592

    $2,295,000

    Price

  • Sep 26, 2017

    Date

    Active

    CRMLS: OC17221592

    $2,295,000

    Price

  • Listing provided courtesy of CRMLS

    Rarely available multi use building on the Newport Beach peninsula only one block to the beach between the funzone and pier. Includes a rewly renovated restaurant with patio and three car garage on the ground floor. Upstairs are two spacious newly updated apartment units, 2bd/1ba & 1bd/1ba. Rooftop deck with ocean and Corona Del Mar views.

  • April, 2015

  • Apr 15, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,165,000

    Price

Show More

Tax History for 514 W Balboa Blvd

Assessed Value (2020): $1,252,628
Year Land Value Improved Value Assessed Value
2020 $1,039,681 $212,947 $1,252,628

Home Value Compared to the Market

This property vs the competition

514 W Balboa Blvd sold on March 3, 2022 for 4.84% 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 $1057.11 per/sqft which puts the price per square foot 1.48% lower than the current median sale per square foot for the city of Newport Beach.

About 514 W Balboa Blvd

Detailed summary of property

514 W Balboa Blvd is a mixed use that recently sold in Newport Beach, CA 92661. This mixed use property offered 3 bedrooms, 4 bathrooms, roughly 2,364 living square feet, and sits on an approximately 2,178 square foot lot. 514 W Balboa Blvd was first listed on ArdentRealEstateGroup.com on September 9, 2021. The homeowner sold the property for $2,393,000. 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 4.84% lower than the current median priced home. Local homes that are currently for sale include 1756 Pacific Ave, 1151 Daisy Ave and 914 N Loma Vista Dr. While the average home in Newport Beach, CA is selling in 75 days, 514 W Balboa Blvd has a days on market of 169 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 514 W 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 514 W Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
2,364
Lot Size
2,069
Stories
2
Type
Retail/Residential (Mixed Use)
Pool
No
Spa
No
County
Orange
Lot#
15
APN
048-071-10

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%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 514 W Balboa Blvd

502 W Balboa Blvd, Newport Beach, CA 92661
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1613 W Balboa Blvd, Newport Beach, CA 92663
$2,300,000 Last Sold Price
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4 Baths
2436 Sq.Ft.
1613 W 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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