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

$2,885,000 Sold Price as of 11/22/2021
  • 3 Beds
  • 4 Baths
  • 2,480 Sq.Ft.
Sold
$2,885,000 Sold Price as of 11/22/2021 Refinance Your Mortgage

Map preview of 603 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 603 E Balboa Blvd Newport Beach, CA has 3 bedrooms, 4 bathrooms, 2,480 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: Situated in Balboa Village, just steps from the sand, this unique mixed-use property won't disappoint. The highly remodeled property encompasses three levels. Including a fully renovated garage with six car parking and retail or office space on the ground level with excellent street frontage exposure.  The second level consists of two bedrooms and two baths, both recently renovated and includes new vanities, sinks, hardware & floors. New top of the line vinyl wood plank floors throughout each level and all new HVAC units, 2 A/C units & 2 forced air heaters. The kitchen has been fully remodeled with custom cabinets by Country Cottage Co, all new built-in stainless steel appliances along with custom granite tops. The 2nd & 3rd floor features an open living area complete with a fireplace and multiple view decks consisting of new ceramic wood plank tiles that have been concrete sealed. New Mitercraft interior solid core doors, Milgard exterior doors, windows & coverings throughout. The top level boasts a generous sized, open one bedroom, remodeled bath, along with a new customized interior closet and fireplace.  Two viewing decks with stunning ocean, bay and city light views, along with a new custom natural gas fire ring and new Sun Bright outdoor flat screen TV & stereo system. All electrical upgraded with outlets & switches.  New 30 year composite roof and Elastameric exterior paint/coating. Welcome home to this one of a kind property on Balboa Peninsula.

Listed by James Knoska | BRE #01753411 | Beach Cities Real Estate
Last checked: 2 minutes ago | Last updated: March 29th, 2024 | Source CRMLS | DOM: 167

Home details

Lot Sq. Ft
2,614
HOA Dues
$0/mo
Year built
1991
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC21036781
City
Newport Beach
County
Orange
Time on Site
1173 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: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0

Property Details for 603 E Balboa Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Common Area, Inside, See Remarks
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Vinyl
  • All Bedrooms Up, Kitchen, Laundry, Living Room, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
Interior Features
  • Living Room Deck Attached, Open Floorplan
  • Levels: Three Or More
  • Window Features: Custom Covering, Double Pane Windows, Skylight(s)
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Direct Garage Access
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Bay, City Lights, Ocean, Panoramic, Water
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04812302
  • Year Built Source: Public Records
  • Architectural Style: Contemporary
  • Property is not Attached
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, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Commercial) (BPCD)
  • Directions: East Balboa Blvd and Palm Street
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Newport Beach Agent

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Sale History for 603 E Balboa Blvd

Last sold for $2,885,000 on November 22nd, 2021
  • March, 2024

  • Mar 28, 2024

    Date

    Expired

    CRMLS: 23315193

    $3,800,000

    Price

  • Sep 28, 2023

    Date

    Active

    CRMLS: 23315193

    $3,800,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 603 E Balboa Blvd, a newly-renovated, exceptional mixed-use investment property located in the heart of Newport Beach, California. This three-story building boasts a strategic combination of commercial and residential spaces, offering an exciting investment opportunity. The 560 sqft~ ground floor of this property is zoned for retail use, providing an excellent opportunity for businesses looking to establish a presence in a bustling coastal community. With generous street frontage, this space offers unparalleled visibility and access to a high-traffic area, making it an attractive prospect for entrepreneurs and retailers. The upper two floors of 603 E Balboa Blvd are zoned for residential use and offer captivating views of the beach. The property also features two viewing decks with stunning ocean, bay and city light views. Situated in a highly walkable neighborhood, just moments from top-notch dining and the iconic Balboa Pier, this property offers a distinctive opportunity for both savvy investors and ambitious entrepreneurs looking to seamlessly integrate business and residence.

  • September, 2021

  • Sep 1, 2021

    Date

    Active Under Contract

    CRMLS: OC21036781

    $2,950,000

    Price

  • Mar 6, 2021

    Date

    Active

    CRMLS: OC21036781

    $2,950,000

    Price

  • Feb 23, 2021

    Date

    Coming Soon

    CRMLS: OC21036781

    $2,950,000

    Price

  • November, 2019

  • Nov 22, 2019

    Date

    Sold

    CRMLS: NP19266267

    $2,015,000

    Price

  • Nov 20, 2019

    Date

    Pending

    CRMLS: NP19266267

    $2,198,000

    Price

  • Nov 19, 2019

    Date

    Active Under Contract

    CRMLS: NP19266267

    $2,198,000

    Price

  • Nov 16, 2019

    Date

    Active

    CRMLS: NP19266267

    $2,198,000

    Price

  • Listing provided courtesy of CRMLS

    Be a part of the revitalization of Balboa Village. A unique work/live opportunity just steps from the sand. With a loft-like vibe this contemporary mixed-use property features a ground level office or retail space with excellent street frontage exposure. Upstairs there is a spacious three bedroom duplex-style home on two levels. With two fireplaces, multiple outdoor decks, abundant light, and both ocean and bay views this dramatic space affords endless possibilities as either a fun, lock-and-leave beach getaway or full-time home directly above your work place. Just a quick walk to shops, restaurants, and the Balboa Island ferry, not to mention the bay front and ocean front, this one-of-a-kind space with a total of six car parking really checks all of the boxes. Let your imagination flourish as you contemplate the myriad uses for this impressive property in the best of locations.

  • November, 2019

  • Nov 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,015,000

    Price

  • November, 2019

  • Nov 16, 2019

    Date

    Expired

    CRMLS: NP19023840

    $2,198,000

    Price

  • Aug 8, 2019

    Date

    Price Change

    CRMLS: NP19023840

    $2,198,000

    Price

  • Jan 31, 2019

    Date

    Active

    CRMLS: NP19023840

    $2,295,000

    Price

  • Listing provided courtesy of CRMLS

    Be a part of the revitalization of Balboa Village. A unique work/live opportunity just steps from the sand. With a loft-like vibe this contemporary mixed-use property features a ground level office or retail space with excellent street frontage exposure. Upstairs there is a spacious three bedroom duplex-style home on two levels. With two fireplaces, multiple outdoor decks, abundant light, and both ocean and bay views this dramatic space affords endless possibilities as either a fun, lock-and-leave beach getaway or full-time home directly above your work place. Just a quick walk to shops, restaurants, and the Balboa Island ferry, not to mention the bay front and ocean front, this one-of-a-kind space with a total of six car parking really checks all of the boxes. Let your imagination flourish as you contemplate the myriad uses for this impressive property in the best of locations.

  • November, 2019

  • Nov 16, 2019

    Date

    Expired

    CRMLS: NP19120155

    $2,198,000

    Price

  • Aug 10, 2019

    Date

    Price Change

    CRMLS: NP19120155

    $2,198,000

    Price

  • May 22, 2019

    Date

    Active

    CRMLS: NP19120155

    $2,295,000

    Price

  • Listing provided courtesy of CRMLS

    Be a part of the revitalization of Balboa Village. A unique work/live opportunity just steps from the sand. With a loft-like vibe this contemporary mixed-use property features a ground level office or retail space with excellent street frontage exposure. Upstairs there is a spacious three bedroom duplex-style home on two levels. With two fireplaces, multiple outdoor decks, abundant light, and both ocean and bay views this dramatic space affords endless possibilities as either a fun, lock-and-leave beach getaway or full-time home directly above your work place. Just a quick walk to shops, restaurants, and the Balboa Island ferry, not to mention the bay front and ocean front, this one-of-a-kind space with a total of six car parking really checks all of the boxes. Let your imagination flourish as you contemplate the myriad uses for this impressive property in the best of locations.

  • November, 2019

  • Nov 16, 2019

    Date

    Expired

    CRMLS: NP19102532

    $2,198,000

    Price

  • Aug 8, 2019

    Date

    Price Change

    CRMLS: NP19102532

    $2,198,000

    Price

  • May 3, 2019

    Date

    Active

    CRMLS: NP19102532

    $2,295,000

    Price

  • Listing provided courtesy of CRMLS

    Be a part of the revitalization of Balboa Village. A unique work/live opportunity just steps from the sand. With a loft-like vibe this contemporary mixed-use property features a ground level office or retail space with excellent street frontage exposure. Upstairs there is a spacious three bedroom duplex-style home on two levels. With two fireplaces, multiple outdoor decks, abundant light, and both ocean and bay views this dramatic space affords endless possibilities as either a fun, lock-and-leave beach getaway or full-time home directly above your work place. Just a quick walk to shops, restaurants, and the Balboa Island ferry, not to mention the bay front and ocean front, this one-of-a-kind space with a total of six car parking really checks all of the boxes. Let your imagination flourish as you contemplate the myriad uses for this impressive property in the best of locations.

  • October, 2018

  • Oct 1, 2018

    Date

    Expired

    CRMLS: LG18150332

    $2,385,000

    Price

  • Jun 28, 2018

    Date

    Active

    CRMLS: LG18150332

    $2,385,000

    Price

  • Listing provided courtesy of CRMLS

    A one of a kind contemporary 3 bedroom, 3 bath loft style home with amazing views of the ocean, bay, Balboa Pavilion and the sparkling lights of Fashion Island across the water. Also, included in the price- your own street front retail or office space and 1078 square feet of garage space! The flexible floor plan includes two bedrooms on the main level and a huge master with soaring ceiling on the third floor, two fireplaces and expansive decks off of both levels to enjoy the panoramic vistas and ocean breezes. Interior and exterior staircases provide access to all three levels. Enjoy your own private office & work place, a beach getaway, full-time residence or an income producing property with tons of parking, just steps to the oceanfront, bay and great restaurants of Balboa. Don't miss this opportunity to own a piece of this vibrant beach lifestyle!

  • October, 2018

  • Oct 1, 2018

    Date

    Expired

    CRMLS: LG18156914

    $2,385,000

    Price

  • Jul 16, 2018

    Date

    Active

    CRMLS: LG18156914

    $2,385,000

    Price

  • Listing provided courtesy of CRMLS

    A one of a kind contemporary 3 bedroom, 3 bath loft style home with amazing views of the ocean, bay, Balboa Pavilion and the sparkling lights of Fashion Island across the water. This one of a kind live/work building includes your own street front retail or office space plus a 1078 square foot garage for 6 cars! The flexible floor plan includes two bedrooms on the main level and a huge master with soaring ceiling on the third floor, two fireplaces and expansive decks off of both levels to enjoy the panoramic vistas and ocean breezes. Interior and exterior staircases provide access to all three levels. Enjoy your own private office & work place, a beach getaway, full-time residence or an income producing property just steps to the oceanfront, bay and great restaurants of Balboa. Don't miss this opportunity to own a piece of this vibrant beach lifestyle!

  • October, 2018

  • Oct 1, 2018

    Date

    Expired

    CRMLS: LG18156951

    $2,385,000

    Price

  • Jul 16, 2018

    Date

    Active

    CRMLS: LG18156951

    $2,385,000

    Price

  • Listing provided courtesy of CRMLS

    A one of a kind contemporary 3 bedroom, 3 bath loft style home with amazing views of the ocean, bay, Balboa Pavilion and the sparkling lights of Fashion Island across the water. This one of a kind live/work building includes your own street front retail or office space plus a 1078 square foot garage for 6 cars! The flexible floor plan includes two bedrooms on the main level and a huge master with soaring ceiling on the third floor, two fireplaces and expansive decks off of both levels to enjoy the panoramic vistas and ocean breezes. Interior and exterior staircases provide access to all three levels. Enjoy your own private office & work place, a beach getaway, full-time residence or an income producing property just steps to the oceanfront, bay and great restaurants of Balboa. Don't miss this opportunity to own a piece of this vibrant beach lifestyle!

  • June, 2018

  • Jun 19, 2018

    Date

    Expired

    CRMLS: LG16712340

    $2,385,000

    Price

  • Jan 9, 2018

    Date

    Price Change

    CRMLS: LG16712340

    $2,385,000

    Price

  • Nov 30, 2017

    Date

    Price Change

    CRMLS: LG16712340

    $2,390,000

    Price

  • Oct 24, 2017

    Date

    Price Change

    CRMLS: LG16712340

    $2,395,000

    Price

  • Jun 30, 2017

    Date

    Price Change

    CRMLS: LG16712340

    $2,495,000

    Price

  • Oct 24, 2016

    Date

    Active

    CRMLS: LG16712340

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    6/18/18 Property temporarily off market. Please call Listing agent for details. DO NOT CALL SELLER

  • June, 2018

  • Jun 19, 2018

    Date

    Expired

    CRMLS: LG16707164

    $2,385,000

    Price

  • Jan 9, 2018

    Date

    Price Change

    CRMLS: LG16707164

    $2,385,000

    Price

  • Nov 30, 2017

    Date

    Price Change

    CRMLS: LG16707164

    $2,390,000

    Price

  • Oct 24, 2017

    Date

    Price Change

    CRMLS: LG16707164

    $2,395,000

    Price

  • Jun 30, 2017

    Date

    Price Change

    CRMLS: LG16707164

    $2,495,000

    Price

  • Sep 23, 2016

    Date

    Active

    CRMLS: LG16707164

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    6/18/18 Property temporarily off market. Please call Listing agent for details. DO NOT CALL SELLER

  • June, 2018

  • Jun 18, 2018

    Date

    Canceled

    CRMLS: LG17202670

    $2,385,000

    Price

  • Jan 9, 2018

    Date

    Price Change

    CRMLS: LG17202670

    $2,385,000

    Price

  • Nov 30, 2017

    Date

    Price Change

    CRMLS: LG17202670

    $2,390,000

    Price

  • Oct 24, 2017

    Date

    Price Change

    CRMLS: LG17202670

    $2,395,000

    Price

  • Sep 1, 2017

    Date

    Active

    CRMLS: LG17202670

    $2,495,000

    Price

  • Listing provided courtesy of CRMLS

    6/18/18 Property temporarily off market. Please call Listing agent for details. DO NOT CALL SELLER City permits show retail space of 560 square feet, residence 1920 sq ft and garage 1080 sq ft. Buyer to verify prior to purchase.

  • July, 2017

  • Jul 1, 2017

    Date

    Price Change

    CRMLS: LG17133480

    $2,495,000

    Price

  • Jun 19, 2017

    Date

    Active

    CRMLS: LG17133480

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    A one of a kind 3 story live/work space in the heart of Balboa, with amazing views of the ocean, bay, Balboa Pavilion and the sparkling lights across the water. This unique contemporary building features retail space and garages for 6 cars on the ground floor. Live and work just steps from restaurants, shopping, beachside activities, the Balboa Pier, the historic Newport Pavilion, and the charming Balboa Ferry. The top two floors consist of a 3 bedroom, 3 bath home with two fireplaces and indoor and outside staircases, flexible floor plan and expansive decks off of both levels to enjoy the panoramic vistas and ocean breezes. This is ideal for an owner/user- as a full time home above your business or the perfect beach getaway, just steps to all Balboa has to offer! Enjoy all of the benefits of an income producing property or your own private office & work place with lots of upside potential. Projected rent of $7000 for residence, $2200 retail/office. Just steps to all Balboa has to offer! Built in 1991, this is the first time on the market, and rare find. City permits show retail space of 560 square feet, residence 1920 sq ft and garage 1080 sq ft. Buyer to verify prior to purchase.

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Tax History for 603 E Balboa Blvd

Assessed Value (2020): $808,275
Year Land Value Improved Value Assessed Value
2020 $428,386 $379,889 $808,275

Home Value Compared to the Market

This property vs the competition

603 E Balboa Blvd sold on November 22, 2021 for 20.27% 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 $1189.52 per/sqft which puts the price per square foot 12.54% lower than the current median sale per square foot for the city of Newport Beach.

About 603 E Balboa Blvd

Detailed summary of property

603 E Balboa Blvd is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 3 bedrooms, 4 bathrooms, roughly 2,480 living square feet, and sits on an approximately 2,614 square foot lot. 603 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on February 23, 2021. The homeowner sold the property for $2,885,000. 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 20.27% lower than the current median priced home. Local homes that are currently for sale include 216 Cajon St, 283 Dolphin Way and 205 19th St. While the average home in Newport Beach, CA is selling in 73 days, 603 E Balboa Blvd has a days on market of 167 days. There are currently 283 homes for sale in the Newport Beach real estate market and 213 of them are single family homes while 58 of them are condos and 12 are townhomes. For more information on this home for sale at 603 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 603 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1914
Sq. Ft.
764
Lot Size
2,465
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Orange
Lot#
2
APN
048-123-02

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.
$2,183
Median Sold Price
$4,625,000
Median Sold Price/Sq.Ft.
$1,741
Total Inventory
47
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%)

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Related Resources to 603 E 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.