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

$1,800,000 Sold Price as of 12/31/2020
  • -- Beds
  • -- Baths
  • 2,600 Sq.Ft.
Sold
$1,800,000 Sold Price as of 12/31/2020 Refinance Your Mortgage
Map preview of 701 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 701 E Balboa Blvd Newport Beach, CA has -- bedrooms, -- bathrooms, 2,600 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: Incredible investment opportunity for an owner/user in the world famous city of Newport Beach, California!! Being 100 yards from the beach and Balboa pier and next to the Balboa fun zone in a newly gentrified area it's the best deal on the Peninsula! This mixed use 2, 500 sq ft. building is fully leased with options for long term leases and consists of a 2 bedroom 900 sq ft remodeled upstairs ocean view apartment with garage . It also has a 500 sq foot studio newly remodeled with full bath and garage access. The retail component is a newly remodeled 450 sq ft nail salon , A 250 sqft retail unit currently leased and another 200sq ft unit . The property is located at 701 E. Balboa Avenue which is surrounded by the Balboa Fun Zone, Balboa Pier, Balboa Pavilion, Catalina Flyer, Pacific Ocean and Newport Harbor all within a few hundred yards. This is an extremely rare opportunity in one of the best retail locations in Southern California!Incredible investment opportunity for an owner/user in the area.

Listed by Brett Barber | BRE #02000761 | Legend Realty & Finance Group
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 116

Home details

Lot Sq. Ft
2,614
HOA Dues
$0/mo
Year built
1907
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
OC20159091
City
Newport Beach
County
Orange
Time on Site
1381 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 701 E Balboa Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s), Whole House Fan
Heating Information
  • Has Heating
  • Wall Furnace, Space Heater
Laundry Information
  • Common Area, Community, Gas & Electric Dryer Hookup, In Garage
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Sprinkler System
Exterior Features
Exterior Information
  • Roof: Common Roof
  • Has Fence
  • Good Condition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 04813505
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Near the Balboa Pier and Balboa Fun Zone
View more facts & features

Local Newport Beach Agent

Sale History for 701 E Balboa Blvd

Last sold for $1,800,000 on December 31st, 2020

  • January, 2021

  • Jan 5, 2021

    Date

    Sold

    CRMLS: OC20159091

    $1,800,000

    Price

  • Nov 11, 2020

    Date

    Price Change

    CRMLS: OC20159091

    $2,199,000

    Price

  • Oct 20, 2020

    Date

    Price Change

    CRMLS: OC20159091

    $2,599,000

    Price

  • Sep 4, 2020

    Date

    Price Change

    CRMLS: OC20159091

    $2,199,000

    Price

  • Aug 7, 2020

    Date

    Active

    CRMLS: OC20159091

    $2,399,000

    Price

  • December, 2019

  • Dec 19, 2019

    Date

    Expired

    CRMLS: PW19223729

    $155,000

    Price

  • Sep 19, 2019

    Date

    Active

    CRMLS: PW19223729

    $155,000

    Price

  • Listing provided courtesy of CRMLS

    Condition: excellent size / dimensions: 900 Looking for the perfect location to own your very own massage/nail salon? This salon is located in a very busy location at the corner of Balboa Blvd and Washington Avenue, right across the street to Balboa Fun Zone and next to the ocean! There are 4 rooms, approximately 900 square feet. 2 rooms are equipped with foot massage reflexology and includes 6 tables. The nail room has 3 spa chairs. There’s one room that has a facial bed. Busy salon business with a lot of repeat customers and walk ins. Customer base is plenty. You can earn a good income along with great tips! This business comes with a lease paid for another 4 months. There is a five year lease offer as well.

  • April, 2014

  • Apr 15, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

Show More

Tax History for 701 E Balboa Blvd

Assessed Value (2020): $1,093,009
Year Land Value Improved Value Assessed Value
2020 $1,016,498 $76,511 $1,093,009

Home Value Compared to the Market

This property vs the competition

701 E Balboa Blvd sold on December 31, 2020 for 40.57% 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 $845.77 per/sqft which puts the price per square foot 37.81% lower than the current median sale per square foot for the city of Newport Beach.

About 701 E Balboa Blvd

Detailed summary of property

701 E Balboa Blvd is a mixed use that recently sold in Newport Beach, CA 92661. This mixed use property offered -- bedrooms, -- bathrooms, roughly 2,600 living square feet, and sits on an approximately 2,614 square foot lot. 701 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on August 7, 2020. The homeowner sold the property for $1,800,000. 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 40.57% lower than the current median priced home. Local homes that are currently for sale include 12602 Hadley St, 232 E Grand Blvd and 518 Queensland Circle. While the average home in Newport Beach, CA is selling in 73 days, 701 E Balboa Blvd has a days on market of 116 days. There are currently 293 homes for sale in the Newport Beach real estate market and 219 of them are single family homes while 63 of them are condos and 11 are townhomes. For more information on this home for sale at 701 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 701 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1907
Sq. Ft.
1,896
Lot Size
3,035
Stories
1
Type
Commercial Building, Mail Order, Show Room (Non-Auto), Commercial Whse
Pool
No
Spa
No
County
Orange
Lot#
1
APN
048-135-05

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
$6,695,000
Median List Price/Sq.Ft.
$2,144
Median Sold Price
$4,625,000
Median Sold Price/Sq.Ft.
$1,741
Total Inventory
50
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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Recently Sold Homes Near 701 E Balboa Blvd

503 E Balboa Blvd, Newport Beach, CA 92661
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503 E Balboa Blvd
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320 Marine Ave, Newport Beach, CA 92662
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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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