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

$1,590,000 Sold Price as of 06/04/2019
  • 0 Beds
  • 4 Baths
  • 1,272 Sq.Ft.
Sold
$1,590,000 Sold Price as of 06/04/2019 Refinance Your Mortgage
Map preview of 719 W Balboa Blvd, Newport Beach, CA 92661

Property Overview: 719 W Balboa Blvd Newport Beach, CA has -- bedrooms, 4 bathrooms, 1,272 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: Location, Location, Location. Excellent opportunity to own this amazing 4 unit Balboa Blvd building just 1 house away from sand and across from the famous brand new Newport Harbor Yacht Club and Bay. This is an amazing chance to own an income generating investment or buy to rebuilt your dream beach home with AMAZING UNOBSTRUCTED FULL BAY VIEW AND PARTIAL OCEAN VIEW. 4 studio units each equipped with full kitchen and full bath and ocean and bay view from some of the units and great monthly income. Property has recently been fully inspected and it's in overall good shape with no need of any major repairs. 3 Units are sold fully furnished. Don't lose this great opportunity!

Listed by Nick Binesh | BRE #01708370 | Binesh Realty Group
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 204

Home details

Lot Sq. Ft
2,178
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC18241995
City
Newport Beach
County
Orange
Time on Site
1381 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,900
  • Total Rent: $22,800
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $22,800
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,850
  • Total Rent: $22,200
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $2,200
  • Total Rent: $26,400
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $94,200
  • Net Operating Income: $71,568
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $22,632
  • Electric: $600
  • Gas/Fuel: $720
  • New Taxes: $17,832
  • Trash: $360
  • Insurance: $1,200
  • Water/Sewer: $600
  • Other Expenses: $1,320
  • Other Expense Description: Internet

Property Details for 719 W Balboa Blvd

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Asphalt
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Off Street
Lot Information
  • Lot Features: Near Public Transit, No Landscaping
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Bay, Ocean, Peek-A-Boo
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 04802322
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Balboa Blvd. Between 8th & 7th
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Newport Beach Agent

Sale History for 719 W Balboa Blvd

Last sold for $1,590,000 on June 4th, 2019

  • June, 2019

  • Jun 6, 2019

    Date

    Sold

    CRMLS: OC18241995

    $1,590,000

    Price

  • May 17, 2019

    Date

    Pending

    CRMLS: OC18241995

    $1,630,000

    Price

  • Apr 30, 2019

    Date

    Active Under Contract

    CRMLS: OC18241995

    $1,630,000

    Price

  • Mar 4, 2019

    Date

    Price Change

    CRMLS: OC18241995

    $1,630,000

    Price

  • Feb 6, 2019

    Date

    Active

    CRMLS: OC18241995

    $1,635,000

    Price

  • Jan 31, 2019

    Date

    Active Under Contract

    CRMLS: OC18241995

    $1,635,000

    Price

  • Jan 9, 2019

    Date

    Price Change

    CRMLS: OC18241995

    $1,635,000

    Price

  • Dec 20, 2018

    Date

    Price Change

    CRMLS: OC18241995

    $1,640,000

    Price

  • Nov 15, 2018

    Date

    Price Change

    CRMLS: OC18241995

    $1,645,000

    Price

  • Oct 5, 2018

    Date

    Active

    CRMLS: OC18241995

    $1,650,000

    Price

  • June, 2019

  • Jun 4, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,590,000

    Price

  • December, 2018

  • Dec 28, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2018

  • Jun 1, 2018

    Date

    Expired

    CRMLS: OC18009932

    $1,750,000

    Price

  • May 11, 2018

    Date

    Price Change

    CRMLS: OC18009932

    $1,750,000

    Price

  • Apr 6, 2018

    Date

    Price Change

    CRMLS: OC18009932

    $1,775,000

    Price

  • Mar 25, 2018

    Date

    Price Change

    CRMLS: OC18009932

    $1,799,000

    Price

  • Jan 16, 2018

    Date

    Active

    CRMLS: OC18009932

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent opportunity to own this amazing 4 unit Balboa Blvd building just 1 house away from sand and across from the famous Newport Harbor Yacht Club. This is an amazing chance to own an income generating investment or buy to rebuilt your dream beach home. Each studio unit has its own kitchen and full bath and ocean and bay view from some of the units and great monthly income. Property is in good shape with no need of any immediate upgrades. There are potentials to remove the back fence and create a 2 car parking space and on site laundry which will improve the rental income. Don't lose this fantastic opportunity!

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Tax History for 719 W Balboa Blvd

Assessed Value (2020): $1,515,184
Year Land Value Improved Value Assessed Value
2020 $1,484,880 $30,304 $1,515,184

Home Value Compared to the Market

This property vs the competition

719 W Balboa Blvd sold on June 4, 2019 for 55.95% 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 $1281.45 per/sqft which puts the price per square foot 5.78% lower than the current median sale per square foot for the city of Newport Beach.

About 719 W Balboa Blvd

Detailed summary of property

719 W Balboa Blvd is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered -- bedrooms, 4 bathrooms, roughly 1,272 living square feet, and sits on an approximately 2,178 square foot lot. 719 W Balboa Blvd was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,590,000. 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 55.95% lower than the current median priced home. Local homes that are currently for sale include 17061 Whitby Cir, 4981 Pearce Dr and 7161 Main St. While the average home in Newport Beach, CA is selling in 74 days, 719 W Balboa Blvd has a days on market of 204 days. There are currently 269 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 55 of them are condos and 13 are townhomes. For more information on this home for sale at 719 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 719 W Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1929
Sq. Ft.
1,272
Lot Size
2,225
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
12
APN
048-023-22

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
$4,625,000
Median Sold Price/Sq.Ft.
$1,741
Total Inventory
45
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%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 719 W Balboa Blvd

203 8th St, Newport Beach, CA 92661
$3,650,000 Last Sold Price
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3 Baths
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620 W Balboa Blvd, Newport Beach, CA 92661
$2,400,000 Last Sold Price
4 Beds
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620 W Balboa Blvd
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913 W Balboa Blvd, Newport Beach, CA 92661
$3,700,000 Last Sold Price
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6 Baths
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913 W Balboa Blvd
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521 W Bay Ave, Newport Beach, CA 92661
$2,300,000 Last Sold Price
7 Beds
4 Baths
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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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