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

$3,175,000 Sold Price as of 09/27/2022
  • 8 Beds
  • 5.25 Baths
  • 3,482 Sq.Ft.
Sold
$3,175,000 Sold Price as of 09/27/2022 Refinance Your Mortgage
Map preview of 901 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 901 E Balboa Blvd Newport Beach, CA has 8 bedrooms, 5.25 bathrooms, 3,482 living square feet and 3,720 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: FIRST TIME ON THE MARKET IN 45 + years. Upside potential income. This Tri-plex is located on the Balboa Peninsula with superb walkability to the Balboa Pier and local restaurants and is situated one building in from the board walk / sand. Ideal for the investor or the individual looking to live in one unit and rent out the others. Two three-bedroom 1 3/4 bathroom units with patios/balconies along with oversized fireplaces and hearths showcase the living space adding a sense of warmth while entertaining. Relaxation and entertaining is ideal on the patios /deck areas with the three bedroom units. The two upper units each have a peek-a - boo view of the water and an abundance of natural light . The upper two bedroom two bathroom is positioned over the garage area, with its own staircase providing this unit a sense of privacy. Parking is easy with remote access to ones garage space. Come feel the ocean breeze and live the beach life. 905 E. Balboa Blvd is listed for sale for 2,800,000 and can be purchased together with 901 E. Balboa Blvd or separately.

Listed by Laura Henshall | BRE #01091181 | CFG Investments
Last checked: 12 minutes ago | Last updated: October 5th, 2022 | Source CRMLS | DOM: 83

Home details

Lot Sq. Ft
3,720
HOA Dues
$0/mo
Year built
1971
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC22103785
City
Newport Beach
County
Orange
Time on Site
705 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,975
  • Total Rent: $2,975
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,975
  • Total Rent: $2,975
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $3,025
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $106,800
  • Net Operating Income: $999,999
  • Gross Operating Income: $106,800
  • # of Rented Garages: 0
  • Laundry Income: $788
  • Laundry Own/Lease: Lease
  • Other Income Description: RUBS inc for house utilities
Annual Expense Breakdown
  • Total Operating Expense: $9,999,999
  • New Taxes: $42,032
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $1,302
  • Water/Sewer: $1,147

Property Details for 901 E Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Living Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • 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
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 04814324
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: The building is located at the corner of A Street at E. Balboa Blvd.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Newport Beach Agent

Sale History for 901 E Balboa Blvd

Last sold for $3,175,000 on September 27th, 2022

  • September, 2022

  • Sep 27, 2022

    Date

    Sold

    CRMLS: OC22103785

    $3,175,000

    Price

  • May 22, 2022

    Date

    Active

    CRMLS: OC22103785

    $3,995,000

    Price

Tax History for 901 E Balboa Blvd

Assessed Value (2020): $1,788,897
Year Land Value Improved Value Assessed Value
2020 $1,610,007 $178,890 $1,788,897

Home Value Compared to the Market

This property vs the competition

901 E Balboa Blvd sold on September 27, 2022 for 33.28% higher 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 $1005.17 per/sqft which puts the price per square foot 6.32% lower than the current median sale per square foot for the city of Newport Beach.

About 901 E Balboa Blvd

Detailed summary of property

901 E Balboa Blvd is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 8 bedrooms, 5.25 bathrooms, roughly 3,482 living square feet, and sits on an approximately 3,720 square foot lot. 901 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on May 22, 2022. The homeowner sold the property for $3,175,000. 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 33.28% higher than the current median priced home. Local homes that are currently for sale include 210 Grant St, 210 Grant St and 205 Huntington St. While the average home in Newport Beach, CA is selling in 75 days, 901 E Balboa Blvd has a days on market of 83 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 901 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 901 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1971
Sq. Ft.
3,482
Lot Size
3,353
Stories
2
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
1
APN
048-143-24

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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Thinking of Selling?
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(714) 706-1823

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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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