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

$2,750,000 Sold Price as of 06/22/2021
  • 6 Beds
  • 3 Baths
  • 2,540 Sq.Ft.
Sold
$2,750,000 Sold Price as of 06/22/2021 Refinance Your Mortgage
Map preview of 915 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 915 E Balboa Blvd Newport Beach, CA has 6 bedrooms, 3 bathrooms, 2,540 living square feet and 3,193 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 915 W Balboa Blvd is a turnkey property situated in the perfect location on the famed Balboa Peninsula. A Beautiful 3 unit apartment building ideally located just 1 house from the sand and offering the true meaning of beach living. With the ability to step outside and join in the activities or cozy up inside and enjoy a night in. All units are fully remodeled , 2 bedroom 1 bath with new kitchens and baths , crisp white finishes , generous bedrooms and private outdoor living/entertaining spaces perfect for those summer barbecues. Parking is easy with each unit having the convenience of 1 garage space inside the 3 car garage . Building amenities include outdoor showers and community laundry. This is a great opportunity for a turnkey investment with historically strong rental income. Close to Newport Harbor Yacht Club, world class beaches, shopping and dining. Legal address is 917 W Balboa / site address is 915 W Balboa-

Listed by Bernice Devries | BRE #01276952 | Kastell Real Estate Group
Last checked: 11 minutes ago | Last updated: May 27th, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
3,193
HOA Dues
$0/mo
Year built
1958
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
NP21101812
City
Newport Beach
County
Orange
Time on Site
1083 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,375
  • Total Rent: $3,375
  • Pro Forma/Market Rent: $3,475
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,475
  • Total Rent: $3,475
  • Pro Forma/Market Rent: $3,475
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $118,200
  • Net Operating Income: $118,200
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,516
  • Electric: $2,600
  • Gas/Fuel: $2,028
  • New Taxes: $26,775
  • Trash: $72
  • Insurance: $1,444
  • Water/Sewer: $888

Property Details for 915 E Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Common Area, Community, Dryer Included, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • Kitchen, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Oven, Electric Cooktop, Microwave, Refrigerator, Water Heater
Interior Features
  • Cathedral Ceiling(s), Ceiling Fan(s), Living Room Deck Attached, Open Floorplan, Stone Counters
  • Window Features: Double Pane Windows, Screens
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • 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
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Near Public Transit, No Landscaping
  • Lot Size Source: Appraiser
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 04814306
  • Year Built Source: Assessor
  • Architectural Style: Modern
  • Property is not Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Balboa peninsula between 9th and 10th
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 915 E Balboa Blvd

Last sold for $2,750,000 on June 22nd, 2021

  • June, 2021

  • Jun 22, 2021

    Date

    Sold

    CRMLS: NP21101812

    $2,750,000

    Price

  • Jun 4, 2021

    Date

    Pending

    CRMLS: NP21101812

    $2,550,000

    Price

  • May 21, 2021

    Date

    Active Under Contract

    CRMLS: NP21101812

    $2,550,000

    Price

  • May 15, 2021

    Date

    Active

    CRMLS: NP21101812

    $2,550,000

    Price

  • January, 2019

  • Jan 28, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2017

  • Mar 10, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,580,000

    Price

Show More

Tax History for 915 E Balboa Blvd

Assessed Value (2020): $1,639,908
Year Land Value Improved Value Assessed Value
2020 $1,590,711 $49,197 $1,639,908

Home Value Compared to the Market

This property vs the competition

915 E Balboa Blvd sold on June 22, 2021 for 31.08% 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 $1003.94 per/sqft which puts the price per square foot 26.18% lower than the current median sale per square foot for the city of Newport Beach.

About 915 E Balboa Blvd

Detailed summary of property

915 E Balboa Blvd is a triplex that recently sold in Newport Beach, CA 92661. This triplex offered 6 bedrooms, 3 bathrooms, roughly 2,540 living square feet, and sits on an approximately 3,193 square foot lot. 915 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on May 15, 2021. The homeowner sold the property for $2,750,000. 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 31.08% lower than the current median priced home. Local homes that are currently for sale include 734 Center St, 734 Center St and 353 Hamilton St. While the average home in Newport Beach, CA is selling in 74 days, 915 E Balboa Blvd has a days on market of 4 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 915 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 915 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1909
Sq. Ft.
1,854
Lot Size
2,294
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
7
APN
048-143-06

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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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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