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

$2,600,000 Sold Price as of 08/28/2020
  • 9 Beds
  • 6 Baths
  • 4,074 Sq.Ft.
Sold
$2,600,000 Sold Price as of 08/28/2020 Refinance Your Mortgage
Map preview of 929 W Balboa Blvd, Newport Beach, CA 92661

Property Overview: 929 W Balboa Blvd Newport Beach, CA has 9 bedrooms, 6 bathrooms, 4,074 living square feet and 3,049 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Opportunity awaits! Located one house off of the boardwalk, this massive three story OCEAN VIEW TRIPLEX is a great investment opportunity. Built to maximize the allowed building parameters of the early 1970s, this towering, steps-to-sand property boasts 9 bedrooms, 6 bathrooms and approximately 4,000 square feet of livable space. Each of the units are 3 bedroom and 2 baths, with 1 car parking in the carport, living room fireplaces and shared laundry. The ground floor unit has a cozy patio space out front and a side patio. The upper two units have front, side and rear patios and balconies. The top floor units has vaulted ceilings and water views, and additionally there is a deck on the roof. Long term renters are currently in place, however the units are largely vintage and there is substantial room for upgrades. A fantastic opportunity for an investor either looking for stable income now, or for an exciting remodeling project.

Listed by Pamela White | BRE #00846638 | White Sail Realty
Co-listed by Art White | BRE #01905655 | White Sail Realty
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
3,049
HOA Dues
$0/mo
Year built
1971
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
NP20150999
City
Newport Beach
County
Orange
Time on Site
1365 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,250
  • Total Rent: $0
  • 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: $2,400
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,190
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $106,080
  • Net Operating Income: $0
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0

Property Details for 929 W Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Common Area, Community, See Remarks
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Vinyl
  • Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Range, Water Heater
Interior Features
  • 2 Staircases, High Ceilings, Laminate Counters
  • Levels: Three Or More
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Lighting
  • Has Fence
  • Brick
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Bay, Catalina, City Lights, Coastline, Ocean, Panoramic, Peek-A-Boo
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 04728106
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is not Attached
  • Accessibility Features: 2+ Access Exits
  • Property Condition: Fixer, Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: PCH to West Balboa Blvd
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 929 W Balboa Blvd

Last sold for $2,600,000 on August 28th, 2020

  • August, 2020

  • Aug 28, 2020

    Date

    Sold

    CRMLS: NP20150999

    $2,600,000

    Price

  • Aug 18, 2020

    Date

    Active Under Contract

    CRMLS: NP20150999

    $2,750,000

    Price

  • Aug 1, 2020

    Date

    Active

    CRMLS: NP20150999

    $2,750,000

    Price

  • Jul 30, 2020

    Date

    Coming Soon

    CRMLS: NP20150999

    $2,750,000

    Price

  • August, 1993

  • Aug 27, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 929 W Balboa Blvd

Assessed Value (2020): $292,202
Year Land Value Improved Value Assessed Value
2020 $137,335 $154,867 $292,202

Home Value Compared to the Market

This property vs the competition

929 W Balboa Blvd sold on August 28, 2020 for 4.72% 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 $675.01 per/sqft which puts the price per square foot 37.09% lower than the current median sale per square foot for the city of Newport Beach.

About 929 W Balboa Blvd

Detailed summary of property

929 W Balboa Blvd is a triplex that recently sold in Newport Beach, CA 92661. This triplex offered 9 bedrooms, 6 bathrooms, roughly 4,074 living square feet, and sits on an approximately 3,049 square foot lot. 929 W Balboa Blvd was first listed on ArdentRealEstateGroup.com on July 30, 2020. The homeowner sold the property for $2,600,000. 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 4.72% higher than the current median priced home. Local homes that are currently for sale include 734 Center St, 353 Hamilton St and 150 Cecil Pl. While the average home in Newport Beach, CA is selling in 75 days, 929 W Balboa Blvd has a days on market of 15 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 929 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 929 W Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1971
Sq. Ft.
4,074
Lot Size
3,069
Stories
3
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
18
APN
047-281-06

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
$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%)

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Recently Sold Homes Near 929 W Balboa Blvd

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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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