$1,395,000
SOLD AUG 24, 2013

1024 W Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood
6 Beds
4 Baths
2,600 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$537 Per Sq Ft

10 Days on Market

Highlights

  • No HOA
  • Newport Elementary School Rated A
  • Forced Air Heating System

About This Home

As of August 2013

This is a great building is on the best part of the Newport Beach Peninsula... The most narrow part of the Peninsula, only one block to the Beach and one block to the Harbor... Front unit has 2 bedroom and 1 bathroom with a fireplace and 2 patios. Top unit has 3 bedroom with 2 full bathrooms with a large deck and views.... The middle unit is 1 bedroom with 1 bathroom and a private back patio... 3 Carports that you can park tandem cars in for a total of 6 spots.... Private laundry for all 3 units to share... The building is in great shape, all new travertine on the exterior walkways, patio's, and stairs.... New paint, light fixtures, gutters ect.... Long term tenants all on month to month and room to raise rents. This building is priced low to move fast.... Free and Clear, with no issues... Bring your most fussy investors and they will thank you.... The font unit is available to show...

Last Agent to Sell the Property

Kelly Gwin

Realty One Group West License #01184176 Listed on: 07/09/2013

Realty One Group West

Last Buyer's Agent

Michelle Ultimo Hall

Ultimo Properties, Inc. License #01031639

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 2,614 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Property Attached

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 04726425

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $5,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 04726425
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 536.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 900
  • Average3 Bed Area: 1000
  • Gross Income: 5900.00
  • Gross Scheduled Income: 70800.00
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2012

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2013 09/18/13 Rented $2,270 -99.8% --
09/17/2013 09/17/13 Under Contract -- -- --
08/24/2013 08/24/13 Sold $1,395,000 0.0% $537 / Sq Ft
08/23/2013 08/23/13 For Rent $2,450 0.0% --
07/19/2013 07/19/13 Pending -- -- --
07/09/2013 07/09/13 For Sale $1,395,000 -- $537 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    Kelly Gwin

    Realty One Group West

    (949) 290-7000

    12 Total Sales

    Kelly Gwin
    Section Image
  • Michelle Ultimo Hall

    Seller's Agent in 2013

    Michelle Ultimo Hall

    Ultimo Properties, Inc.

    (949) 307-0626

    3 in this area

    13 Total Sales

    Michelle Ultimo Hall
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13136182

California Regional Multiple Listing Service (CRMLS)

APN: 047-264-25

California Orange County Newport Beach 92661 Central Newport Beach

1024 W Balboa Blvd, Newport Beach, CA

This home is located at 1024 W Balboa Blvd, Newport Beach, CA 92661 and is currently priced at $1,395,000, approximately $536 per square foot. This property was built in 1964. 1024 W Balboa Blvd is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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