SOLD DEC 8, 2016
RENTED MAY 5, 2025
1045 W Balboa Blvd Newport Beach, CA 92661
Central Newport Beach Neighborhood
6
Beds
4
Baths
2,237
Sq Ft
3,049
Sq Ft Lot
Highlights
- Ocean View
- Property has ocean access
- No HOA
- Newport Elementary School Rated A
- Wood Flooring
- Cottage
About This Home
As of December 2016This vintage residential income property is a conforming, separately metered two-on-a-lot fourplex on the ocean side of West Balboa Boulevard, consisting of a 3 bedroom, 2 bedroom, 1 bedroom and studio apartment. Located one house off of the oceanfront, with peekaboo ocean view from the 3 bedroom. Three garages, shared washer and dryer in garage. All units are rented, and the property generates strong income.
While these are original structures from the early days of Newport Beach, they are well maintained and serviceable. The 3 and 2 bedroom units are recently renovated, and the 1 bedroom and studio are in good, operable condition.
For the discerning beach area investor, this property offers considerable income now, and the large, 3049 sq ft lot (approx; buyer to verify) offers great redevelopment potential down the road.
Last Agent to Sell the Property
Art White
White Sail Real Estate License #01905655 Listed on: 11/17/2016
Last Buyer's Agent
John-Garrett Baron
eXp Realty of California Inc License #01958532
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,249
Year Built
- Built in 1930 | Remodeled
Lot Details
- 3,049 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- Parking Available
- Rear-Facing Garage
Property Views
- Ocean
- Peek-A-Boo
Home Design
- Cottage
- Quadruplex
- Composition Roof
Interior Spaces
- 2,237 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Gas Oven
- Gas Range
- Disposal
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Property has ocean access
- Exterior Lighting
- Rain Gutters
Additional Features
- Accessible Parking
- Two Homes on a Lot
- Suburban Location
- Space Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 12
- Tax Tract Number 234
- Assessor Parcel Number 04725203
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $1,100
- Other Expense $960
- Professional Management Expense $7,910
- Water Sewer Expense $1,800
- Net Operating Income $88,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 17, 2021
Sold by
Pack Brett D
Bought by
Bdp Living Trust
Total Days on Market
3
Current Estimated Value
Purchase Details
Listed on
Mar 18, 2020
Closed on
Jun 9, 2020
Sold by
Pack Garrett E and Pack Melinda L
Bought by
Peterson Ronald Todd and Carrillo Kimberly Irma
Seller's Agent
Jon Pugh
eXp Realty of California
Buyer's Agent
Yana Beranek
Berkshire Hathaway HomeServices California Properties
Sold Price
$7,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
3.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 26, 2019
Sold by
Pack Linda D
Bought by
Pack Garrett E
Purchase Details
Closed on
Mar 25, 2019
Sold by
Pack Investment Group Llc
Bought by
Pack Garrett E and Pack Melinda L
Purchase Details
Listed on
Nov 17, 2016
Closed on
Dec 2, 2016
Sold by
Carlson Skye
Bought by
Pack Investment Group Llc
Seller's Agent
Art White
White Sail Real Estate
Buyer's Agent
John-Garrett Baron
eXp Realty of California Inc
List Price
$1,750,000
Sold Price
$1,740,000
Premium/Discount to List
-$10,000
-0.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%
Similar Home in Newport Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Primiani Stevens & Punim Pc | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | Primiani Stevens & Punim Pc | |
| Grant Deed | -- | Primiani Stevens & Punim Pc | |
| Grant Deed | $2,000,000 | Wfg National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $1,740,000 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,400,000 | New Conventional | |
| Previous Owner | $1,000,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/05/2025 05/05/25 | Rented | $9,500 | +5.6% | -- |
| 04/16/2025 04/16/25 | Under Contract | -- | -- | -- |
| 03/21/2025 03/21/25 | For Rent | $8,995 | -10.1% | -- |
| 06/01/2024 06/01/24 | Rented | $10,000 | 0.0% | -- |
| 05/17/2024 05/17/24 | Under Contract | -- | -- | -- |
| 03/11/2024 03/11/24 | Price Changed | $10,000 | -33.3% | $5 / Sq Ft |
| 02/09/2024 02/09/24 | For Rent | $15,000 | +50.0% | -- |
| 01/25/2024 01/25/24 | Rented | $10,000 | 0.0% | -- |
| 10/30/2023 10/30/23 | Under Contract | -- | -- | -- |
| 10/10/2023 10/10/23 | For Rent | $10,000 | -33.3% | -- |
| 08/07/2023 08/07/23 | Rented | $15,000 | 0.0% | -- |
| 07/21/2023 07/21/23 | Under Contract | -- | -- | -- |
| 06/01/2023 06/01/23 | Price Changed | $15,000 | -16.7% | $8 / Sq Ft |
| 04/08/2023 04/08/23 | For Rent | $18,000 | +80.0% | -- |
| 03/25/2023 03/25/23 | Rented | $10,000 | 0.0% | -- |
| 02/22/2023 02/22/23 | For Rent | $10,000 | 0.0% | -- |
| 02/22/2023 02/22/23 | Rented | $10,000 | 0.0% | -- |
| 08/15/2022 08/15/22 | For Rent | $10,000 | -44.4% | -- |
| 07/28/2022 07/28/22 | Rented | $18,000 | 0.0% | -- |
| 06/03/2022 06/03/22 | Price Changed | $18,000 | 0.0% | $9 / Sq Ft |
| 06/03/2022 06/03/22 | For Rent | $18,000 | +80.0% | -- |
| 05/06/2022 05/06/22 | Under Contract | -- | -- | -- |
| 03/25/2022 03/25/22 | For Rent | $10,000 | 0.0% | -- |
| 03/25/2022 03/25/22 | Rented | $10,000 | 0.0% | -- |
| 09/12/2021 09/12/21 | For Rent | $10,000 | +33.3% | -- |
| 05/19/2020 05/19/20 | Rented | $7,500 | 0.0% | -- |
| 05/02/2020 05/02/20 | Under Contract | -- | -- | -- |
| 03/31/2020 03/31/20 | Price Changed | $7,500 | +15.4% | $4 / Sq Ft |
| 03/18/2020 03/18/20 | For Rent | $6,500 | 0.0% | -- |
| 12/08/2016 12/08/16 | Sold | $1,740,000 | -0.6% | $778 / Sq Ft |
| 11/17/2016 11/17/16 | For Sale | $1,750,000 | -- | $782 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $18,249 | $1,670,522 | $943,012 | $727,510 |
| 2023 | $18,007 | $1,637,767 | $924,521 | $713,246 |
| 2022 | $17,654 | $1,605,654 | $906,393 | $699,261 |
| 2021 | $17,489 | $1,574,171 | $888,621 | $685,550 |
| 2019 | $21,446 | $1,931,227 | $1,724,528 | $206,699 |
| 2018 | $20,829 | $1,774,800 | $1,690,714 | $84,086 |
| 2017 | $20,492 | $1,740,000 | $1,657,562 | $82,438 |
| 2016 | $3,226 | $101,298 | $74,534 | $26,764 |
| 2015 | $3,440 | $99,777 | $73,415 | $26,362 |
| 2014 | $3,378 | $97,823 | $71,977 | $25,846 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Wiesen
Seller's Agent in 2025
Melissa Wiesen
eXp Realty of California Inc
(949) 887-6644
1 in this area
60 Total Sales
-
Jennifer Stock
Buyer's Agent in 2025
Jennifer Stock
Compass
(949) 290-0227
13 Total Sales
-
Lillian Vu
Buyer's Agent in 2024
Lillian Vu
Luxe Real Estate
(949) 484-0387
19 Total Sales
-
Tyler Van Twist
T
Buyer's Agent in 2023
Tyler Van Twist
IS Luxury of California
(949) 554-1200
6 Total Sales
-
Patrick Leeke
P
Buyer's Agent in 2023
Patrick Leeke
Coldwell Banker Realty
(949) 644-1600
6 Total Sales
-
Casey Lesher
Buyer Co-Listing Agent in 2023
Casey Lesher
Christie's International R.E. Southern California
(949) 554-1200
2 in this area
333 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP16748893
APN: 939-710-32
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.
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
Nearby Homes
- 1113 W Balboa Blvd
- 1209 W Balboa Blvd
- 1213 W Balboa Blvd
- 1245 W Balboa Blvd
- 1320 W Balboa Blvd
- 812 W Bay Ave
- 706 W Oceanfront
- 1436 W Bay Ave
- 105 Via Waziers
- 1504 W Oceanfront Unit 5
- 103 Via San Remo
- 616 W Oceanfront
- 636 Via Lido Soud
- 1510 W Oceanfront
- 111 Via San Remo
- 129 Via Waziers
- 133 Via Venezia
- 110 Via Orvieto
- 523 W Balboa Blvd
- 309 Lindo Ave