NOT LISTED FOR SALE

1148 W Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood
6 Beds
4 Baths
2,898 Sq Ft
3,076 Sq Ft Lot

Last Sold August 12, 2016

Last sale price $1,955,800 $675 Per Sq Ft

150 Days on Market

Highlights

  • Ocean View
  • Corner Lot
  • Skylights
  • Newport Elementary School Rated A
  • No HOA
  • 4-minute walk to Newport Beach Playground

About This Home

As of August 2016

New adjusted price!! Excellent value for a legal tri-plex just a block from the beach!!!! Well maintained and family owned for many years. Enjoy the ocean view from the upper unit master bedroom and bath. The units are as follows: 1148 W.Balboa lower front, has 2 bedrooms and 1 bath, gas fireplace with sliding glass door out to private patio. Upper unit, 1150 W. Balboa is spacious and was remodeled in 2011. Featuring two bedrooms and two full baths, with walk in closets. Remodel included new flooring, new appliances and a new stainless refrigerator. Light and bright interior, living room has plantation shutter window coverings. Large fireplace and built-ins in living room, leading out to a large private deck. Lower back unit, 1150.5 W. Balboa is a two bedroom one bath in good condition, kitchen is newer and well kept. Parking is 3 carports with some extra storage for each unit.

Last Agent to Sell the Property

Tracy Seeber

Balboa Realty License #00954837 Listed on: 02/21/2016

Co-Listed By

Joan Trout

Compass License #00578819

Last Buyer's Agent

Maryam Amiri

Redfin License #01804754

Redfin

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 3,076 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Brick Fence
  • Corner Lot

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,898 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Skylights
  • Awning
  • Plantation Shutters
  • Window Screens

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Car Garage
  • 3 Attached Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 13
  • Tax Tract Number 234
  • Assessor Parcel Number 04726324

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Water Sewer Expense $1,400
  • Gross Income $6,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Water Sewer Expenses: 1400.00
  • Property Type: Residential Income
  • Parcel Number: 04726324
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 674.88
  • Window Features: Plantation Shutters, Screens, Skylight(s)

Exterior Features

  • Exterior Features: Awning(s)
  • View: Ocean, Peek-A-Boo
  • Fencing: Brick
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Attached Carport, Built-In Storage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3076.00
  • Price Per Lot Square Foot: 635.83
  • Lot Size Acres: 0.0710

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 6900.00
  • Gross Scheduled Income: 82800.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 3076.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Rent Control: No
  • Total Actual Rent: 6900.00

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 234

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 List to Sale Price per Sq Ft
08/12/2016 08/12/16 Sold $1,955,800 -11.1% $675 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
02/21/2016 02/21/16 For Sale $2,200,000 -- $759 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tracy Seeber

    Balboa Realty

    (949) 378-8999

    1 in this area

    33 Total Sales

    Tracy Seeber
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Joan Trout

    Compass

    (949) 293-4631

    12 Total Sales

    Joan Trout
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16036696

California Regional Multiple Listing Service (CRMLS)

APN: 047-263-24

California Orange County Newport Beach 92661 Central Newport Beach

1148 W Balboa Blvd, Newport Beach, CA

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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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