NOT LISTED FOR SALE

1204 W Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood
6 Beds
4 Baths
2,615 Sq Ft
3,116 Sq Ft Lot

Last Sold September 23, 2012

Last sale price $1,185,000 $453 Per Sq Ft

100 Days on Market

Highlights

  • Wood Siding
  • No Heating
  • 4-minute walk to Newport Beach Playground
  • Newport Elementary School Rated A

About This Home

As of September 2012

The Balboa Apartments are located east of the Newport Pier, and northwest of the Balboa Pier, on Newport s famed Balboa Peninsula. The property is one block from both Newport Harbor and the Pacifi c Ocean, and is walking distance to numerous peninsula landmarks, such as the Balboa Pavilion and Island Ferry. The unit mix consists of one 1-bedroom/1-bathroom unit, one 2-bedroom/1- bathroom unit, and one 3-bedroom/2-bathroom unit. The property is well maintained, and interior upgrades include scraped ceilings, baseboards, crown molding, laminate and tile fl oors, and much more. A laundry facility, covered parking, and patios and balconies are among the additional amenities. Triplex next door may be sold as well. Please call for details.

Last Agent to Sell the Property

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 04/04/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 3,116

Home Design

  • 2,615 Sq Ft Home
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Additional Features

  • 3,116 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 04723429

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $785
  • Maintenance Expense $2,968
  • Other Expense $250
  • Trash Expense $747
  • Water Sewer Expense $746
  • New Taxes Expense $13,212
  • Gross Income $5,100
  • Net Operating Income $39,308

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.35
  • Price Per Unit: 391667
  • View: No
  • Water Sewer Expenses: 746.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 04723429
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 453.15

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 747.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 3116
  • Lot Size Sq Ft: 3116.00
  • Lot Size Acres: 0.0720

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 5100.00
  • Gross Multiplier: 19.20
  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 785.00
  • Lot Size Area: 3116.0000 Square Feet
  • Maintenance Expense: 2968.00
  • Net Operating Income: 39308.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 20056.00
  • Operating Expense Percent: 33.00
  • Other Expense: 250.00
  • Other Expense Description: Admin
  • Vacancy Allowance: 1836
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13212.00

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
09/23/2012 09/23/12 Sold $1,185,000 +0.9% $453 / Sq Ft
07/13/2012 07/13/12 Pending -- -- --
04/04/2012 04/04/12 For Sale $1,175,000 -- $449 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Damien Breaux

    Seller's Agent in 2012

    Damien Breaux

    Morgan Skenderian

    (949) 584-0503

    40 Total Sales

    Damien Breaux
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P817615

California Regional Multiple Listing Service (CRMLS)

APN: 047-234-29

California Orange County Newport Beach 92661 Central Newport Beach

1204 W Balboa Blvd, Newport Beach, CA

This home is located at 1204 W Balboa Blvd, Newport Beach, CA 92661 since 04 April 2012. This property was built in 1958. 1204 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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