$6,750,000
SOLD JUN 29, 2023
4 Beds
3 Baths
1,300 Sq Ft
3,735 Sq Ft Lot

Recently Sold

$5,192 Per Sq Ft

8% Below List Price

3 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Ocean Side of Highway 1
  • Newport Elementary School Rated A
  • Detached Guest House
  • 3-minute walk to Newport Beach Playground

About This Home

As of June 2023

The sweet old days of Balboa’s yesteryear can be experienced in this single-level, 1912-built, Craftsman style oceanfront beach house with its stylish paneled interiors, spectacular ocean views and vintage character. This multi-generational home will invoke your fondest memories of days spent at the beach with the whole family: think of kids playing, swimsuits, t-shirts, bare feet, swimming, surfing, boogie boarding, bike riding, puzzles, card games, backgammon, volleyball, and endless nights filled with cousins, cook outs and "hanging out" on the beach to the wee hours. Gracing one of the Peninsula’s biggest oceanfront lots, 36’ x 102.5’, neighboring properties on similar sized parcels have been able to build to 4,500 square feet with an additional 3-car attached garage. Perfectly positioned between the two piers with sunny Southern exposure, this is the ultimate beachfront, ocean and Catalina Island view location along the Newport boardwalk. Truly one of Southern California's most fun locations, this premier lot is a once in a lifetime opportunity of ownership along a stretch of the Balboa Peninsula’s best swimming and surf beaches, with the montage of the boardwalk, great restaurants, vibrant nightlife and world-famous Fun Zone you cannot help but have fun. Opportunities abound, live in the vintage beach house “as is,” remodel, or build the house of your dreams.

Last Agent to Sell the Property

Steve High

Pacific Sotheby’s International Realty License #00936421 Listed on: 06/08/2023

Pacific Sotheby’s International Realty

Co-Listed By

Evan Corkett

Pacific Sotheby's Int'l Realty License #00468496

Last Buyer's Agent

Dawn Adelsberg

Arbor Real Estate License #01244257

Arbor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $72,838

Year Built

  • Built in 1912

Lot Details

  • 3,735 Sq Ft Lot
  • Beach Front
  • Property fronts an alley
  • Wood Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Parking Available
  • Rear-Facing Garage

Property Views

  • White Water Ocean
  • Coastline
  • Views of a pier
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Composition Roof
  • Board and Batten Siding

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Granite Countertops
  • Ceramic Countertops

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Maid or Guest Quarters
  • 3 Full Bathrooms
  • Stone Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Ocean Side of Highway 1
  • Patio

Additional Features

  • Detached Guest House
  • Wall Furnace

Community Details

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Listing and Financial Details

  • Legal Lot and Block 4 / 12
  • Tax Tract Number 234
  • Assessor Parcel Number 04724116
  • $369 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$72,838

Year Built

Built in 1912

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04724116
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1300.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Ceramic Counters, Granite Counters, Living Room Deck Attached
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: Family Kitchen, In Living Room
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 5192.31
  • Room Type: All Bedrooms Down, Guest/Maid's Quarters, Living Room
  • Bathroom Features: Bathtub, Shower In Tub, Stone Counters, Walk-In Shower
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House Detached
  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, Pier, Water, White Water
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Deck, Patio
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Board & Batten Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level
  • Lot Size Sq Ft: 3735.00
  • Lot Size Acres: 0.0857

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3735.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 628.00
  • Tax Lot: 4
  • Tax Tract Number: 234
  • TaxOtherAnnualAssessmentAmount: 369.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 1993
Sold by
Younglove Ben and Younglove Janette C
Bought by
Younglove Ben and Younglove Janette C
Total Days on Market
3
Current Estimated Value
$7,016,910
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2023 10/20/23 Rented $6,000 -14.3% --
09/08/2023 09/08/23 For Rent $7,000 0.0% --
06/29/2023 06/29/23 Sold $6,750,000 -8.5% $5,192 / Sq Ft
06/11/2023 06/11/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $7,375,000 -- $5,673 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $72,838 $6,885,000 $6,837,403 $47,597
2023 $1,843 $146,529 $127,314 $19,215
2022 $1,806 $143,656 $124,817 $18,839
2021 $1,772 $140,840 $122,370 $18,470
2020 $1,754 $139,396 $121,115 $18,281
2019 $1,723 $136,663 $118,740 $17,923
2018 $1,690 $133,984 $116,412 $17,572
2017 $1,661 $131,357 $114,129 $17,228
2016 $1,625 $128,782 $111,891 $16,891
2015 $1,607 $126,848 $110,210 $16,638
2014 $1,568 $124,364 $108,051 $16,313
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG23100410

California Regional Multiple Listing Service (CRMLS)

APN: 047-241-16