$1,850,000
SOLD OCT 18, 2021

1509 W Balboa Blvd Newport Beach, CA 92663

Central Newport Beach Neighborhood
3 Beds
3 Baths
1,491 Sq Ft
2,511 Sq Ft Lot

Recently Sold

$1,241 Per Sq Ft

3% Below List Price

67 Days on Market

Highlights

  • Corner Lot
  • 1-Story Property
  • 3-minute walk to Marina Park
  • Newport Elementary School Rated A

About This Home

As of October 2021

Fantastic triplex investment opportunity located on the Balboa Peninsula, steps to the sand. Comprised of three one bedroom one bath units plus a three car garage on a corner lot. Close to world class beaches, popular restaurants and shopping. Property will be sold in "AS IS' condition.
Buyer is advised to meet with the City of Newport Beach Planning and Building Departments to discuss any future improvements and/or possible development of the property prior to submitting an offer. The property is considered a non conforming triplex on a R-2 lot. Per the City, no new single family home nor condo will be permitted to be built. SHOWING WITH ACCEPTED OFFER ONLY! Please do not disturb the residents.

Last Agent to Sell the Property

Craig Ratowsky

Compass License #00608046 Listed on: 07/25/2021

Compass

Co-Listed By

Justin Ratowsky

Compass License #02026158

Last Buyer's Agent

Felipe Alvarez

Vylla Home, Inc. License #01213601

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 2,511 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 1,491 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 24 / 15
  • Tax Tract Number 515
  • Assessor Parcel Number 04721108

Community Details

Overview

  • 3 Units
  • Balboa Peninsula Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 566333
  • Property Attached: Yes
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 04721108
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 1240.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 2511.00
  • Lot Size Acres: 0.0576

Multi Family

  • Lot Size Area: 2511.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Block: 15
  • Tax Census Tract: 628.00
  • Tax Lot: 24
  • Tax Tract Number: 515

Range of Values:

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List Price
Sold Price
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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
06/13/2025 06/13/25 For Sale $8,088,000 +337.2% $2,415 / Sq Ft
10/18/2021 10/18/21 Sold $1,850,000 +8.9% $1,241 / Sq Ft
09/22/2021 09/22/21 Price Changed $1,699,000 -10.5% $1,140 / Sq Ft
07/25/2021 07/25/21 For Sale $1,899,000 -- $1,274 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Todd

    Seller's Agent in 2025

    Mark Todd

    Compass

    (949) 514-0000

    26 Total Sales

    Mark Todd
    Section Image
  • Nicole Ritchot

    Seller Co-Listing Agent in 2025

    Nicole Ritchot

    Compass

    (949) 874-6425

    2 Total Sales

    Nicole Ritchot
    Section Image
  • Craig Ratowsky

    Seller's Agent in 2021

    Craig Ratowsky

    Compass

    (714) 318-5382

    1 in this area

    57 Total Sales

    Craig Ratowsky
    Section Image
  • Justin Ratowsky

    Seller Co-Listing Agent in 2021

    Justin Ratowsky

    Compass

    (714) 336-5682

    1 in this area

    52 Total Sales

    Justin Ratowsky
    Section Image
  • Felipe Alvarez

    Buyer's Agent in 2021

    Felipe Alvarez

    Vylla Home, Inc.

    (714) 875-3911

    1 in this area

    11 Total Sales

    Felipe Alvarez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21162497

California Regional Multiple Listing Service (CRMLS)

APN: 047-211-08

California Orange County Newport Beach 92663 Central Newport Beach

1509 W Balboa Blvd, Newport Beach, CA

This home is located at 1509 W Balboa Blvd, Newport Beach, CA 92663 and is currently priced at $1,850,000, approximately $1,240 per square foot. This property was built in 1948. 1509 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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