Seller's Agent in 2021
Giovanne Helou
The Oppenheim Group
(310) 866-9410
8 in this area
28 Total Sales
1609 E Balboa Blvd Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
5
Beds
4
Baths
2,756
Sq Ft
2,474
Sq Ft Lot
Highlights
- Open Floorplan
- Dual Staircase
- High Ceiling
- Newport Elementary School Rated A
- Cape Cod Architecture
- Stone Countertops
About This Home
As of December 2021Located in one of the most desirable destinations in Newport Beach, only steps from the beach and bay, 1609 E Balboa Blvd is your opportunity to own the most charming quadruplex on the Balboa Peninsula Point. Meticulously maintained and extensively upgraded last year, this truly exceptional property allows you to reap the benefits of instant and reliable income while enjoying the beach lifestyle for yourself if you so choose. Embodying the perfect coastal chic vibe with (1) two-bedroom, one-bathroom unit, a bonus studio and (3) completely remodeled one-bedroom, one-bathroom units with new wood-planked laminate flooring, custom wainscoting, crown molding, trending barn doors throughout and fireplaces make this property feel like an upscale, elegant and intimate beach retreat. In addition, the fully updated kitchens are guaranteed to impress, with new cabinetry, subway tile backsplash, white-quartz countertops and large farm sinks. Refrigerators, the gas stove/ovens, microwaves and new USB outlets top it all off, while the immaculate bathrooms will leave you feeling blissful. Stay cool and relaxed in the ocean breeze with new windows and custom shades for privacy and comfort. The building also includes an on-site laundry room with two sets of brand new front-load washers & dryers and plentiful storage for your paddleboards and bikes. Three epoxied and redone garages provide additional storage and income opportunity. The spacious and newly furnished front patio is the perfect scene for your summer barbecues and gatherings. Last but not least enjoy peace of mind with a completely new sewer line from the property to the city main, as well as new plumbing and electrical. The property has the potential to gross over $200,000 in short-term rental income.
Walking distance to the beach, bay, restaurants, boutiques, and world famous Wedge surf spot, this property offers the quintessential Newport lifestyle. The Peninsula Point is famous for its iconic festivities, including the Christmas Boat Parade, 4th of July parade and fireworks, Friday night potlucks at the private Bay Beach, the private tennis club. This is a rare chance to place your stake amongst some of the most prized and sought-after real estate in the world.
Last Agent to Sell the Property
The Oppenheim Group License #02068352 Listed on: 10/08/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949 | Remodeled
Lot Details
- 2,474 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Quadruplex
- Cape Cod Architecture
- Craftsman Architecture
- Turnkey
- Stucco
Interior Spaces
- 2,756 Sq Ft Home
- Open Floorplan
- Dual Staircase
- Built-In Features
- Crown Molding
- Wainscoting
- High Ceiling
- Ceiling Fan
- Family Room with Fireplace
- Living Room with Fireplace
- Storage
- Laundry Room
Kitchen
- Convection Oven
- Gas Range
- Microwave
- Freezer
- Dishwasher
- Stone Countertops
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Exterior Lighting
- Outdoor Grill
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 8 / J
- Tax Tract Number 518
- Assessor Parcel Number 04819108
Community Details
Overview
- No Home Owners Association
- 4 Units
- Balboa Peninsula Point Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 5 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $1,440
- Insurance Expense $2,708
- Maintenance Expense $960
- Trash Expense $255
- Water Sewer Expense $150
- New Taxes Expense $25,400
- Operating Expense $30,913
- Gross Income $136,020
- Net Operating Income $105,107
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 8, 2021
Closed on
Oct 21, 2021
Sold by
Bought by
Seller's Agent
Giovanne Helou
The Oppenheim Group
Buyer's Agent
Mike O’Neill
CB Richard Ellis, Inc.
List Price
$3,850,000
Sold Price
$3,850,000
Purchase Details
Listed on
Jul 10, 2019
Closed on
Jul 22, 2020
Sold by
Bought by
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Giovanne Helou
The Oppenheim Group
List Price
$2,195,000
Sold Price
$2,200,000
Premium/Discount to List
$5,000
0.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.72%
Purchase Details
Closed on
Sep 19, 2019
Sold by
Bought by
Purchase Details
Closed on
Sep 20, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
0.0807%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 31, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
0.0807%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 27, 1998
Sold by
Bought by
Purchase Details
Closed on
Oct 6, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,850,000 | Orange Coast Ttl Co Of Socal | ||
| -- | Ticor Title | ||
| $2,200,000 | Ticor Title | ||
| -- | Ticor Title | ||
| -- | Guardian Title Company | ||
| -- | Guardian Title Company | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,600,000 | ||
| Open | $2,450,000 | ||
| Previous Owner | $405,000 | ||
| Previous Owner | $275,000 | ||
| Previous Owner | $200,000 | ||
| Previous Owner | $180,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/20/2021 12/20/21 | Sold | $3,850,000 | 0.0% | $1,397 / Sq Ft | |
| 10/24/2021 10/24/21 | Pending | -- | -- | -- | |
| 10/08/2021 10/08/21 | For Sale | $3,850,000 | +75.0% | $1,397 / Sq Ft | |
| 07/24/2020 07/24/20 | Sold | $2,200,000 | +0.2% | $798 / Sq Ft | View Prior Sale |
| 07/06/2020 07/06/20 | For Sale | $2,195,000 | -0.2% | $796 / Sq Ft | |
| 06/30/2020 06/30/20 | Off Market | $2,200,000 | -- | -- | |
| 05/04/2020 05/04/20 | For Sale | $2,195,000 | -0.2% | $796 / Sq Ft | |
| 12/31/2019 12/31/19 | Off Market | $2,200,000 | -- | -- | |
| 11/20/2019 11/20/19 | Price Changed | $2,195,000 | -6.6% | $796 / Sq Ft | |
| 07/10/2019 07/10/19 | For Sale | $2,349,000 | -- | $852 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $43,222 | $4,085,650 | $3,501,986 | $583,664 |
| 2024 | $43,222 | $4,005,540 | $3,433,320 | $572,220 |
| 2023 | $42,808 | $3,927,000 | $3,366,000 | $561,000 |
| 2022 | $42,199 | $3,850,000 | $3,300,000 | $550,000 |
| 2021 | $25,019 | $2,200,000 | $2,100,000 | $100,000 |
| 2020 | $4,601 | $260,052 | $197,599 | $62,453 |
| 2019 | $4,559 | $254,953 | $193,724 | $61,229 |
| 2018 | $4,595 | $249,954 | $189,925 | $60,029 |
| 2017 | $4,499 | $245,053 | $186,201 | $58,852 |
| 2016 | $4,492 | $240,249 | $182,550 | $57,699 |
| 2015 | $4,525 | $236,641 | $179,808 | $56,833 |
| 2014 | $4,431 | $232,006 | $176,286 | $55,720 |
Source: Public Records
Agents Affiliated with this Home
-
Giovanne Helou
-
Lisa Helou
Seller Co-Listing Agent in 2021
Lisa Helou
The Oppenheim Group
(949) 566-3345
8 in this area
34 Total Sales
-
Mike O’Neill
Buyer's Agent in 2021
Mike O’Neill
CB Richard Ellis, Inc.
(949) 725-8500
1 in this area
56 Total Sales
-
Tim Smith
Seller's Agent in 2020
Tim Smith
Coldwell Banker Realty
(949) 478-2295
6 in this area
652 Total Sales
-
Jason Streatfeild
Seller Co-Listing Agent in 2020
Jason Streatfeild
Douglas Elliman of California
(805) 818-7653
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21223383
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
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