NOT LISTED FOR SALE

202 E Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood
7 Beds
5 Baths
2,800 Sq Ft
2,614 Sq Ft Lot

Last Sold March 03, 2021

Last sale price $2,200,000 $786 Per Sq Ft

9 Days on Market

Highlights

  • Open Floorplan
  • Dual Staircase
  • Living Room Balcony
  • Newport Elementary School Rated A
  • Neighborhood Views
  • Living Room

About This Home

As of March 2021

LOCATION, LOCATION, LOCATION!! This Duplex Offers an Upstairs Unit with 4 Bedrooms, 3 Bathrooms, with Updated Kitchen and Baths, New Flooring and Paint, Living Room with Fireplace and Sliding Doors to a Small Deck – Perfect for BBQs. Huge Master Bedroom with Mirrored Closet Doors, Ceiling Fan and Master Bath. The Lower Unit Features 3 Bedrooms, 2 Bathrooms, Spacious Living Room with Fireplace as well as Sliding Doors to a Front Patio, Large Master Bedroom and Bath. There’s also a 2 Car Attached Garage. This Amazing Location is just Two Houses from the Beach and 2 Short Blocks from the Ferry, Restaurants, Shops and Entertainment at the Pier.

Last Agent to Sell the Property

Gantry Wilson

Real Broker License #01412779 Listed on: 02/03/2021

Last Buyer's Agent

Geoff Luna

Redfin Corporation License #01167933

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 2,614 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Dual Staircase
  • Sliding Doors
  • Family Room with Fireplace
  • Living Room
  • Neighborhood Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 2 / 4
  • Tax Tract Number 510
  • Assessor Parcel Number 04809115

Community Details

Overview

  • 2 Units
  • Balboa Peninsula Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $479
  • Maintenance Expense $9,685
  • Professional Management Expense $6,192
  • Trash Expense $100
  • Water Sewer Expense $1,246
  • Operating Expense $20,332
  • Gross Income $96,000
  • Net Operating Income $75,688

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Professional Management Expense: 6192.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Water Sewer Expenses: 1246.00
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 04809115
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Balcony, Living Room Balcony, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Door Features: Sliding Doors
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 785.71
  • Room Type: Kitchen, Living Room, Master Bedroom

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Electric Expense: 479.00
  • Gross Income: 96000.00
  • Gross Scheduled Income: 96000.00
  • Lot Size Area: 2614.0000 Square Feet
  • Maintenance Expense: 9685.00
  • Net Operating Income: 75688.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 20332.00
  • Rent Control: No
  • Total Actual Rent: 8000.00
  • Total Expenses: 20332.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 628.00
  • Tax Lot: 2
  • Tax Tract Number: 510

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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 List to Sale Price per Sq Ft
03/03/2021 03/03/21 Sold $2,200,000 +2.3% $786 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $2,150,000 0.0% $768 / Sq Ft
08/16/2019 08/16/19 Rented $4,200 0.0% --
08/01/2019 08/01/19 Price Changed $4,200 -4.5% $2 / Sq Ft
07/01/2019 07/01/19 For Rent $4,400 +25.7% --
06/25/2019 06/25/19 Rented $3,500 0.0% --
06/01/2019 06/01/19 For Rent $3,500 -- --
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
2025 $25,126 $2,381,350 $2,164,865 $216,485
2024 $25,126 $2,334,657 $2,122,416 $212,241
2023 $24,536 $2,288,880 $2,080,800 $208,080
2022 $24,914 $2,244,000 $2,040,000 $204,000
2021 $13,969 $1,182,161 $1,039,437 $142,724
2020 $13,841 $1,170,040 $1,028,779 $141,261
2019 $13,613 $1,147,099 $1,008,607 $138,492
2018 $13,481 $1,124,607 $988,830 $135,777
2017 $13,255 $1,102,556 $969,441 $133,115
2016 $12,978 $1,080,938 $950,433 $130,505
2015 $12,892 $1,064,702 $936,157 $128,545
2014 $12,583 $1,043,846 $917,819 $126,027
Source: Public Records

Agents Affiliated with this Home

  • Gantry Wilson

    Seller's Agent in 2021

    Gantry Wilson

    Real Broker

    (714) 264-4626

    1 in this area

    88 Total Sales

    Gantry Wilson
    Section Image

  • G

    Buyer's Agent in 2021

    Geoff Luna

    Redfin Corporation

    Geoff Luna
    Section Image

  • A

    Seller's Agent in 2019

    Amy Denes

    Compass

  • T

    Seller Co-Listing Agent in 2019

    Tracy Seeber

    Balboa Realty

    (949) 378-8999

    1 in this area

    33 Total Sales

    Tracy Seeber
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21022938

California Regional Multiple Listing Service (CRMLS)

APN: 048-091-15

California Orange County Newport Beach 92661 Central Newport Beach

202 E Balboa Blvd, Newport Beach, CA

Not Listed for Sale

MultiFamily

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