Seller's Agent in 2024
Carl Wuestehube
Tri-Star Realty
(714) 791-6026
1 in this area
362 Total Sales
204 E Balboa Blvd Newport Beach, CA 92661
Central Newport Beach Neighborhood
6
Beds
4
Baths
2,058
Sq Ft
2,705
Sq Ft Lot
Highlights
- Laundry Room
- Newport Elementary School Rated A
- Level Lot
About This Home
As of July 2024Reduced for quick Sale! Location, Location, Location! ! Steps to Beach & Bay! WITH TRANSFERRABLE SHORT-TERM RENTAL PERMIT. Don't miss this rare opportunity to own a turn-key, high-demand, short-term rental business and.vacation home, ideally located at center of the Balboa Peninsula, steps to one of the best beaches in Southern California and beautiful Balboa Bay! Use this duplex for two short-term rental units for high revenue and profit. Or live in one and rent the other for income! There’s a bonus studio apartment with a separate entrance for extra living space. Nestled between the harbor and the coast, a short walk to Main Street, the Balboa Pier and Fun Zone, and only one block to the famous Balboa Peninsula Beach and boardwalk, it’s the perfect stay for short- or long-term. This property has averaged $150K in gross revenue annually for the last three years, not including the bonus studio apartment used for family and friends. Looking for a great business? Your calendar is constantly filled with high-quality short-term renters and consistently positive reviews. Looking for retirement lifestyle? You’ll be steps away from restaurants, shops, services, the Balboa Island Ferry, and the “beach life” you dream of. The three-bedroom, two-bath apartment with a recently updated bathroom upstairs includes indoor and outdoor front and back porches. Downstairs is a two-bedroom, one-bath with a recently updated kitchen and bathroom. Both apartments have new (2023) split-system HVAC (an essential feature for short-term rentals). The studio has a separate side entrance. A two-car garage and a carport give three spaces for off-street parking. The surrounding streets have ample unmetered street parking when needed for additional guests.
Last Agent to Sell the Property
Tri-Star Realty Brokerage Phone: 714-791-6026 License #00634943 Listed on: 06/10/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979
Lot Details
- 2,705 Sq Ft Lot
- 1 Common Wall
- Level Lot
Parking
- 2 Car Garage
- 1 Carport Space
Home Design
- Duplex
Interior Spaces
- 2,058 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Listing and Financial Details
- Legal Lot and Block 3 / 4
- Tax Tract Number 510
- Assessor Parcel Number 04809114
- $528 per year additional tax assessments
Community Details
Overview
- 3 Units
- Balboa Peninsula Subdivision
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $5,000
- Insurance Expense $1,200
- Other Expense $22,000
- Trash Expense $100
- Water Sewer Expense $100
- Gross Income $150,000
- Net Operating Income $150,000
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2024 07/17/24 | Sold | $2,655,000 | -5.2% | $1,290 / Sq Ft |
| 06/28/2024 06/28/24 | Pending | -- | -- | -- |
| 06/26/2024 06/26/24 | Price Changed | $2,800,888 | -6.3% | $1,361 / Sq Ft |
| 06/10/2024 06/10/24 | For Sale | $2,988,000 | +148.7% | $1,452 / Sq Ft |
| 07/31/2014 07/31/14 | Sold | $1,201,250 | -7.2% | -- |
| 04/30/2014 04/30/14 | Pending | -- | -- | -- |
| 02/11/2014 02/11/14 | For Sale | $1,295,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Carl Wuestehube
-
Jodi DiTolla
Buyer's Agent in 2024
Jodi DiTolla
DiTolla Real Estate
(949) 228-7263
7 in this area
17 Total Sales
-
Rob Norquist
R
Seller's Agent in 2014
Rob Norquist
Compass
(949) 466-5115
1 Total Sale
-
NoEmail NoEmail
N
Buyer's Agent in 2014
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
5,609 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24117477
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
Nearby Homes
- 218 E Oceanfront
- 114 E Oceanfront
- 310 E Oceanfront
- 315 E Bay Ave
- 318 Coronado St
- 207 E Edgewater Ave Unit A
- 207 E Edgewater Ave
- 402 E Oceanfront
- 310 Fernando St Unit 410
- 310 Fernando St Unit 303
- 506 W Oceanfront
- 506 W Oceanfront Unit 2
- 502 W Balboa Blvd
- 417 E Balboa Blvd
- 523 W Balboa Blvd
- 505 W Edgewater Ave
- 309 Lindo Ave
- 616 W Oceanfront
- 600 E Oceanfront Unit 1D
- 600 E Oceanfront Unit 1A