NOT LISTED FOR SALE

216 E Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood
4 Beds
4 Baths
1,610 Sq Ft
2,361 Sq Ft Lot

Last Sold March 31, 2022

Last sale price $2,620,000 $1,627 Per Sq Ft

16 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • No Heating
  • Newport Elementary School Rated A
  • Level Lot

About This Home

As of March 2022

RARE FIND CHARMING (4) UNITS, Prime Location on the Center of Balboa Peninsula. This Well Maintained Unique Income Property Walking Distance to Beach, Bay and Most of the Amenities. Fully Occupied with Much Upside of Rent.
Super easy to Rent. Sold "as is" for ease of Transaction. All Units feature One Bed Room and One Full Bath with Skylights (Except for unit A). Laminated Wood Floor and Double Panel Windows Throughout. All the Units are in Good Condition with Updated Plumbing and Electrical.
This is an Excellent Income Property with Great Appreciation in Value. For Short Term Rental or Future Development, Please check and Verify with the City and Local Authority.

Last Agent to Sell the Property

Jennifer Chow

Napoli R.E. & Property Mgt. License #00929968 Listed on: 02/17/2022

Last Buyer's Agent

Jodi DiTolla

StoneWood Real Estate License #01969994

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 2,361 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Property Attached

Interior Spaces

  • 1,610 Sq Ft Home
  • Laminate Flooring

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Location

  • Urban Location

Utilities

  • No Heating
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 9 / 4
  • Tax Tract Number 510
  • Assessor Parcel Number 04809120

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $480
  • Fuel Expense $660
  • Gardener Expense $840
  • Insurance Expense $1,095
  • Water Sewer Expense $1,250
  • Operating Expense $4,275

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Price Per Unit: 662500
  • Property Attached: Yes
  • Water Sewer Expenses: 1250.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 04809120
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Price Per Square Foot: 1627.33
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2361.00
  • Lot Size Acres: 0.0542

Multi Family

  • Electric Expense: 480.00
  • Fuel Expense: 660.00
  • Gross Scheduled Income: 99960.00
  • Insurance Expense: 1095.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 800.00
  • Lot Size Area: 2361.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Rent Control: No
  • Total Actual Rent: 99960.00
  • Total Expenses: 4275.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 628.00
  • Tax Lot: 9
  • Tax Tract Number: 510

Range of Values:

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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
03/31/2022 03/31/22 Sold $2,620,000 -1.1% $1,627 / Sq Ft
03/05/2022 03/05/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $2,650,000 -- $1,646 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jennifer Chow

    Napoli R.E. & Property Mgt.

    (949) 350-4116

    1 in this area

    4 Total Sales

    Section Image
  • Jodi DiTolla

    Buyer's Agent in 2022

    Jodi DiTolla

    StoneWood Real Estate

    (949) 228-7263

    7 in this area

    16 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22031544

California Regional Multiple Listing Service (CRMLS)

California Orange County Newport Beach 92661 Central Newport Beach

216 E Balboa Blvd, Newport Beach, CA

This home is located at 216 E Balboa Blvd, Newport Beach, CA 92661 since 17 February 2022. This property was built in 1926. 216 E 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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