RENTED APR 1, 2026
1 Bed
1 Bath
720 Sq Ft
2,548 Sq Ft Lot Lot

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Abraham Lincoln Elementary School Rated A
  • Bike Trail

About This Home

As of April 2026

Welcome to 306 1/2 Ruby Ave, an inviting upper-level unit nestled on Balboa Island in Newport Beach. This charming 1.5-bedroom, 1-bath residence offers a relaxed coastal vibe with recent upgrades throughout. Enjoy cooking in the remodeled kitchen featuring sleek newer appliances and ample storage, perfect for your culinary needs. The unit gives you the flexibility to bring your own style or simply move in with ease. Located in a prime spot on the island, you'll be steps away from local dining, shopping, and the scenic waterfront. A unique opportunity to embrace the island lifestyle—don’t miss out! ** UNIT IS COMPLETLY EMPTY - NO FURNITURE INCLUDED**

Last Agent to Rent the Property

Kevin Lemus

Arbor Real Estate License #02201695 Listed on: 11/10/2025

Arbor Real Estate

Co-Listed By

Breanne Guadiana

Arbor Real Estate License #02208893

Last Renter's Agent

Kevin Lemus

Arbor Real Estate License #02201695 Listed on: 11/10/2025

Arbor Real Estate

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1970

Lot Details

  • 2,548

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Furniture Can Be Negotiated

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • All Upper Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • No Common Walls
  • Wall Furnace

Listing and Financial Details

  • Security Deposit $2,500
  • Rent includes gas, water
  • 12-Month Minimum Lease Term
  • Available 12/1/25
  • Tax Lot 4
  • Tax Tract Number 3
  • Assessor Parcel Number 05008208

Community Details

Overview

  • No Home Owners Association
  • 1,400 Units
  • Balboa Island Main Island Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Condo Details

Home Type

Condominium

Year Built

Built in 1970

Lot Details

2,548 Sq Ft Lot

Rental Info

  • Cashiers Check: Credit Report, 1ST Month Rent, Security Deposit
  • Available Date: 2025-12-01
  • Credit Check Paid By: Tenant
  • Deposit Security: 2500
  • Furnished: Negotiable
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Inclusions: Reasonable use of washer/dryer : gas and water paid by landlord
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 05008208
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 720.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 5.21
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside, Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0585

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units In Community: 1400
  • Number Of Units Total: 1
  • Rent Includes: Gas, Water

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 3
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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
04/01/2026 04/01/26 Rented $3,750 +5.6% --
03/02/2026 03/02/26 Under Contract -- -- --
01/28/2026 01/28/26 Price Changed $3,550 -4.1% $5 / Sq Ft
11/20/2025 11/20/25 Price Changed $3,700 -7.5% $5 / Sq Ft
11/10/2025 11/10/25 For Rent $4,000 +25.0% --
11/30/2024 11/30/24 Rented $3,200 0.0% --
11/08/2024 11/08/24 Under Contract -- -- --
10/31/2024 10/31/24 For Rent $3,200 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,416 $900,835 $808,202 $92,633
2024 $12,416 $883,172 $792,355 $90,817
2023 $12,090 $865,855 $776,818 $89,037
2022 $9,367 $848,878 $761,586 $87,292
2021 $9,189 $832,234 $746,653 $85,581
2020 $9,100 $823,701 $738,997 $84,704
2019 $8,917 $807,550 $724,506 $83,044
2018 $8,741 $791,716 $710,300 $81,416
2017 $8,587 $776,193 $696,373 $79,820
2016 $8,397 $760,974 $682,719 $78,255
2015 $8,314 $749,544 $672,464 $77,080
2014 -- $734,862 $659,291 $75,571
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25257915

California Regional Multiple Listing Service (CRMLS)

APN: 050-082-08

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