NOT LISTED FOR SALE

3705 W Balboa Blvd Unit 2 Newport Beach, CA 92663

West Newport Beach Neighborhood
4 Beds
4 Baths
1,945 Sq Ft
2,250 Sq Ft Lot

Last Sold August 06, 2021

Last sale price $2,000,000 $1,028 Per Sq Ft

32 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Cathedral Ceiling
  • Living Room with Attached Deck
  • Newport Elementary School Rated A
  • Park or Greenbelt View
  • 1-minute walk to 38th Street Park

About This Home

As of August 2021

Longtime family owned duplex within one block of the beach...
3705 is incredibly appealing due to the vicinity of the Pacific Ocean… the quality of the interiors and the ease of coming and going…
The lower unit is approximately 676 sq ft, 1 bedroom / 2 bath with inside laundry in a soft Tuscan influence coupled with street side patio looking towards the park (approx 200+ sq ft)...
The upper unit is quite substantial (approximately 1,268 sq ft) … super high ceilings grace the open concept… kitchen looking out to the living room (with fireplace) … looking out to balcony deck (approx 160+ sq ft)... looking out to the palm trees and the park beyond. This unit has a more traditional / slightly modern décor with 3 bedrooms / 2 baths and inside laundry.
Now add to the mix a FOUR (4) tandem car garage (approximately 665 sq ft) … YEP!!!
Total sq ft of the property is approximately 1945… Lot size is 2249 sq ft (25 x 90).
Add all these ingredients together… cozy lower unit, substantial upper unit, 4 car garage, Pacific Ocean in your midst (as well as your block), lovely park across the street… near all that Newport has to offer… 3705 easily fits the bill for investors, owner-user or the next beach compound for generations to come…

Last Agent to Sell the Property

Elizabeth Thamer

Pacific Sotheby's Int'l Realty License #01169245 Listed on: 06/10/2021

Pacific Sotheby's Int'l Realty

Co-Listed By

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048

Last Buyer's Agent

Judy Ha

Blackrock Inv & Finance License #01884583

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 2,250 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener

Home Design

  • Cottage
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,945 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Great Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Park or Greenbelt Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Ocean Side of Highway 1
  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 18 / 37
  • Tax Tract Number 670
  • Assessor Parcel Number 42332306

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • West Newport Beach Subdivision

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Trash Expense $1,000
  • Water Sewer Expense $2,000
  • Operating Expense $2,000
  • Gross Income $63,600
  • Net Operating Income $42,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: Jon Flagg cell
  • Other Phone Number: 949-533-7878
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: West Newport Beach (WSNB)
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 42332306
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Ceiling Fan(s), Living Room Balcony, Living Room Deck Attached
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Price Per Square Foot: 1028.28
  • Room Type: Great Room

Exterior Features

  • Foundation: Slab
  • View: Park/Greenbelt
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 2250.00
  • Lot Size Acres: 0.0517

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 676 Square Feet
  • Average3 Bed Area: 1268 Square Feet
  • Gross Income: 63600.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 2250.0000 Square Feet
  • Net Operating Income: 42600.00
  • 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: 21000.00
  • Rent Control: Yes
  • Total Actual Rent: 5300.00
  • Total Expenses: 2000.00
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Block: 37
  • Tax Census Tract: 635.00
  • Tax Lot: 18
  • Tax Tract Number: 670

Range of Values:

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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
08/06/2021 08/06/21 Sold $2,000,000 +0.1% $1,028 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $1,999,000 -- $1,028 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Thamer

    Seller's Agent in 2021

    Elizabeth Thamer

    Pacific Sotheby's Int'l Realty

    (949) 640-3683

    3 in this area

    31 Total Sales

    Section Image
  • Jon Flagg

    Seller Co-Listing Agent in 2021

    Jon Flagg

    Pacific Sotheby's Int'l Realty

    (949) 698-1910

    6 in this area

    139 Total Sales

    Section Image
  • Judy Ha

    Buyer's Agent in 2021

    Judy Ha

    Blackrock Inv & Finance

    (626) 731-4485

    1 in this area

    55 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21123709

California Regional Multiple Listing Service (CRMLS)

California Orange County Newport Beach 92663 West Newport Beach

3705 W Balboa Blvd Unit 2, Newport Beach, CA

This home is located at 3705 W Balboa Blvd Unit 2, Newport Beach, CA 92663 since 10 June 2021. This property was built in 1948. 3705 W Balboa Blvd Unit 2 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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