RENTED MAY 15, 2025

508 E Oceanfront Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood
3 Beds
2 Baths
1,253 Sq Ft
2,570 Sq Ft Lot

Highlights

  • Ocean View
  • No HOA
  • 1-Story Property
  • Newport Elementary School Rated A
  • Laundry Room
  • 3-minute walk to Balboa Peninsula Park

About This Home

As of May 2025

Located just behind the Balboa Pier parking lot, this lower-level unit offers beautiful views of the ocean and easy access to the beach. The living room features large windows that bring in plenty of natural light and frame the beach view, along with a classic wooden fireplace and mantle that add warmth and charm to the space.

The kitchen is just off the living area and includes a large stovetop, built-in oven, dishwasher, and ample counter space. There's also a breakfast bar setup that allows for barstool seating, creating an open and functional flow between the kitchen and living space.

Down the hallway, you’ll find the guest bedrooms and a spacious primary bedroom that includes a private entrance. The garage is shared with the upper unit and offers one designated parking spot for this unit, along with a coin-operated washer and dryer.

A private patio fronts the boardwalk, offering direct views of downtown Balboa and the nearby pier — the perfect spot to relax and enjoy the ocean breeze.

Tenant is responsible for providing a refrigerator and must carry renter’s insurance. Water, trash, and sewer are included in the rent. 12-month lease term offered.

Last Agent to Rent the Property

Frank Hurst

Balboa Realty License #02239389 Listed on: 04/28/2025

Last Renter's Agent

Andreea Stucker

First Team Real Estate License #01328406

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 2,570 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Property Views

  • Ocean
  • Catalina

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,253 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Security Deposit $4,995
  • Rent includes sewer, trash collection
  • 12-Month Minimum Lease Term
  • Available 4/29/25
  • Tax Lot 5375
  • Tax Tract Number 1
  • Assessor Parcel Number 04812215

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Water Sports

Pet Policy

  • Pet Deposit $500

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-04-29
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 4995
  • Furnished: Unfurnished

Listing Details

  • Structure Type: Duplex
  • Property Attached: Yes
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Lease
  • Parcel Number: 04812215
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1253.00 Square Feet
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 3.99
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Catalina, Ocean
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2570.00
  • Lot Size Acres: 0.0590

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 2570.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Sewer, Trash Collection

Tax Info

  • Tax Lot: 5375
  • Tax Tract Number: 1

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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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
05/15/2025 05/15/25 Rented $4,995 0.0% --
04/28/2025 04/28/25 For Rent $4,995 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • F

    Landlord's Agent in 2025

    Frank Hurst

    Balboa Realty

    (949) 734-7419

    1 Total Sale

    Frank Hurst
    Section Image
  • Andreea Stucker

    Tenant's Agent in 2025

    Andreea Stucker

    First Team Real Estate

    (949) 422-1336

    32 Total Sales

    Andreea Stucker
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25093267

California Regional Multiple Listing Service (CRMLS)

APN: 048-122-15

California Orange County Newport Beach 92661 Balboa Peninsula Point

508 E Oceanfront, Newport Beach, CA

Not Listed for Sale

MultiFamily

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