Paul Daftarian
Luxe Real Estate
(657) 385-8384
248 Total Sales
2 in Balboa Peninsula Point
$11.4M - $27M Price Range
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 Facilities
- 3-minute walk to Balboa Peninsula Park
About This Home
As of May 2025Located 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.
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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
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Balboa Peninsula Point, CA
-
Paul Daftarian
-
Keegan Budden
Keegan Budden
Douglas Elliman of California Inc.
(949) 763-5747
15 Total Sales
2 in Balboa Peninsula Point
$6.9M - $8.7M Price Range
-
Justine Howard
Justine Howard
Coldwell Banker Realty
(949) 822-9869
14 Total Sales
1 in Balboa Peninsula Point
$3,850,000 Price
-
Christine Morgan
Christine Morgan
Responds QuicklyMarterra Real Estate
(657) 279-5220
138 Total Sales
1 in Balboa Peninsula Point
$6,600,000 Price
-
Cora Berkery
Cora Berkery
Responds QuicklyColdwell Banker Realty
(949) 220-0989
55 Total Sales
1 in Balboa Peninsula Point
$6,550,000 Price
-
Westley Williams
Westley Williams
Responds QuicklyHarcourts Prime Properties
(949) 541-2816
183 Total Sales
1 in Balboa Peninsula Point
$4,200,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| Hobbs Charles R | -- | Lsi Title | |
| Hobbs Verity Christine | -- | Accommodation | |
| Hobbs Verity Christine | $770,000 | Ameican Title Co | |
| Luper Gallont Alicia M | $685,000 | California Counties Title Co | |
| Home Svgs Of America | $602,913 | Chicago Title Co | |
| Everett Donald W | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $231,900 | ||
| Closed | Hobbs Verity Christine | $100,000 | |
| Closed | Hobbs Verity Christine | $290,650 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $13,447 | $1,254,099 | $1,135,419 | $118,680 |
| 2025 | $13,230 | $1,229,509 | $1,113,156 | $116,353 |
| 2024 | $13,230 | $1,205,401 | $1,091,329 | $114,072 |
| 2023 | $12,917 | $1,181,766 | $1,069,930 | $111,836 |
| 2022 | $12,698 | $1,158,595 | $1,048,951 | $109,644 |
| 2021 | $12,457 | $1,135,878 | $1,028,383 | $107,495 |
| 2020 | $12,337 | $1,124,231 | $1,017,838 | $106,393 |
| 2019 | $12,088 | $1,102,188 | $997,881 | $104,307 |
| 2018 | $12,782 | $1,080,577 | $978,315 | $102,262 |
| 2017 | $12,737 | $1,059,390 | $959,133 | $100,257 |
| 2016 | $12,451 | $1,038,618 | $940,326 | $98,292 |
| 2015 | $12,401 | $1,023,017 | $926,201 | $96,816 |
| 2014 | -- | $1,002,978 | $908,058 | $94,920 |
Source: Public Records
Agents Affiliated with this Home
-
Frank Hurst
FH
Landlord's Agent in 2025
Frank Hurst
Balboa Realty
(949) 734-7419
2 Total Sales
-
Andreea Stucker
Tenant's Agent in 2025
Andreea Stucker
First Team Real Estate
(949) 422-1336
32 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25093267
APN: 048-122-15
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
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