Seller's Agent in 2021
Jim Knoska
Beach Cities Real Estate
(949) 547-1820
1 in this area
13 Total Sales
603 E Balboa Blvd Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $3,692,701
3
Beds
4
Baths
2,480
Sq Ft
$1,489/Sq Ft
Est. Value
Highlights
- Marina
- Ocean View
- Fishing
- Newport Elementary School Rated A
- Property has ocean access
- 4-minute walk to Balboa Peninsula Park
About This Home
As of November 2021Discover a unique rental opportunity at 603 E Balboa Blvd, a mixed-use property with commercial retail space and residential 3 story home in the vibrant heart of Newport Beach Balboa peninsula. 5 car tandem garage with one garage door with a commercial height for a medium size truck. If the tenant prefers to rent the residence without the retail space, the monthly rent is to be $10,000 per month.
**Ground Floor Retail Space:**
- **Size:** 560 sqft
- Perfectly zoned for retail, this prime location offers generous street frontage, ensuring high visibility in a bustling coastal community. Ideal for businesses seeking a prominent presence in a high-traffic area.
**Upper Floors:**
- **Residential Unit:** The two upper floors feature beautiful living spaces with captivating beach views, making it a serene retreat for residents.
- **Viewing Decks:** Enjoy stunning ocean, bay, and city light views from two private decks.
**Location:**
- Situated in a highly walkable neighborhood, just steps away from top-notch dining and the iconic Balboa Pier.
This property seamlessly blends business and residential opportunities, making it perfect for entrepreneurs and those looking to enjoy coastal living. Don’t miss out on this distinctive rental opportunity!
Last Agent to Sell the Property
Beach Cities Real Estate License #01753411 Listed on: 03/06/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1991
Lot Details
- 2,614 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 6 Car Direct Access Garage
- 1 Open Parking Space
- Parking Available
Property Views
- Ocean
- Bay
- Panoramic
- City Lights
Home Design
- Contemporary Architecture
- Composition Roof
- Stucco
Interior Spaces
- 2,480 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Skylights
- Double Pane Windows
- Custom Window Coverings
- Living Room with Fireplace
- Living Room with Attached Deck
- Vinyl Flooring
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- All Upper Level Bedrooms
- Walk-In Closet
- 4 Bathrooms
Outdoor Features
- Property has ocean access
- Beach Access
Location
- Urban Location
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 2 / 8
- Tax Tract Number 104
- Assessor Parcel Number 04812302
Community Details
Overview
- No Home Owners Association
- 2 Units
- Balboa Peninsula Subdivision
Amenities
- Laundry Facilities
Recreation
- Marina
- Fishing
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 19, 2023
Sold by
Ritchey Robert
Bought by
Ritchey Debra G
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Outstanding Balance
$417,586
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$3,275,115
Purchase Details
Closed on
Nov 28, 2023
Sold by
Body Spa Light Llc
Bought by
Ritchey Debra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Outstanding Balance
$417,586
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$3,275,115
Purchase Details
Closed on
Aug 25, 2021
Sold by
Palmer Family Trust and Palmer Randall J
Bought by
Body Spa Light Llc
Purchase Details
Listed on
Nov 16, 2019
Closed on
Oct 1, 2019
Sold by
Lanco A California General Partnership
Bought by
Palmer Randall J and Palmer Ellen M
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Jim Knoska
Beach Cities Real Estate
List Price
$2,198,000
Sold Price
$2,015,000
Premium/Discount to List
-$183,000
-8.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.11%
Original Mortgage
$1,103,414
Interest Rate
5.37%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ritchey Debra G | -- | Lawyers Title | |
| Ritchey Debra G | -- | Lawyers Title | |
| Ritchey Debra G | -- | Lawyers Title | |
| Ritchey Debra | -- | None Listed On Document | |
| Body Spa Light Llc | $2,885,000 | Lawyers Title | |
| Palmer Randall J | $2,015,000 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ritchey Debra G | $425,000 | |
| Closed | Ritchey Debra G | $425,000 | |
| Previous Owner | Palmer Randall J | $1,103,414 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/10/2024 11/10/24 | Off Market | $12,500 | -- | -- | |
| 10/07/2024 10/07/24 | For Rent | $12,500 | 0.0% | -- | |
| 11/22/2021 11/22/21 | Sold | $2,885,000 | -2.2% | $1,163 / Sq Ft | |
| 03/06/2021 03/06/21 | For Sale | $2,950,000 | +46.4% | $1,190 / Sq Ft | |
| 11/21/2019 11/21/19 | Sold | $2,015,000 | -8.3% | $813 / Sq Ft | View Prior Sale |
| 11/18/2019 11/18/19 | Pending | -- | -- | -- | |
| 11/16/2019 11/16/19 | For Sale | $2,198,000 | -- | $886 / Sq Ft |
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 | $32,348 | $3,061,585 | $2,711,387 | $350,198 |
| 2024 | $32,348 | $2,942,700 | $2,606,100 | $336,600 |
| 2023 | $31,587 | $2,942,700 | $2,606,100 | $336,600 |
| 2022 | $31,060 | $2,885,000 | $2,555,000 | $330,000 |
| 2021 | $16,667 | $2,076,592 | $1,750,770 | $325,822 |
| 2020 | $22,339 | $1,501,287 | $1,178,805 | $322,482 |
| 2019 | $9,262 | $814,403 | $428,386 | $386,017 |
| 2018 | $9,082 | $798,435 | $419,986 | $378,449 |
| 2017 | $8,925 | $782,780 | $411,751 | $371,029 |
| 2016 | $8,730 | $767,432 | $403,678 | $363,754 |
| 2015 | $8,645 | $755,905 | $397,614 | $358,291 |
| 2014 | $8,444 | $741,098 | $389,825 | $351,273 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Knoska
-
Susan Chace
Buyer's Agent in 2021
Susan Chace
Radius Agent Realty
(206) 697-5339
1 in this area
13 Total Sales
-
Tara Shapiro
Seller's Agent in 2019
Tara Shapiro
Coldwell Banker Realty
(949) 478-7781
37 in this area
88 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21036781
APN: 048-123-02
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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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