NOT LISTED FOR SALE

609 E Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $1,905,000 - $3,037,303

3 Beds
3 Baths
3,000 Sq Ft
$822/Sq Ft Est. Value

Last Sold May 04, 2015

Last sale price $2,300,000 $767 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $13,671/month

49 Days on Market

Highlights

  • Beach Front
  • Property has ocean access
  • Primary Bedroom Suite
  • Newport Elementary School Rated A
  • Spa
  • Fireplace in Primary Bedroom

About This Home

As of May 2015

An extremely rare two unit building situated in the heart of the famous Balboa Peninsula. This mix used building is equipped with two units, one being a completely renovated 3 bedroom, 3 bathroom condo and the other being retail/office space on the first floor. This resort style estate offers almost 1900 square feet of phenomenal living space, and variety of breathtaking upgrades, which include: oak wood floors, professional grade chef's thermidor kitchen, huge bedrooms, sky lights throughout the entire home, Italian carrara marble, crown molding, wood overhangs, brand new windows and doors, cathedral ceilings, new electrical paneling, a tankless water heater, stone and mosaic fire place, outdoor shower, brick patios and much, much more! The bottom floor consists of roughly 1100 square feet of prime Newport Beach retail/office space. The perfectly manicured building also consists of EIGHT, yes eight parking spaces! This LIKE NEW construction comes with Commercial & Residential space and is walking distance to the spectacular balboa pier, restaurants, water activities and steps to the sand. The units will be sold together, not separately.

Last Agent to Sell the Property

Yazen Haddad

E Realty License #01936781 Listed on: 02/12/2015

Co-Listed By

Necole Abboud

The Oppenheim Group License #01925204

Last Buyer's Agent

CATHI LUONG

MILANO REALTY License #01271793

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 2,500 Sq Ft Lot
  • Beach Front
  • Property Fronts a Bay or Harbor
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Property Attached
  • Turnkey

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Den with Fireplace
  • Bonus Room with Fireplace
  • Home Gym
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Retreat
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • 3 Bathrooms
  • Fireplace in Bathroom
  • Spa Bath

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Spa
  • Property has ocean access
  • Living Room Balcony
  • Fireplace in Patio
  • Outdoor Fireplace

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 93216037

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $7,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

2,500 Sq Ft Lot

Parking

8

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • Architectural Style: Contemporary, Modern
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 93216037
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Balcony, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Living Room Balcony, Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Bonus Room, Bath, Den, Dining Room, Electric, Family Room, Gas, Kitchen, Living Room, Master Bedroom, Master Retreat, Outside, Patio, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 766.67
  • Room Type: All Bedrooms Up, Family Room, Exercise Room, Living Room, Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Retreat, Two Masters
  • Spa Features: Bath
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2500.00
  • Lot Size Acres: 0.0570

Multi Family

  • Gross Income: 7500.00
  • Gross Scheduled Income: 90000.00
  • Lot Size Area: 2500.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Waterfront Features: Bay Front, Beach Access, Beach Front, Ocean Access

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2019
Sold by
Mechelen Cornelis A Van and Mechelen Jeantine B Van
Bought by
Mechelen Cornelis A Van and Mechelen Jeantine B
Current Estimated Value
$2,466,326

Purchase Details

Closed on
May 22, 2019
Sold by
Vanmechelen Carrie Van
Bought by
Vanmechelen Mitch Van

Purchase Details

Closed on
Apr 8, 2011
Sold by
Vanmechelen Cornelis A and Vanmechelen Van Mechelen
Bought by
Vanmechelen Cornelis A and Vanmechelen Van Mechelen

Purchase Details

Closed on
Apr 9, 1997
Sold by
Miles Douglas
Bought by
Bandel Zvi and Bandel Eva

Purchase Details

Closed on
Jul 15, 1996
Sold by
Balboa Associates
Bought by
Miles Douglas

Purchase Details

Closed on
May 5, 1994
Sold by
Tucker Christopher P
Bought by
Vanmechelen Cornelis A and Vanmechelen Jeantine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
8.35%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mechelen Cornelis A Van -- None Available
Vanmechelen Mitch Van -- North American Title Company
Mechelen Timothy Brian Van -- North American Title Company
Vanmechelen Cornelis A -- Accommodation
Vanmechelen Cornelis A -- North American Title Co
Bandel Zvi $350,000 --
Miles Douglas -- --
Miles Douglas $400,000 First Southwestern Title Co
Vanmechelen Cornelis A $310,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanmechelen Cornelis A $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2015 05/04/15 Sold $2,300,000 -2.1% $767 / Sq Ft
04/02/2015 04/02/15 Pending -- -- --
02/12/2015 02/12/15 For Sale $2,350,000 -- $783 / 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 $5,906 $534,375 $346,450 $187,925
2024 $5,906 $523,898 $339,657 $184,241
2023 $5,764 $513,626 $332,997 $180,629
2022 $5,665 $503,555 $326,467 $177,088
2021 $5,485 $493,682 $320,066 $173,616
2020 $5,431 $488,620 $316,784 $171,836
2019 $5,323 $479,040 $310,573 $168,467
2018 $5,218 $469,648 $304,484 $165,164
2017 $5,125 $460,440 $298,514 $161,926
2016 $5,012 $451,412 $292,661 $158,751
2015 $4,961 $444,632 $288,265 $156,367
2014 $4,844 $435,923 $282,619 $153,304
Source: Public Records

Agents Affiliated with this Home

  • Yazen Haddad

    Seller's Agent in 2015

    Yazen Haddad

    E Realty

    (562) 881-9947

    1 in this area

    92 Total Sales

    Yazen Haddad
    Section Image
  • Necole Abboud

    Seller Co-Listing Agent in 2015

    Necole Abboud

    The Oppenheim Group

    (949) 910-6454

    17 Total Sales

    Necole Abboud
    Section Image
  • CATHI LUONG

    Buyer's Agent in 2015

    CATHI LUONG

    MILANO REALTY

    (626) 786-3211

    CATHI LUONG
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15031023

California Regional Multiple Listing Service (CRMLS)

APN: 048-024-27

California Orange County Newport Beach 92661 Central Newport Beach

609 E Balboa Blvd, Newport Beach, CA

Not Listed for Sale

MultiFamily

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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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