Seller's Agent in 2022
Laura Henshall
CFG Investments
(714) 557-1435
2 in this area
26 Total Sales
901 E Balboa Blvd Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
8
Beds
6
Baths
3,482
Sq Ft
3,720
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- Rectangular Lot
- Newport Elementary School Rated A
- Central Heating
- 1-minute walk to Balboa Peninsula Park
About This Home
As of September 2022FIRST TIME ON THE MARKET IN 45 + years. Upside potential income. This Tri-plex is located on the Balboa Peninsula with superb walkability to the Balboa Pier and local restaurants and is situated one building in from the board walk / sand. Ideal for the investor or the individual looking to live in one unit and rent out the others. Two three-bedroom 1 3/4 bathroom units with patios/balconies along with oversized fireplaces and hearths showcase the living space adding a sense of warmth while entertaining. Relaxation and entertaining is ideal on the patios /deck areas with the three bedroom units. The two upper units each have a peek-a - boo view of the water and an abundance of natural light . The upper two bedroom two bathroom is positioned over the garage area, with its own staircase providing this unit a sense of privacy. Parking is easy with remote access to ones garage space. Come feel the ocean breeze and live the beach life. 905 E. Balboa Blvd is listed for sale for 2,800,000 and can be purchased together with 901 E. Balboa Blvd or separately.
Last Agent to Sell the Property
CFG Investments License #01091181 Listed on: 05/22/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1971
Lot Details
- 3,720 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Parking
- 3 Car Garage
Home Design
- Property Attached
Interior Spaces
- 3,482 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Additional Features
- Urban Location
- Central Heating
Listing and Financial Details
- Legal Lot and Block 1 / 14
- Tax Tract Number 104
- Assessor Parcel Number 04814324
- $751 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Units
- Balboa Peninsula Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,302
- Water Sewer Expense $1,147
- New Taxes Expense $42,032
- Operating Expense $9,999,999
- Gross Income $106,800
- Net Operating Income $999,999
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/27/2022 09/27/22 | Sold | $3,175,000 | -9.3% | $912 / Sq Ft |
| 08/15/2022 08/15/22 | Pending | -- | -- | -- |
| 07/29/2022 07/29/22 | For Sale | $3,500,000 | 0.0% | $1,005 / Sq Ft |
| 07/27/2022 07/27/22 | Pending | -- | -- | -- |
| 07/15/2022 07/15/22 | Price Changed | $3,500,000 | -5.4% | $1,005 / Sq Ft |
| 06/17/2022 06/17/22 | Price Changed | $3,700,000 | -7.4% | $1,063 / Sq Ft |
| 05/22/2022 05/22/22 | For Sale | $3,995,000 | -- | $1,147 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Laura Henshall
-
John Allen
Buyer's Agent in 2022
John Allen
Seven Gables Real Estate
(714) 651-9706
1 in this area
47 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22103785
APN: 048-143-24
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