1012 West Balboa Boulevard
1012 West Balboa Boulevard
Closed 5/21/13
Closed 5/21/13
Description
Peek-a-boo view of the Pacific Ocean. Two units have been remodeled with granite counter tops, fireplaces in all 3 units All units are easy to rent and currently occupied. The property is walking distance to Mother's Beach, the boardwalk,...A rare triplex on the desirable Balboa Peninsula. Unit A and B 4Bed/2Bath. Unit C 2 Bed plus Office/2.5 Bath. All units have stacked washer/dryer. Each unit has front balcony, Floor two has oversized rear balcony. Nice harbor view from third floor "owner's unit" and a
Peek-a-boo view of the Pacific Ocean. Two units have been remodeled with granite counter tops, fireplaces in all 3 units All units are easy to rent and currently occupied. The property is walking distance to Mother's Beach, the boardwalk, harbor, and beach.
Listing Agents
![Kacey Taormina]()
Kacey Taormina
Listing Agent
Compass
DRE #01920673
kacey.taormina@compass.comP: 714.323.3200
- Listed by Michelle Kader • DRE #01438251 • HOM Sotheby's International
Property Details for 1012 West Balboa Boulevard
Location
Sold By Cornerstone Real Estate Intern, Tracy Wu, DRE #01877487
Property Details for 1012 West Balboa Boulevard
| Status | Closed |
|---|---|
| MLS # | NP13048552 |
| Days on Market | 64 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1960 |
| Lot Size | 0.07 AC / 3,075 SF |
| County | Orange County |
Building
1012 W Balboa Blvd
Location
Sold By Cornerstone Real Estate Intern, Tracy Wu, DRE #01877487
Building Information for 1012 West Balboa Boulevard
Payment Calculator
$12,829 per month
30 year fixed, 7.25% Interest
$10,716
$2,113
$0
Property Information for 1012 West Balboa Boulevard
- Tenant Pays: Cable TV, Electricity
- Gross Income: $8,515
- Gross Scheduled Income: $102,180
- Net Operating Income: $83,900
- Gross Multiplier: 20.0
- Cap Rate: 4.0
- Financing: Cash
- Operating Expense: $18,280
- New Taxes Expense: $12,322
- Licenses Expense: $148
- Electric Expense: $500
- Insurance Expense: $3,110
- Maintenance Expense: $1,500
- Trash Expense: $200
- Water Sewer Expense: $400
- Tax Year: 2011
- Tax Tract Number: 234
- Tax Lot: 4
- Community Features: Curbs, Sidewalks, Street Lights, Storm Drains, Suburban
- Appliances: Dishwasher, Electric Range, Electric Cooktop, Disposal, Microwave, Refrigerator, Water Heater
- Equipment: Dishwasher, Dryer, Garbage Disposal, Inside, Microwave, Refrigerator, Washer
- Interior Features: Built-in Features, Balcony, Ceiling Fan(s), Granite Counters, Living Room Balcony, Recessed Lighting, Unfurnished
- Room Type: Family Room, Master Suite, Office
- Bathroom Features: Shower Over Tub, Shower Stall
- Water Heater Features: Water Heater Unit
- Laundry: Yes
- Laundry Features: Dryer Included, Inside, Washer Included
- Fireplace Features: Family Room
- Fireplace Rooms: Family Room
- Cooling: None
- Heating Type: Central, Wall
- Heating: Central, Wall Furnace
- Flooring: Carpet, Tile
- Door Features: Sliding Doors
- View Description: Bay, Ocean
- Waterfront Features: Marina in Community
- Pool Features: None
- Pool Description: None
- Lot Features: 2-5 Units/Acre
- Number Of Units: 3
- Levels: Three Or More
- Water: District
- Sewer: In Street
- Utilities: Cable Available, Electricity Available, Sewer Available
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage: Assigned
- Parking Garage Spaces: 0
- Carport Spaces: 3
- Parking Features: Assigned
- Builders Tract Code: Balboa Peninsula
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,895
- Unit Type Total Rent: $2,895
- Unit Type Pro Forma: 2895
- Unit Type Area Units: Square Feet
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $3,120
- Unit Type Total Rent: $3,120
- Unit Type Pro Forma: 3120
- Unit Type Area Units: Square Feet
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,500
- Unit Type Total Rent: $2,500
- Unit Type Pro Forma: 3100
- Unit Type Area Units: Square Feet
- Unit Type Type: 3
- Number Of Units Leased: 3
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 3
- Number Of Separate Gas Meters: 3
- Number Of Separate Water Meters: 0
- Number With Dishwasher: 3
- Number With Range: 3
- Number With Refrigerator: 3
- Number With Carpet: 3
- Number With Disposal: 3
- Number With Patio: 3
Property History for 1012 West Balboa Boulevard
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1012 West Balboa Boulevard
Schools near 1012 West Balboa Boulevard
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Newport Elementary School PublicK to 6 | ||
Horace Ensign Intermediate School Public7 to 8 | ||
Newport Harbor High School Public9 to 12 | ||
Monte Vista High School PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Homes for Sale near Balboa Peninsula
Neighborhoods
- Balboa Peninsula
- Balboa Peninsula Point
- Balboa Village
- Bay Island
- Central Newport Beach
- Balboa Island
- West Newport-Lido
- Newport Pier
- Irvine Terrace
- Lido Isle
- Lower Newport Bay
- Harbor Island
- Little Balboa Island
- Lido Peninsula Resort
- West Newport Beach
- Bayshores
- Bayside
- Linda Isle
- Balboa Island Business District
- Mariners Mile
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of HOM Sotheby's International Re, Kacey Taormina, DRE #01920673; HOM Sotheby's International, Michelle Kader, DRE #01438251
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.