1123 East Balboa Boulevard

Newport Beach, CA 92661

$6,750,000
Price
5
Beds
4
Baths
1,959 Sq. Ft.
$3,446 / Sq. Ft.
1,959
Sq. Ft.
$3,446
per Sq. Ft.

Description

2 ACTIVE SHORT TERM RENTAL PERMITS!! Soak up the surf and sun at this versatile oceanfront fully furnished duplex in Newport Beach’s sought-after Peninsula Point neighborhood on the Balboa Peninsula. With one unit on each level of the two-story residence, you can live in one and rent the other, or use both as valuable income-producing opportunities. The renderings show how property can look if you build out the current plans plans that have been submitted to the city for a future custom home, making...2 ACTIVE SHORT TERM RENTAL PERMITS!! Soak up the surf and sun at this versatile oceanfront fully furnished duplex in Newport Beach’s sought-after Peninsula Point neighborhood on the Balboa Peninsula. With one unit on each level of the two-story residence, you can live in one and rent the other, or use both as valuable income-producing opportunities. The renderings show how property can look if you build out the current plans plans that have been submitted to the city for a future custom home, making it easy to create the seaside home of your dreams. Presenting a quieter setting near the end of the boardwalk, the duplex is close to The Wedge surf break, Peninsula Park, the Peninsula Point Racquet Club, the Balboa Pier, and Main Street’s vibrant shopping and dining destinations. A spacious view patio highlights the lower-level residence, which features two bedrooms, two baths, a living room with fireplace, a white kitchen, and a dining room that opens to the patio. The open and bright upper unit showcases a vaulted ceiling, a fireplace-warmed living room, a sunny ocean-view deck, a gourmet kitchen with breakfast bar, three bedrooms and two baths. An attached four-car garage with epoxy flooring provides ample off-street parking and room for storing bikes and surfboards.

Listing Agent

  1. Tara McNabb

    Tara McNabb

    Listing Agent

    Compass

    DRE #01871729

Property Details for 1123 East Balboa Boulevard

View
Ocean
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1959

Location

Listing Courtesy of Compass, Tara McNabb, DRE #01871729
Add your commute
LISTING UPDATED: 04/07/2024 09:29 AM

Property Details for 1123 East Balboa Boulevard

StatusActive
MLS #OC24042496
Days on Market59
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1977
Lot Size0.06 AC / 2,614 SF
CountyOrange County

Location

Listing Courtesy of Compass, Tara McNabb, DRE #01871729
Add your commute

Building Information for 1123 East Balboa Boulevard

Stories2Year Built1977Building Size-Lot Size0.06 AC / 2,614 SF

Payment Calculator

$41,115 per month

30 year fixed, 7.25% Interest

Principal and Interest

$36,838

Property Taxes

$4,277

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1123 East Balboa Boulevard

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Block: 18
  • Tax Tract Number: 105
  • Tax Census Tract: 628.00
  • CFD/Mello-Roos Fee: $507
  • Tax Lot: 11
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Room Type: Entry, Family Room, Main Floor Bedroom
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: In Garage, Inside, Upper Level
  • Laundry Location: Garage, Inside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: None
Exterior Features
  • Entry Location: 1
  • Structure Type: Duplex
  • View Description: Ocean
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side of Freeway, Ocean Side Of Highway 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Attached Garage: Yes
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (BALP)
  • Builders Tract Code: Balboa Peninsula (Residential) (BALP)
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 1123 East Balboa Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1123 East Balboa Boulevard

Taxable ValueLand$4,457,400Additions$387,600Total$4,845,000
Tax Record2023$51,319 ($4,277 / month)
Home Facts
Total Finished SqFt1,959 SqFtAbove Grade Finished SqFt1,959 SqFtStories2Lot Size2,387 SqFtStyleDuplexYear Built1977CountyORANGEAPN048-152-09

Schools near 1123 East Balboa Boulevard

This home is within Newport-Mesa Unified School District.
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

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1123 East Balboa Boulevard is a single family home for sale in Newport Beach, CA 92661. This property was listed for sale on March 1, 2024 by Compass, it's currently listed at $6,750,000. It has been on the market for a total of 59 days and was last sold on October 8, 2021. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Newport Elementary School, Horace Ensign Intermediate School and Newport Harbor High School. 1123 East Balboa Boulevard is a 5-bed, 4-bath, 1,959 sqft single family home built in 1977.

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 Compass, Tara McNabb, DRE #01871729

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.