127 Agate Avenue

127 Agate Avenue

Newport Beach, CA 92662

$1,875,000
Last Sold Price
8
Beds
6
Baths
3,500 Sq. Ft.
$536 / Sq. Ft.
3,500
Sq. Ft.
$536
per Sq. Ft.

Closed 8/21/20

Virtual Tour

Closed 8/21/20

Virtual Tour

Description

A Historic Landmark "The Balboa Island Hotel" Built-in 1925, by its first owner a local Portuguese fisherman. In the early days, some of the Hollywood studios would rent the entire hotel for the movie stars to stay in while a movie was being made. At that time it had 7 rooms upstairs and a duplex in the back. Over the years the last owner Suzie converted the seven rooms into 4 bedrooms and 2 bathrooms on the second floor and 2 bed 2 baths on the first floor. With over 90 years of history "if walls...A Historic Landmark "The Balboa Island Hotel" Built-in 1925, by its first owner a local Portuguese fisherman. In the early days, some of the Hollywood studios would rent the entire hotel for the movie stars to stay in while a movie was being made. At that time it had 7 rooms upstairs and a duplex in the back. Over the years the last owner Suzie converted the seven rooms into 4 bedrooms and 2 bathrooms on the second floor and 2 bed 2 baths on the first floor. With over 90 years of history "if walls could talk" we are looking for a new buyer with a vision for this iconic Balboa Island Hotel. Plenty of opportunities to restore the business and make a profit. The duplex in the back was brought over the bridge and onto the Island in 1934. It currently has a Studio leased at $1150 and the 1 bedroom for $1650 a month. The Hotel is located on the same street as the Balboa Island Ferry. Walk to breakfast, lunch, or dinner "501 Park Ave" restaurant also located across the street, and shop at the local market and deli located next to the Ferry, or cross over and spend the day at the Beach in Newport. There is a park with basketball hoops just steps from the Hotel and a very short walk to beaches on the north bayfront and south bayfront. The Balboa Island Hotel needs some love to bring it back to life. A wonderful opportunity for you or someone you know. Priced to sell! President's Award Winning Schools!
  1. Listed by Kristy Holt • DRE #01184014 • Brokerage DRE #01184014 • Kristy S. Holt

Property Details for 127 Agate Avenue

View
Peek-A-Boo
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3500

Location

Listing Courtesy of Kristy S. Holt, Kristy Holt, DRE #01184014

Sold By Kristy S. Holt, Kristy Holt, DRE #01184014

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LISTING UPDATED: 08/21/2020 02:08 AM

Property Details for 127 Agate Avenue

StatusClosed
MLS #NP20098654
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential
Year Built1925
CountyOrange County

Location

Listing Courtesy of Kristy S. Holt, Kristy Holt, DRE #01184014

Sold By Kristy S. Holt, Kristy Holt, DRE #01184014

Add your commute

Virtual Tour

Building Information for 127 Agate Avenue

Building/Complex127 Agate AveFloor-Stories2Residences-Pet Policy-Year Built1925Building Size-

Payment Calculator

$12,126 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,233

Property Taxes

$1,893

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 127 Agate Avenue

Income / Expense / Tax Details
Income Details
  • Financing: Assumable
Tax / Assessment Info
  • Tax Tract Number: 00
  • Tax Lot: 00
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Biking, Park, Street Lights
Property / Structure Info
Interior Features
  • Room Type: Attic, Entry
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: None
  • Virtual Tour URL Unbranded: https://www.youtube.com/watch?v=Bb4JKttioXQ
Exterior Features
  • Structure Type: Triplex
  • Miscellaneous: Value in Land
  • View Description: Peek-A-Boo
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level, Value In Land
  • 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: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Balboa Island - Main Island (BALM)
  • Builders Tract Code: Balboa Island - Main Island (BALM)
  • Residential Styles: All Other Attached
  • Residential Unit Location: No Common Walls

Property History for 127 Agate Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 127 Agate Avenue

Taxable ValueLand$1,867,518Additions$83,232Total$1,950,750
Tax Record2023$22,713 ($1,893 / month)
Home Facts
Total Finished SqFt2,813 SqFtAbove Grade Finished SqFt2,813 SqFtStories2Lot Size2,550 SqFtStyleMiscellaneous CommercialYear Built1925CountyORANGEAPN050-043-25

Schools near 127 Agate Avenue

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Abraham Lincoln Elementary School
Public - K to 6
Corona Del Mar High School
Public - 7 to 12
Monte Vista High School
Public - K to 12
Back Bay High School
Public - 9 to 12
Rating
School
Distance
Abraham Lincoln Elementary School
PublicK to 6

Corona Del Mar High School
Public7 to 12

Monte Vista High School
PublicK to 12

Back Bay High School
Public9 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.

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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.

Listing Courtesy of Kristy S. Holt, Kristy Holt, DRE #01184014

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.