216 East Balboa Boulevard

Newport Beach, CA 92661

$2,620,000
Last Sold Price
4
Beds
4
Baths
1,610 Sq. Ft.
$1,627 / Sq. Ft.
1,610
Sq. Ft.
$1,627
per Sq. Ft.

Description

RARE FIND CHARMING (4) UNITS, Prime Location on the Center of Balboa Peninsula. This Well Maintained Unique Income Property Walking Distance to Beach, Bay and Most of the Amenities. Fully Occupied with Much Upside of Rent. Super easy to Rent. Sold "as is" for ease of Transaction. All Units feature One Bed Room and One Full Bath with Skylights (Except for unit A). Laminated Wood Floor and Double Panel Windows Throughout. All the Units are in Good Condition with Updated Plumbing and Electrical. This...RARE FIND CHARMING (4) UNITS, Prime Location on the Center of Balboa Peninsula. This Well Maintained Unique Income Property Walking Distance to Beach, Bay and Most of the Amenities. Fully Occupied with Much Upside of Rent. Super easy to Rent. Sold "as is" for ease of Transaction. All Units feature One Bed Room and One Full Bath with Skylights (Except for unit A). Laminated Wood Floor and Double Panel Windows Throughout. All the Units are in Good Condition with Updated Plumbing and Electrical. This is an Excellent Income Property with Great Appreciation in Value. For Short Term Rental or Future Development, Please check and Verify with the City and Local Authority.
  1. Listed by Jennifer Chow • DRE #00929968 • Brokerage DRE #00929968 • Napoli R.E. & Property Mgt.

Property Details for 216 East Balboa Boulevard

Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1610
Assessor Parcel Number
048-091-20

Location

Listing Courtesy of Napoli R.E. & Property Mgt., Jennifer Chow, DRE #00929968

Sold By Stonewood Real Estate, Jodi DiTolla, DRE #01969994

Add your commute
LISTING UPDATED: 04/01/2022 12:36 AM

Property Details for 216 East Balboa Boulevard

StatusClosed
MLS #PW22031544
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.05 AC / 2,361 SF
CountyOrange County

Location

Listing Courtesy of Napoli R.E. & Property Mgt., Jennifer Chow, DRE #00929968

Sold By Stonewood Real Estate, Jodi DiTolla, DRE #01969994

Add your commute

Building Information for 216 East Balboa Boulevard

Stories-Residences-Year Built1926Building Size-Lot Size0.05 AC / 2,361 SF

Payment Calculator

$16,719 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,298

Property Taxes

$2,421

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 216 East Balboa Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $99,960
  • Net Operating Income: $0
  • Laundry Income: $800
  • Financing: Cash
Expense Details
  • Operating Expense: $0
  • Gardener Expense: $840
  • Fuel Expense: $660
  • Electric Expense: $480
  • Insurance Expense: $1,095
  • Trash Expense: $0
  • Water Sewer Expense: $1,250
  • Total Expenses: $4,275
Tax / Assessment Info
  • Tax Block: 4
  • Tax Tract Number: 510
  • Tax Census Tract: 628.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Equipment: Laundry Area, Refrigerator, Room
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: None
  • Heating: None
  • Heat Equipment: N/K
  • Flooring: Laminate
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,395
  • Unit Type Total Rent: $2,395
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,995
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,995
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,945
  • Unit Type Total Rent: $1,945
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Range: 4
  • Number With Refrigerator: 4

Property History for 216 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 216 East Balboa Boulevard

Taxable ValueLand$2,617,509Additions$54,891Total$2,672,400
Tax Record2023$29,053 ($2,421 / month)
Home Facts
Total Finished SqFt1,610 SqFtAbove Grade Finished SqFt1,610 SqFtLot Size2,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1926CountyORANGEAPN048-091-20

Schools near 216 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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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 Napoli R.E. & Property Mgt., Jennifer Chow, DRE #00929968

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.