2711 West Balboa Boulevard

Newport Beach, CA 92663

$3,649,000
Price
5
Beds
4
Baths
2,474 Sq. Ft.
$1,475 / Sq. Ft.
2,474
Sq. Ft.
$1,475
per Sq. Ft.

Description

Discover authentic coastal living in the heart of the picturesque Balboa Peninsula. Located a mere ten homes away from the beach within the famed 100 block, and moments from Newport Beach's radiant sands and shimmering sea, this premier parcel epitomizes flexibility. Your dream beach home is now attainable. Enjoy it when you wish and rent it when you choose. This dual-offering presents a perfect blend of significant income potential and personal beachside luxury. The property, covering nearly 2,474...Discover authentic coastal living in the heart of the picturesque Balboa Peninsula. Located a mere ten homes away from the beach within the famed 100 block, and moments from Newport Beach's radiant sands and shimmering sea, this premier parcel epitomizes flexibility. Your dream beach home is now attainable. Enjoy it when you wish and rent it when you choose. This dual-offering presents a perfect blend of significant income potential and personal beachside luxury. The property, covering nearly 2,474 square feet, features two fully furnished units and has been extensively remodeled and re-piped in 2020, with a new roof added in 2024. Introduced by a private staircase, Unit B radiates elegance and style. With three bedrooms and two bathrooms, it features a spacious dining area and a balcony perfect for BBQ evenings. Boasting dramatic tongue-and-groove vaulted ceilings, sun-filled skylights, charming Dutch entry doors, and custom designer tiles, along with fresh paint and new flooring in 2024, every aspect of this home radiates sophistication. On the ground floor, Unit A is a contemporary gem with an open-plan design. Featuring two bedrooms and two bathrooms, this home is enhanced with upgrades including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinetry, designer subway tile backsplashes, fresh paint (2024), and impeccable countertops. 2711 W Balboa isn't merely a residence; it's a remarkable opportunity. With two short-term rental permits in hand, it boasts a cap rate of approximately 3%, offering considerable upside potential. Situated near iconic beaches, world-class dining, and the renowned Fashion Island Shopping center, this property is both a golden chance for steady income and a beachside paradise. Embrace the flexibility and make the beach both your backyard and your business.
  1. Listed by Greg Blake • DRE #01227057 • Brokerage DRE #00616212 • Coldwell Banker Realty • 949-500-8684
  2. Listed by Tim Smith • DRE #01346878 • Brokerage DRE #00616212 • Coldwell Banker Realty

Property Details for 2711 West Balboa Boulevard

View
Neighborhood
Parking Spaces Total
2
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2474

Location

Listing Courtesy of Coldwell Banker Realty, Greg Blake, DRE #01227057; Coldwell Banker Realty, Tim Smith, DRE #01346878
Add your commute
LISTING UPDATED: 03/12/2024 10:17 AM

Property Details for 2711 West Balboa Boulevard

StatusActive
MLS #NP23179029
Days on Market197
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.05 AC / 2,178 SF
CountyOrange County

Location

Listing Courtesy of Coldwell Banker Realty, Greg Blake, DRE #01227057; Coldwell Banker Realty, Tim Smith, DRE #01346878
Add your commute

Building Information for 2711 West Balboa Boulevard

Stories2Residences-Year Built1972Building Size-Lot Size0.05 AC / 2,178 SF

Payment Calculator

$22,335 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,914

Property Taxes

$2,421

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2711 West Balboa Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $154,433
  • Gross Scheduled Income: $204,000
  • Vacancy Allowance Rate: 10
  • Net Operating Income: $108,600
  • Cap Rate: 2.98
Expense Details
  • Operating Expense: $75,000
  • New Taxes Expense: $38,315
  • Cable TV Expense: $2,000
  • Fuel Expense: $1,200
  • Electric Expense: $3,538
  • Insurance Expense: $1,628
  • Trash Expense: $0
  • Water Sewer Expense: $1,012
  • Total Expenses: $74,269
Tax / Assessment Info
  • Tax Tract Number: 0
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 2
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Freezer, Gas Oven, Gas Cooktop, Microwave, Refrigerator
  • Equipment: Dishwasher, Freezer, Garage, Gas Or Electric Dryer Hookup, Microwave, Refrigerator
  • Interior Features: Balcony, Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting, Tile Counters
  • Room Type: Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Bedroom Features: Main Floor Bedroom, WalkInCloset
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Vinyl
Exterior Features
  • Door Features: Mirror Closet Door(s)
  • Window Features: Blinds, Skylight(s)
  • Exterior Features: Barbecue Private
  • Entry Location: 1
  • Property Condition: Turnkey
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Paved
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Lido Peninsula
  • Builders Tract Code: Lido Peninsula (LIPN)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $106,949
  • Unit Type Total Rent: $106,949
  • Unit Type Pro Forma: 119345
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $75,863
  • Unit Type Total Rent: $75,863
  • Unit Type Pro Forma: 84656
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 2711 West 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 2711 West Balboa Boulevard

Taxable ValueLand$2,288,880Additions$348,534Total$2,637,414
Tax Record2023$29,055 ($2,421 / month)
Home Facts
Total Finished SqFt2,474 SqFtAbove Grade Finished SqFt2,474 SqFtStories2Lot Size2,090 SqFtStyleDuplexYear Built1971CountyORANGEAPN047-092-33

Schools near 2711 West 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.

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2711 West Balboa Boulevard is a multi-family home for sale in Newport Beach, CA 92663. This property was listed for sale on September 11, 2023 by Coldwell Banker Realty, it's currently listed at $3,649,000. It has been on the market for a total of 197 days and was last sold on June 2, 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. 2711 West Balboa Boulevard is a 5-bed, 4-bath, 2,474 sqft multi-family home built in 1972.

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 Coldwell Banker Realty, Greg Blake, DRE #01227057; Coldwell Banker Realty, Tim Smith, DRE #01346878

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.