514 West Balboa Boulevard

Newport Beach, CA 92661

$1,165,000
Last Sold Price
3
Beds
3
Baths
2,364 Sq. Ft.
$493 / Sq. Ft.
2,364
Sq. Ft.
$493
per Sq. Ft.

Description

Location! Location! Location! This rare mixed use property is located near the Balboa Pier and Fun Zone. Just a short bike ride away from the historic Balboa Pavilion sits this 3 unit income property. Upstairs consists of a 2 bed/1bath and a 1 bed/1bath which are both currently tenant occupied on a month to month lease. The downstairs commercial unit is currently a restaurant that is doing some small renovating and should be ready to open next month. The commercial spot is tenant occupied with a...Location! Location! Location! This rare mixed use property is located near the Balboa Pier and Fun Zone. Just a short bike ride away from the historic Balboa Pavilion sits this 3 unit income property. Upstairs consists of a 2 bed/1bath and a 1 bed/1bath which are both currently tenant occupied on a month to month lease. The downstairs commercial unit is currently a restaurant that is doing some small renovating and should be ready to open next month. The commercial spot is tenant occupied with a multi year lease. This property also consists of a rooftop deck and has shared laundry in the garage. Buyer to verify square footage.

Property Details for 514 West Balboa Boulevard

Parking Spaces Total
0
Private Pool
No
Cooling Type
None
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2364
Assessor Parcel Number
048-071-10

Location

Listing Courtesy of Villa Real Estate, Christopher Maddy, DRE #01946797; Villa Real Estate, Scott Singer, DRE #01310519

Sold By Gatehouse Properties, Colin Delaney, DRE #01391590

Add your commute
LISTING UPDATED: 04/16/2015 06:49 AM

Property Details for 514 West Balboa Boulevard

StatusClosed
MLS #NP14215824
Days on Market183
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.05 AC / 2,178 SF
CountyOrange County

Location

Listing Courtesy of Villa Real Estate, Christopher Maddy, DRE #01946797; Villa Real Estate, Scott Singer, DRE #01310519

Sold By Gatehouse Properties, Colin Delaney, DRE #01391590

Add your commute

Building Information for 514 West Balboa Boulevard

Stories-Residences-Year Built1964Building Size-Lot Size0.05 AC / 2,178 SF

Payment Calculator

$8,550 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,358

Property Taxes

$2,192

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 514 West Balboa Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $4,650
  • Gross Scheduled Income: $55,200
  • Net Operating Income: $0
  • Financing: Conventional
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
Tax / Assessment Info
  • Tax Tract Number: 219
  • Tax Lot: 15
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Storm Drains
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Garage
  • Cooling: None
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Fence: None
  • Fencing: None
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Number Of Units: 3
  • Land Lease Type: Fee
  • Road Frontage Type: Alley
  • Water: District
  • Sewer: In Connected and Paid
  • Utilities: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula
  • Builders Tract Code: Balboa Peninsula
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1600
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 1850
  • Unit Type Area Units: Square Feet
  • 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: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1200
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 514 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 514 West Balboa Boulevard

Taxable ValueLand$2,236,860Additions$204,000Total$2,440,860
Tax Record2023$26,302 ($2,192 / month)
Home Facts
Total Finished SqFt2,364 SqFtAbove Grade Finished SqFt2,364 SqFtStories2Lot Size2,109 SqFtStyleStoresYear Built1964CountyORANGEAPN048-071-10

Schools near 514 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.

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 Villa Real Estate, Christopher Maddy, DRE #01946797; Villa Real Estate, Scott Singer, DRE #01310519

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.