514 West Balboa Boulevard

Newport Beach, CA 92661

$2,393,000
Last Sold Price
3
Beds
4
Baths
2,364 Sq. Ft.
$1,012 / Sq. Ft.
2,364
Sq. Ft.
$1,012
per Sq. Ft.

Description

Magnificent mix use building in prime Newport Beach peninsula. Only steps to the beach and bay in a most coveted neighborhood. First commercial level is a fully renovated restaurant with permitted patio leased at $4,500 until June 2023. Can also be modified into two NNN rentals. There is also three separate one car garages for each tenant. Second residential level consists of two furnished units rented month to month, 2 bedroom one bath at $3,600 (was rented for $3200) and a one bedroom one bath...Magnificent mix use building in prime Newport Beach peninsula. Only steps to the beach and bay in a most coveted neighborhood. First commercial level is a fully renovated restaurant with permitted patio leased at $4,500 until June 2023. Can also be modified into two NNN rentals. There is also three separate one car garages for each tenant. Second residential level consists of two furnished units rented month to month, 2 bedroom one bath at $3,600 (was rented for $3200) and a one bedroom one bath at $2,600 per month. Third level consists of a very large shared rooftop deck with some beach and city views.
  1. Listed by Jonathan Minerick • DRE #01523060 • Brokerage DRE #01888948 • Homecoin.com

Property Details for 514 West Balboa Boulevard

View
City Lights, Ocean, Peek-A-Boo
Parking Spaces Total
4
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Seller
Living Area
2364
Assessor Parcel Number
048-071-10

Location

Listing Courtesy of Homecoin.com, Jonathan Minerick, DRE #01523060

Sold By None MRML, NONE NONE, DRE #N/A

Add your commute
LISTING UPDATED: 03/07/2022 08:08 AM

Property Details for 514 West Balboa Boulevard

StatusClosed
MLS #TR21197650
Days on Market169
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1960
Lot Size0.05 AC / 2,178 SF
CountyOrange County

Location

Listing Courtesy of Homecoin.com, Jonathan Minerick, DRE #01523060

Sold By None MRML, NONE NONE, DRE #N/A

Add your commute

Building Information for 514 West Balboa Boulevard

Stories2Residences-Year Built1960Building Size-Lot Size0.05 AC / 2,178 SF

Payment Calculator

$15,252 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,060

Property Taxes

$2,192

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 514 West Balboa Boulevard

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $10,700
  • Gross Scheduled Income: $132,000
  • Net Operating Income: $129,500
  • Financing: Cash, Cash To New Loan
Expense Details
  • Operating Expense: $2,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $5,500
  • Trash Expense: $0
  • Water Sewer Expense: $350
  • Total Expenses: $5,850
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 219
  • Tax Census Tract: 628.00
  • Tax Lot: 15
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Dog Park, Fishing, Hiking, Park, Watersports, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Interior Features: In-Law Floorplan, Beamed Ceilings, Block Walls
  • Room Type: All Bedrooms Up
  • Bedroom Features: All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: Common Area, Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Garage, Washer Hookup
Exterior Features
  • Construction Materials: Block
  • Exterior Construction: Block
  • Exterior Features: Barbecue Private
  • Roof: Common Roof
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • View Description: City Lights, Ocean, Peek-A-Boo
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Fishing in Community, Ocean Access
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Rectangular Lot, Park Nearby
  • Direction Faces: Southwest
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Electric: 220 Volts in Garage, 220 Volts in Kitchen, Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned, Garage - 3 Car
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned, Garage - Three Door
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (BPCD)
  • Builders Tract Code: Balboa Peninsula (Commercial) (BPCD)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,500
  • Unit Type Total Rent: $4,500
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • 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.

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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. 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 Homecoin.com, Jonathan Minerick, DRE #01523060

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.