1209 West Balboa Boulevard

Newport Beach, CA 92661

$3,100,000
Price
5
Beds
5
Baths
2,066 Sq. Ft.
$1,500 / Sq. Ft.
2,066
Sq. Ft.
$1,500
per Sq. Ft.

Description

Development Opportunity: Two adjacent lots near the beach with a combined 6098 square feet of lot space in the 1st 100 block of Balboa Blvd., this unique offering at 1213 & 1209 W. Balboa Blvd. presents endless possibilities for investors and developers while generating almost $16,000 in combined monthly property income as you develop plans for future improvements. 1209 W. Balboa Blvd. features three spacious income apartments. The apartment homes include two 2-bedroom, 2-bath units—one upstairs...Development Opportunity: Two adjacent lots near the beach with a combined 6098 square feet of lot space in the 1st 100 block of Balboa Blvd., this unique offering at 1213 & 1209 W. Balboa Blvd. presents endless possibilities for investors and developers while generating almost $16,000 in combined monthly property income as you develop plans for future improvements. 1209 W. Balboa Blvd. features three spacious income apartments. The apartment homes include two 2-bedroom, 2-bath units—one upstairs and one downstairs—and a 1-bedroom, 1-bath unit located above the garages. The property also consists of a two-car garage, a one-car garage, and three tandem parking spots behind the garages. Tenants share the community laundry room located at 1209 W. Balboa Blvd. Together, these two lots provide a range of development opportunities. You could build your dream home, construct a home with an ADU, develop condos, or reconstruct and maintain them as income-generating apartments. Don’t miss this chance to own two side-by-side beach-close lots with incredible potential.
  1. Listed by Kurt Galitski • DRE #01348644 • Brokerage DRE #00616212 • Coldwell Banker Realty • 714-957-6677

Property Details for 1209 West Balboa Boulevard

View
Peek-A-Boo
Parking Spaces Total
6
Private Pool
No
Cooling Type
None
Total Units
3.0
Building Type
Attached
Lot Size Source
See Remarks
Lot Size Dimensions
31 103 31 103
LISTING UPDATED: 10/18/2024 05:21 AM

Property Details for 1209 West Balboa Boulevard

StatusActive
MLS #PW24187629
Days on Market70
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1952
Lot Size0.07 AC / 3,049 SF
CountyOrange County

Building Information for 1209 West Balboa Boulevard

Stories2Residences-Year Built1952Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 1209 West Balboa Boulevard

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $106,847
  • Gross Spendable Income: $93,553
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $106,847
  • Net Operating Income: $93,554
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $480
  • Gross Multiplier: 33.72
  • Cap Rate: 6.42
  • Current Financing: None
Expense Details
  • Operating Expense: $13,294
  • New Taxes Expense: $34,100
  • Fuel Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Electric Expense: $60
  • Insurance Expense: $1,609
  • Maintenance Expense: $1,438
  • Professional Management Expense: $10,611
  • Other Expense: $1,100
  • Other Expense Description: Repairs
  • Trash Expense: $20
  • Water Sewer Expense: $60
  • Supplies Expense: $0
  • Total Expenses: $13,294
Tax / Assessment Info
  • Tax Area: 07001
  • Tax Year: 2023
  • Tax Block: 12
  • Tax Tract: N-TRACT: 234 BLOCK: 12LOT
  • Tax Tract Number: 234
  • Tax Census Tract: 628.00
  • Taxes Percent: 2.00%
  • Tax Lot: 22
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments, Sewer Assessments, Buyer to Assume, Buyer to Verify
  • Community Features: Gutters
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Range, Water Heater
  • Equipment: Laundry Area
  • Interior Features: High Ceilings
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen
  • Bedroom Features: All Bedrooms Down, All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate
Exterior Features
  • Window Features: Blinds
  • Exterior Features: Rain Gutters
  • Entry Location: 1st and 2nd floors
  • Foundation Details: Slab
  • View Description: Peek-A-Boo
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Rectangular Lot
  • Number Of Units: 3
  • Improvements Percent: 36.00%
  • Land Lease: No
  • Land Lease Type: Fee
  • Land Value: $1,116,000.00
  • Road Surface Type: Alley Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (BALP)
  • Builders Tract Code: Balboa Peninsula (Residential) (BALP)
  • Personal Property Amount: $.00
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,160
  • Unit Type Total Rent: $3,160
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,520
  • Unit Type Total Rent: $2,520
  • Unit Type Pro Forma: 3300
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number With Dishwasher: 0
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Number With Carpet: 2
  • Number With Disposal: 3
  • Number Wall AC: 0

Property History for 1209 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 1209 West Balboa Boulevard

Taxable ValueLand$86,506Additions$48,642Total$135,148
Tax Record2024$3,048 ($254 / month)
Home Facts
Total Finished SqFt2,284 SqFtAbove Grade Finished SqFt2,284 SqFtStories2Lot Size3,184 SqFtStyleQuadraplexYear Built1952CountyORANGEAPN047-241-11

Schools near 1209 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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1209 West Balboa Boulevard is a mixed use property for sale in Newport Beach, CA 92661. This property was listed for sale on September 6, 2024 by Coldwell Banker Realty, it's currently listed at $3,100,000. 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. 1209 West Balboa Boulevard is a 5-bed, 5-bath, 2,066 sqft mixed use property built in 1952.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Kurt Galitski, DRE #01348644

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.