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$2,800,000

1613 W Balboa Boulevard
Newport Beach, CA 92663

For Sale|Multi-Family|Active
0 Beds
0 Baths
SqFt
Built in 1961
110 Days Online
$Infinity/SqFt
Subdivision:
Balboa Peninsula (Residential) (BALP)
County:
Orange

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 949.607.8122
Is this the home for you? We can help make it yours.
949.607.8122
1613 W Balboa Boulevard1613 W Balboa Boulevard1613 W Balboa Boulevard
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Click the VT Icon(Virtual Tour) above to view the video presentation of this property first before reading the rest. It helps gain an overall perspective and standing of the property in this great marina city. Directly situated at the city's Marina Park harbor and with a panoramic view of the harbor and distant mountains from the second floor balcony, this newly remodeled duplex property is a super star to own, to live in, or to manage! Owner bought this 2400 square feet jewel and totally re-modeled both units including the addition of ore than 200 square feet living space to the upper-floor unit. Just several dozen steps from the beach sands, the fully furnished units, each has with two-bedrooms with its own heating unit. Its 4-car garage space is particularly precious in this part of the peninsula. The duplex is under a single APN using two separate addresses: 1613 W. Balboa Blvd. and 1613 1/2 W. Balboa Blvd. Both suites feature newly installed tile and laminated flooring, granite counter top, custom made fine cabinetry and premium appliances. This is a great opportunity for a turn-key investment or support a marina life-style in a cozy beach home with plenty of space for guests, or both.

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Listing Snapshot
Price
$2,800,000
Days Online
110 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Partial Baths
N/A
Lot Size
0.06 Acres
Year Built
1961
MLS Number
IV19278765
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
17 hours agoListing updated with changes from the MLS
4 months agoListing first seen online
General Features
Architectural Style
Contemporary
Property Sub Type
Commercial/Residential
Parking Features
GarageGarage Faces RearGarage - Two DoorGarage Door OpenerOff StreetPublicStreet
Stories
Two
Sewer
Public Sewer
Utilities
Cable AvailableCable ConnectedElectricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected
Foundation
Slab
Listing Conditions
Standard
Interior Features
Cooling
Wall/Window Unit(s)ElectricSee Remarks
Heating
CentralWall Furnace
Fireplace
Yes
Fireplace Details
See Remarks
Flooring
LaminateTile
Appliances
BarbecueSelf Cleaning OvenConvection OvenDishwasherFree-Standing RangeDisposalGas OvenGas CooktopRefrigeratorTankless Water HeaterVented Exhaust FanWater Heater
More Interior Features
2 StaircasesBalconyCeiling Fan(s)Crown MoldingGranite CountersRecessed LightingTandem
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Exterior Features
Pool
No
Pool Features
None
View
HarborMarinaOcean
Roof
ClayShingle
Lot Features
0-1 Unit/AcreLevel with StreetRectangular LotLevelNo LandscapingPark NearbyWalkstreet
Waterfront Features
Across the Road from Lake/OceanBeach AccessMarina in CommunityOcean AccessOcean FrontSea Front
More Exterior Features
LightingSatellite Dish
Community Features
MLS Area
NP - Balboa Peninsula
On-Site Laundry
Yes
Laundry Features
Dryer IncludedGas & Electric Dryer HookupIn CarportSee RemarksWasher HookupWasher Included
Senior Community
No
Amenities
GasTrashUtilitiesSewerWaterHot Water
Security Features
Carbon Monoxide Detector(s)Security LightsSmoke Detector(s)
More Community Features
Street Lights
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of PHILIP CHANG 01924551 with DYNASTY REAL ESTATE 01523278



This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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Balboa Island Real Estate by Category

Off- Market Opportunities

In this competitive real estate market on Balboa Island, a lot of properties get sold prior to being listed on the MLS. Smart buyers are not waiting for a home to hit the market and then compete with all of the other home buyers. Instead, they are seeking out off-market opportunities. These are homeowners that have said they are interested in selling if they got a certain price or plan on bring the home on the market in the future (once a tenant moves out, divorce is finalized, or they locate their next property). It could be a number of things. Working with a local realtor that specializes in Balboa Island is critical, when it comes to off-market options. A realtor that is specifically focused on Balboa Island properties will have the inside scoop from owners, neighbors and the few other realtors that have a grasp on selling homes on Balboa Island.  If you have been struggling to find a home on the island, please contact me so I can make you aware of upcoming properties before they are listed for sale on the open market. Contact me at steve@balboaisland.com or 949-607-8122 to let me know what you are looking for.

View Balboa Island Real Estate for sale! Discover luxury bay front homes, cottages, investment properties, vacation rentals and more! Search now. Interested in purchasing property on beautiful Balboa Island? Let a qualified Balboa Island Realtor navigate you through purchasing the the right property, and maybe help add it to the rental market here!

Balboa Island Homes For Sale Listing Alerts

In this competitive real estate market, every second counts! If you are interested in buying a home on the island, you need to be alerted the second a new listing hits the market. You also need to know of price reductions properties already listed for sale. We have an alert system that will update you immediately when a home is listed for sale or has a price reduction. Sign up and be the first to know so you can secure your dream property before other buyers.  If you have been thinking about selling your home on Balboa Island in the near future, this is a great way to stay on top of the market.  When you get the email that a new home is for sale, you can check it out during the open house and get an idea of how your home compares.

Monthly Balboa Island Real Estate Market Report

Balboa Island Real Estate Market Report Homes For Sale New Listings Just Sold on Balboa Island Home Value EstimateOur monthly Balboa Island Real Estate report is a beautiful overview of what is going on specifically on the island. You will get one email per month with a easy to understand overview of transactions, pricing, and more. We will show you the median sales price over the last 6 months along with average days on market per listing. We also calculate a sale-to-list price ratio for all listings. For example, the current “Sale-to-List Price” for Feb 2018 is 89%, which means homes are selling 9% below their listing prices. We also report the number of homes that are active for Balboa Island along with the number of new listings and sold listings within the last 30 days.  This is the latest Balboa Island Market Report. If you would like to receive it monthly, click the Sign Up Button at the top left! And please, reach out to me anytime you would like to chat about the market or get an idea about buying or selling a home on Balboa Island. I would love to meet you and provide some insight.

Location! Location! Location!

This frequently mentioned “location, location, location” is hands-down the most critical component when buying a home and even more so when buying a home on Balboa Island. Obviously the location is critical in any community, but on Balboa Island there are numerous things to consider that most out of area buyers are not aware of. There is nothing worse than purchasing a home on the island, only to realize after you move in that there are some critical flaws with your location. Location is what you are buying as it is the one thing you cannot change. Everything else can be changed!

A realtor like myself, that knows Balboa Island from a resident’s perspective can give you the inside information on what you will experience based on location. What are some examples? Balboa Island is unique to every other community in Newport Beach. The island is a tourist destination. There are roughly 6,000 people on the island. Only 40% of the island is full time residents! This means 60% of the homes are vacation rentals or vacation homes for owners that have a primary residence out of the area. Vacation rentals are essentially motels. Depending on your use of the property, this type of ownership use might matter to you.

When it comes to location, tourists and residents flock to Marine Ave for dining and shopping. If you live on Grand Canal on the big island or the west side of Onyx, you should consider the alley traffic that delivers to all of the local businesses on Marine Ave.  Onyx Ave in general will have a lot of traffic, especially in the 200 block as residents use that to drive off the island quicker than being stuck on marine avenue. If you want to be close to the amenities of Marine Ave but not have issues with traffic and street parking, than you might consider paying a slight premium for a home on the little island.

On the big island, some streets are wider than others. Narrow streets can make it a bit more difficult to parallel park and drive safely.  At the end of the big island you can find parking with ease, but you are 1 mile from Marine Ave, so if you want to grab a Starbucks or visit the Village Inn, you’ll want to consider the time to walk, bike or purchase a golf cart. If you are buying in the 100 block of Agate, you or the 200 and 300 blocks of Marine, you will want to consider the exhaust that comes from cars waiting for the ferry of coming on and off the island.

If you wantBalboa Island Home For Sale Real Estate Waterfront Grand Canal Bayfront Water View Dock a water view or to buy for a boat location in the harbor, you will want to consider the big differences between properties on the North and South Bay Front. South Bay Front Sidewalks from Agate to Marine Avenue are going to have much more foot traffic than anywhere on the bay-front. At the same time, this South Bayfront is the most central location to the harbor and provides the most expansive water views and views of the Harbor Pavilion, Ferris Wheel, and Sunsets. North Bayfront is going to have much less vessel traffic. You will experience sunrises rather than sunsets and you have the wonderful Ruby beach…  There are so many things to consider when it comes to the location of a home on Balboa Island. Let me know what is important to you and I can make sure you end up where you want to be!

Current Values of Homes and Lots For Sale on Balboa Island

Balboa Island Tear Down For Sale Lot Value Real Estate on Balboa Island 2 UnitsHere are some current average prices on Balboa Island. Your average tear-down/lot value for an interior lot will sell for 1.9m-2m. It’s 3,800,000 for a tear-down on North Bay Front and closer to 4.5 million on South Bay Front. East Bay Front and Collins Island demand a premium. New construction, on interior lots, is selling for 3.8-4.2 million. Most 5-10 year old homes are selling for 3-3.5m at this time. Duplexes/Rental Properties that are not necessarily tear-downs, and have some value in the structure, are selling for 2.5-3m depending on the condition and location. If you would like to get a good understanding of the current value of your Balboa Island property, please contact me so I can tour it and show you the latest comparable sales. We may be able to sell it for a premium as an off-market opportunity or list it and market it to our massive traffic on balboaisland.com and our social media following! This website gets twice as much real estate traffic as Zillow and we have over 15,000 followers on social media!

Nearby Communities in Newport Beach

Not sure if Balboa Island is the ideal place to call home? Learn more about the other nearby communities! From islands to coves and the peninsula, we can help you get a better understanding of what the lifestyle looks like in each community and how they compare to others.  We breakdown each community discussing the number of homes, HOA (if any), zoning for commercial businesses and vacation rentals, private access and many more things! Learn More