603 E Balboa Boulevard
Newport Beach, CA 92661
MLS #LG16712340

Income
  • 2units
  • 2,480sq ft
$2,385,000
Est. P&I payment: $9109.08/mo
603 E Balboa Boulevard, Newport Beach, CA 92661
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 1
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 2
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 3
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 4
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 5
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 6
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 7
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 8
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 9
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 10
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 11
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 12
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 13
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 14
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 15
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 16
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 17
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 18
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 19
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 20
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 21
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 22
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 23
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 24
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 25
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 26
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 27
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 28
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 29
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 30
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 31
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 32
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 33
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 34
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 35
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 36
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 37
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 38
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 39
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 40
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 41
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 42
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 43
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 44
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 45
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 46
  • 603 E Balboa Boulevard, Newport Beach, CA 92661 Photo 47
Share  
Description for 603 E Balboa Boulevard, Newport Beach, CA 92661
A rare 3 story live/work space in the heart of Balboa, with amazing views of the ocean, bay, Balboa Pavilion and the sparkling lights across the water. This unique contemporary building features retail space and garages for 6 cars on the ground floor. The top two floors consist of a 3 bedroom, 3 bath home with two fireplaces, indoor and exterior staircases, a flexible floor plan and expansive decks off of both levels to enjoy the panoramic vistas and ocean breezes. Live and work just steps from restaurants, shopping, beachside activities, the Balboa Pier, the historic Newport Pavilion, and the charming Balboa Ferry. So many uses- ideal for an owner/user as a full time home above your business, a perfect beach getaway or a short or long term rental with lots of upside potential. Projected rent of $7000 for residence, $2200 retail/office. Just steps to all Balboa has to offer! Built in 1991, this is the first time on the market, and a rare find. Call for a private showing or more information regarding this one of a kind jewel!
MLS #LG16712340
Tour This Property In Person
Request a Showing
 

My Notes for MLS #LG16712340

General Features

  • Number Of Buildings: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Year Built: 1991
  • Year Built Source: Builder
  • Elevation Units: Feet
  • Subdivision Name: Balboa Peninsula (Commercial) (BPCD)
  • Subdivision Name Other: Balboa Peninsula (Commercial) (BPCD)
  • Number With Carpet: 1
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Drapes: 1
  • Number With Patio: 1
  • Number With Range: 1
  • Number With Refrigerator: 1

Exterior Features

  • Construction Materials: Stucco
  • Roof: Shingle
  • Stories Total: 3
  • Uncovered Spaces: 1
  • Waterfront Features: Across the Road from Lake/Ocean,​Ocean Side of Freeway,​Ocean Side Of Highway 1
  • Fencing: None
  • Lot Features: Lot Shape-Rectangular,​Lot-Level/Flat,​Near Public Transit,​Park Nearby
  • Lot Size Dimensions: 27x95
  • Lot Size SqFt: 2,565
  • Lot Size Units: Square Feet
  • View YN: 1
  • View: Bay,​City Lights,​Harbor,​Neighborhood,​Ocean,​Water
  • Accessibility Features: None
  • Direction Faces: North
  • Door Features: Sliding Glass Door(s)
  • Garage Spaces: 6
  • Parking YN: 1
  • Parking Features: Assigned,​Garage,​Direct Garage Access,​Garage Door Opener
  • Parking Total: 7
  • Pool Features: None
  • Architectural Style: Contemporary
  • Common Walls: No Common Walls

Interior Features

  • Flooring: Carpet
  • Foundation Details: Slab
  • Interior Features: 2 Staircases,​Balcony,​Built-Ins,​Cathedral-Vaulted Ceilings,​Ceramic Counters,​Living Room Balcony
  • Levels: Three Or More
  • Room Type: Kitchen,​Living Room,​Master Bathroom,​Master Bedroom,​Walk-In Closet
  • Spa Features: None
  • Fireplace YN: 1
  • Fireplace Features: Living Room,​Gas,​Gas Starter
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area: 1,920
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area: 560
  • Average Studio Area Units: Square Feet

Utility Features

  • Cooling YN: 1
  • Cooling: Central
  • Heating YN: 1
  • Heating: Forced Air
  • Laundry Features: None
  • Utilities: Phone Connected,​Sewer Connected,​Water Connected
  • Water Source: Public
  • Road Frontage Type: Alley,​City Street
  • Road Surface Type: Alley Paved
  • Sewer: Sewer Paid
  • Appliances YN: 1
  • Appliances: Dishwasher,​Garbage Disposal,​Gas Stove,​Gas Water Heater,​Microwave
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Financial Features

  • Gross Scheduled Income: 1,756
  • Insurance Expense: 2,000
  • Net Operating Income: 1,506
  • Operating Expense: 250
  • Price Per SqFt: 961.69
  • Total Expenses: 3,000
  • Trash Expense: 1,000
  • Gross Equity: 2,395,000
  • Tax Block: 8
  • Tax Lot: 2
  • New Taxes Expense: 27,500
  • Total Actual Rent: 1,756

Community Features

  • Community Features: Curbs,​Gutters,​Sidewalks,​Storm Drains,​Street Lighting

Miscellaneous Features

  • Building Area Total: 2,480
  • Building Area Units: Square Feet
  • Days On Market: 444
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 444
  • Lot Dimensions Source: Public Records
  • Tax Census Tract: 628
  • Tax Tract Number: 104

Location

 
Street View Not Available
Directions to 603 E Balboa Boulevard, Newport Beach, CA 92661
Balboa Blvd to Palm
Listing information for 603 E Balboa Boulevard, Newport Beach, CA 92661 was graciously provided by our friends at the listing brokerage, HOM Sotheby's International Re and by listing agent Lee Victoria DRE# 00664250 and Barker Brad DRE# 01197354

Get Financing for 603 E Balboa Boulevard, Newport Beach, CA 92661

($ or %)
%
P&I Payment $9109.08
Request More Listing Information
Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/21/2018 at 6:08am
Agent Login    |    Powered by Onjax
Create Free Account or
Tina Casen
By using our site, users agree
to the terms and privacy policy
Equal Housing Opportunity Realtor MLS
Sign-In or