RealKey
‪(213) 433-7766‬

1113 W Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - 6 bed, 4 bath

1113 W Balboa Boulevard, Newport Beach, California 92661 home-pic-0
ACTIVE$3,945,000
1113 W Balboa Boulevard, Newport Beach, California 92661
6Beds
4Baths
2,100Sqft
3,154Lot

Price Vs. Estimate

The estimated value ($3,907,662.76) is $37,337.24 (0%) lower than the list price ($3,945,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Age of Structure: Built in 1929, despite extensive remodeling, the underlying older construction may present potential for unforeseen maintenance or infrastructure issues over time.

Compared to the nearby listings

Price:$3.94M vs avg $4.00M ($-55,000)46%
Size:2,100 sqft vs avg 2,046 sqft58%
Price/sqft:$1.9K vs avg $2.7K23%

More Insights

Built in 1929 (96 years old).
Condition: Despite being built in 1929, the property has been 'totally remodeled from stem to stern' as stated in the description, and the images confirm a very recent and extensive renovation. Both kitchens feature modern white cabinetry, stainless steel appliances, and updated countertops. Bathrooms are fully updated with contemporary vanities, subway tile, and modern fixtures. The property boasts new-looking LVP flooring throughout, modern light fixtures, and appears to be in virtually new condition with no visible deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Year Built
1929
Close
-
List price
$3.94M
Original List price
$4.29M
Price/Sqft
$1,879
HOA
-
Days on market
-
Sold On
-
MLS number
OC25007733
Home ConditionExcellent
Features
Good View: City Lights, Peek-A-Boo
Patio
ViewCity Lights,Peek-A-Boo

About this home

What a dream come true to own one of the best locations on the Balboa Peninsula and a property that has TWO ACTIVE SHORT TERM LODGING PERMITS. This duplex is situated between the Newport and Balboa Piers, just one house from the ocean and just a short block away from the Balboa Bay! 1113 W. Balboa has a fabulously large lot...31 X 103... can suite many buyers needs. Property is zoned R2 Single.. Totally remodeled from stem to stern. The front cottage is 3 bedrooms and two bathrooms, not all bedrooms have closets, wardrobes have been provided and laundry facilities. Not only do you have a a front garden, you have a private back patio/yard for BBQ-ing. The back cottage is remarkable... in the sense that you have three stories, from the second floor kitchen you have a peek of the ocean and from the third story loft/family room your view is fairly lovely. Once again, the back cottage has been totally remodeled, like living in a coastal cottage 'treehouse'. This property has an attached garage with laundry facilities. All furnishings are included for both properties.

Nearby schools

9/10
Newport Elementary School
Public,•PK-6•0.2mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.9mi
7/10
Newport Harbor High School
Public,•9-12•1.3mi
Condition Rating
Excellent
Despite being built in 1929, the property has been 'totally remodeled from stem to stern' as stated in the description, and the images confirm a very recent and extensive renovation. Both kitchens feature modern white cabinetry, stainless steel appliances, and updated countertops. Bathrooms are fully updated with contemporary vanities, subway tile, and modern fixtures. The property boasts new-looking LVP flooring throughout, modern light fixtures, and appears to be in virtually new condition with no visible deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Exceptional Location: Situated on the highly desirable Balboa Peninsula, just one house from the ocean, between Newport and Balboa Piers, and a short block from Balboa Bay, offering unparalleled access to coastal amenities.
Significant Income Potential: Comes with two active short-term lodging permits and a duplex configuration, providing excellent opportunities for rental income or multi-generational living.
Turnkey & Fully Remodeled: The property has been 'totally remodeled from stem to stern' and includes all furnishings for both units, making it move-in or rental-ready without immediate additional investment.
Ocean Views: The back cottage offers 'peek of the ocean' from the second-floor kitchen and a 'fairly lovely' view from the third-story loft/family room, enhancing its coastal appeal.
Generous Lot Size & Outdoor Space: Features a 'fabulously large lot' (31 X 103) for the area, including a front garden and a private back patio/yard perfect for BBQ-ing.

Cons

Age of Structure: Built in 1929, despite extensive remodeling, the underlying older construction may present potential for unforeseen maintenance or infrastructure issues over time.
Non-Standard Bedroom Closets: The front cottage has bedrooms without built-in closets, requiring wardrobes, which might be a functional drawback for some occupants or long-term residents.
Price Reduction History: The property has undergone a significant price reduction from its original list price ($4.295M to $3.945M), which could indicate initial overpricing or challenges in attracting buyers at a higher valuation.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state