3709 W Balboa, Newport Beach, California 92663, Newport Beach, 92663 - 2 bed, 2 bath
ACTIVE$2,595,000
3709 W Balboa, Newport Beach, California 92663
2Beds
2Baths
817Sqft
2,230Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
As-Is Sale Condition: The property is being sold 'as-is' with 'seller to make no repairs,' indicating potential for significant immediate repair or renovation expenses for the buyer.
Compared to the nearby listings
Price:$2.60M vs avg $3.17M ($-570,000)20%
Size:817 sqft vs avg 2,390 sqft4%
Price/sqft:$3.2K vs avg $1.5K96%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947 and described as an 'original duplex' with no apparent major renovations in over 70 years. The interior images show extremely worn carpet and heavily scratched, discolored hardwood floors. The listing explicitly states the property is being sold 'as-is' with 'seller to make no repairs,' and highlights 'strong future potential for building or redevelopment,' indicating the value is primarily in the land. The lack of kitchen and bathroom photos, combined with the age and 'original' status, strongly suggests these areas are in very poor, outdated condition, requiring complete demolition and rebuild to meet modern standards and expectations.
Year Built
1947
Close
-
List price
$2.6M
Original List price
$2.69M
Price/Sqft
$3,176
HOA
-
Days on market
-
Sold On
-
MLS number
NP25246724
Home ConditionTear down
Features
Good View: Park/Greenbelt, Peek-A-Boo
ViewPark/Greenbelt, Peek-A-Boo
About this home
Original duplex on a 25' x 90' R-2 lot —Each unit 1BD/1BA up + 1BD/1BA down—with two detached single-car garages. Laundry in garages. Prime Peninsula location with strong future potential for building or redevelopment. Trust sale: agent(s) related to Trustee. Property being sold as-is; seller to make no repairs. Do not disturb tenants. Lease information on file at the listing office.
Nearby schools
8/10
Newport Heights Elementary School
Public,•K-6•1.1mi
9/10
Newport Elementary School
Public,•PK-6•1.2mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.1mi
7/10
Newport Harbor High School
Public,•9-12•1.3mi
Condition Rating
Tear down
Built in 1947 and described as an 'original duplex' with no apparent major renovations in over 70 years. The interior images show extremely worn carpet and heavily scratched, discolored hardwood floors. The listing explicitly states the property is being sold 'as-is' with 'seller to make no repairs,' and highlights 'strong future potential for building or redevelopment,' indicating the value is primarily in the land. The lack of kitchen and bathroom photos, combined with the age and 'original' status, strongly suggests these areas are in very poor, outdated condition, requiring complete demolition and rebuild to meet modern standards and expectations.
Pros & Cons
Pros
Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Coastal Location: Situated in a highly desirable 'Prime Peninsula location' within Newport Beach, offering exceptional lifestyle appeal and strong market demand.
Significant Redevelopment Potential: The property is on an R-2 zoned lot (25' x 90') with 'strong future potential for building or redevelopment,' making it attractive to investors and developers.
Income-Generating Duplex: As an 'Original duplex' with two 1BD/1BA units, it provides immediate rental income, categorized as a 'Residential Income' property.
Desirable School District: Located within the reputable Newport Mesa Unified School District, with highly-rated elementary and high schools in close proximity.
Functional Amenities: Includes two detached single-car garages and convenient laundry facilities in the garages, adding practical value for tenants or future owners.
Cons
As-Is Sale Condition: The property is being sold 'as-is' with 'seller to make no repairs,' indicating potential for significant immediate repair or renovation expenses for the buyer.
Dated Structure: Built in 1947, the 'Original duplex' suggests an older property that likely requires extensive modernization or demolition, especially if redevelopment is the goal.
Tenant Occupancy Constraints: The instruction 'Do not disturb tenants' implies potential challenges or delays for immediate redevelopment or owner-occupancy due to existing leases and tenant rights.