3709 W Balboa, Newport Beach, California 92663, Newport Beach, 92663 - bed, bath
ACTIVE$2,595,000
3709 W Balboa, Newport Beach, California 92663
0Bed
0Bath
817Sqft
2,250Lot
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 Condition & Age: Built in 1947 and sold strictly 'as-is' with no seller repairs, indicating a need for substantial renovation or complete redevelopment, incurring significant upfront costs.
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, this property is described as an 'original duplex' and is being sold 'as-is' with 'no seller repairs,' indicating a lack of significant renovations for many decades. The property analysis explicitly states a 'need for substantial renovation or complete redevelopment,' and that the existing structure's small size (817 sqft for a duplex) would likely necessitate a 'full rebuild for modern living standards or maximizing value.' Images reveal heavily worn carpets and severely dated, scratched hardwood floors, consistent with a property that has not seen major updates in over 50 years. The overall condition suggests the structure is beyond practical repair for modern living, with its value primarily residing in the land and its redevelopment potential.
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
NP25246772
Home ConditionTear down
Features
View-
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, this property is described as an 'original duplex' and is being sold 'as-is' with 'no seller repairs,' indicating a lack of significant renovations for many decades. The property analysis explicitly states a 'need for substantial renovation or complete redevelopment,' and that the existing structure's small size (817 sqft for a duplex) would likely necessitate a 'full rebuild for modern living standards or maximizing value.' Images reveal heavily worn carpets and severely dated, scratched hardwood floors, consistent with a property that has not seen major updates in over 50 years. The overall condition suggests the structure is beyond practical repair for modern living, with its value primarily residing in the land and its redevelopment potential.
Pros & Cons
Pros
Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Peninsula Location: Situated in a highly sought-after Newport Beach Peninsula location, offering significant lifestyle appeal and strong long-term appreciation potential.
Income-Generating Duplex: Currently configured as an original duplex with two 1BD/1BA units, providing immediate rental income and cash flow for an investor.
Strong Redevelopment Potential: Positioned on an R-2 zoned 25' x 90' lot, the property offers excellent future potential for building a new custom home or redeveloping the existing structure.
Detached Garages with Laundry: Includes two detached single-car garages, each equipped with laundry facilities, adding practical value and convenience for tenants or future owners.
Recent Price Adjustment: The property has recently undergone a price reduction from $2.695M to $2.595M, potentially offering a more competitive entry point for interested buyers.
Cons
As-Is Condition & Age: Built in 1947 and sold strictly 'as-is' with no seller repairs, indicating a need for substantial renovation or complete redevelopment, incurring significant upfront costs.
Tenant Occupancy Restrictions: Currently tenant-occupied with a 'do not disturb' clause, which may complicate showings, inspections, and immediate owner occupancy or redevelopment plans.
Limited Existing Living Space: The existing structure's total square footage of 817 sqft for a duplex suggests very compact units, likely necessitating a full rebuild for modern living standards or maximizing value.