613 E Balboa Boulevard A, Newport Beach, California 92661, Newport Beach, 92661 - 3 bed, 3 bath
613 E Balboa Boulevard A
Newport Beach, California 92661
Property Price
SUMMARY
Analysis of 613 E Balboa Boulevard A, Newport Beach, California 92661 is currently available with a list price of $2,125,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1989, is well-maintained and move-in ready with updated stainless steel kitchen appliances and modern laminate flooring. However, the kitchen cabinets, granite countertops, and bathroom vanities and tile work reflect an older, more traditional style, suggesting renovations that are more than 15 years old. While functional and clean, these areas show signs of being outdated rather than recently renovated to current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Waterfront Proximity
Located mere steps from both the bay and ocean, offering unparalleled access to coastal activities and a highly sought-after lifestyle.
- Lucrative Short-Term Rental Permit
Features a valuable short-term rental permit, providing significant income-generating potential and ownership flexibility.
- No Homeowners Association (HOA) Fees
Absence of HOA fees significantly reduces monthly ownership costs, a rare and highly desirable benefit for a multi-unit property in this location.
CONSRISKS & DEFICIENCIES
- Stair-Only Access to Second Floor
As a second-floor unit, access is exclusively via stairs, which may pose a challenge for some buyers or guests with mobility concerns.
- Tandem Garage Configuration
The tandem configuration of the two-car garage can be less convenient for daily use compared to traditional side-by-side parking.
- Property Age (1989 Build)
Built in 1989, the property is 35 years old and may require updates or renovations to meet contemporary tastes and standards, depending on its current condition.
About 613 E Balboa Boulevard A
Wonderful home on the Balboa Peninsula which is 1877 sq ft with 3 bedrooms and 3 bathrooms which is steps away from both the bay and ocean and is walking distance to restaurants, nail salon, fun zone and other activities. It is located on the second floor which has stairs leading up to the front door. It has a tandem 2 car garage below it. It also has a short term rental permit which allows you to be able to rent it out when you are not enjoying it yourself. This home does not have any HOA fees as well.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 7,336 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 4.0 | 45% |
| Square foot | 1,877 | 2,053 | 45% |
| Lot Size | 7,336 | 2,614 | 94% |
| Price | $2.12M | $4.50M | 3% |
| Price per sq ft | $1.1K | $2.5K | 3% |
| Built year | 1989 | 1989 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 115 | 177 | 13% |
Pricing History
Listed for Sale
Jan 21, 2026
$2,125,000
$2,200,000
-3% Price Drop
Initial Listing
Price Change
Nov 12, 2025
$2,200,000
Initial Listing