613 E Balboa Boulevard A, Newport Beach, California 92661, Newport Beach, 92661 - 3 bed, 3 bath
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Newport Beach, California 92661
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.
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 While functional and clean, these areas show signs of being outdated rather than recently renovated to current standards.
Located mere steps from both the bay and ocean, offering unparalleled access to coastal activities and a highly sought-after lifestyle.
Features a valuable short-term rental permit, providing significant income-generating potential and ownership flexibility.
Absence of HOA fees significantly reduces monthly ownership costs, a rare and highly desirable benefit for a multi-unit property in this location.
As a second-floor unit, access is exclusively via stairs, which may pose a challenge for some buyers or guests with mobility concerns.
The tandem configuration of the two-car garage can be less convenient for daily use compared to traditional side-by-side parking.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 4.0 | 42% |
| Square foot | 1,877 | 2,436.5 | 38% |
| Lot Size | 7,336 | 2,614 | 92% |
| Price | $2.12M | $4.58M | 4% |
| Price per sq ft | $1.1K | $2.5K | 4% |
| Built year | 1989 | 1959 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 161 | 212 | 25% |
Jan 21, 2026
$2,125,000
$2,200,000
-3% Price Drop
Initial Listing
Nov 12, 2025
$2,200,000
Initial Listing