StatusAccepting Backup Offers (Active Under Contract)
About 109 E Balboa Blvd
Situated just one house from the boardwalk and mere blocks from the lively Balboa Village and Fun Zone, this three-story triplex offers prime coastal living and an exceptional investment opportunity. Priced at $1,200 per square foot—well below the average for comparable properties on the Balboa Peninsula—this property presents significant value. With all tenants on month-to-month leases, it’s a great redevelopment opportunity or a chance to collect steady rental income and benefit from future appreciation. Designed and built by renowned architect Svend Nielsen, the property exudes unique charm and thoughtful design. Each of the three units includes 2 bedrooms, 1 bathroom, and in-unit laundry for convenience. The second and third-floor units enjoy peek-a-boo ocean views, while all units offer private outdoor spaces, including balconies. Additional amenities include a two-car carport for the second- and third-floor units, a ground-floor private shower room, and recent upgrades such as a roof replacement in 2023, a Tesla solar system, and smart home features, including automated blinds, thermostats, and a security system—all controllable remotely. The property is professionally managed, generating stable income with the potential for future rent growth. Don’t miss this rare opportunity to invest in a prime coastal location with endless possibilities.
Property Details
Property Features
Property Information:
Year Built: 1959
Stories: 3
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (949) 500-8684
Listing Agent: Greg Blake
Interior Features
Interior Information:
Appliances: Dishwasher, Electric Cooktop
Flooring Type: Laminate
Interior: Balcony, Ceiling Fan(s), Galley Kitchen
Fireplace: Living Room
Exterior Features
Exterior Information:
Private Pool: No
View: Other, Neighborhood, Ocean
Parking Information:
Parking: Carport
Lot Features
Lot Information:
Lot Size: 0.05 Acres
Utilities
Utilities Information:
Heating: Fireplace(s), Wall Furnace
Cooling: None
Other
Directions Information:
Directions: E Balboa Blvd and Island Ave
Price Information
Listing Price Info
Price Summary:
List Price: $3,380,000
Tax Information:
Annual Amount: $18,039
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Newport Beach, CA.
This property is $95K less than the Median Sold Price in Newport Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #NP24177675
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (949) 500-8684
Listing Agent: Greg Blake
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 19, 2013
Dec 19, 2013Home Sold
$1,395,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$18,039
$1,579,846
2020
$17,857
$1,563,647
2019
$17,253
$1,532,988
2018
$17,253
$1,502,930
2017
$16,960
$1,473,461
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Newport Elementary School
1327 W Balboa Blvd
Distance between this listing and this school0.76 miles
Public District Grades KG-6
7
/10
Newport Heights Elementary School
300 E 15th St
Distance between this listing and this school1.86 miles
Public District Grades KG-6
7
/10
Mariners Elementary School
2100 Mariners Dr
Distance between this listing and this school1.93 miles
Public District Grades KG-6
Nearby Schools
8
/10
Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school1.26 miles
Public District Grades 7-8
9
/10
Vista Verde K - 8 School
6 Federation Way
Distance between this listing and this school4.86 miles
Public District Grades KG-8
7
/10
Isaac L. Sowers Middle School
9300 Indianapolis Ave
Distance between this listing and this school5.41 miles
Public District Grades 6-8
Nearby Schools
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school1.43 miles
Public District Grades 9-12
8
/10
Corona Del Mar Middle and High School
2101 Eastbluff Dr
Distance between this listing and this school2.66 miles
Public District Grades 7-12
10
/10
Early College High School
2990 Mesa Verde Dr E
Distance between this listing and this school3.57 miles
The neighbors living near this home have an average income of $81,301. Typical income of Newport Beach, CA residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
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This home is located at 109 E Balboa Blvd in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. This home, which was built in 1959, sits on a 0.05 acre lot. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $3,380,000.
In October 2024 more than 6 listings in Newport Beach, CA were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 52 were sold below. In October 2024 in Newport Beach, CA there were 2.6% more homes for sale than in September 2024. Listings spent 50 days on the market in October 2024, and had a median list price of $3,475,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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