The current property consists of a beach cottage and a detached efficiency studio in the garage structure and 1 off street parking spot. The property is located off a large 20 ft. alley with a large approximately 31 ft wide X 102.5 ft long lot. The beach cottage was completely remolded (inside down to studs) in 2020 with new windows and new roof. The owners have City of Newport Beach fully approved construction drawings (permit ready) for a brand new 3-story Single Family Dwelling with 3 story glass elevator, (4 bed, each with its own full bath, plus 2- powder rooms, and an attached full ADU (Accessory Dwelling Unit) with its own entry and patio. The new construction will provide 4 off street parking spaces including an attached 2-car garage and 2-car carport. The main house will total 2924 SF plus the ADU of 533 SF. The new home has 2 decks off the 2nd level (1 with ocean views) and the 3rd level has an 852 SF roof deck area with powder room, appliances, BBQ and fire pit and designed for a hot tub. Ocean views from 2nd and 3rd levels.
Property Details
Property Features
Property Information:
Year Built: 1924
Stories: 1
Living Area: 432 SqFt
Listing Office:
Office Name: Pacific OC Properties
Office Email: dpearson@pacificocproperties.com
Listing Agent: Darwin Pearson
Interior Features
Interior Information:
Appliances: Range, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
Interior: All Bedrooms Down
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Private Pool: No
View: None
Parking Information:
Parking: On Site, Off Street, One Space
Lot Features
Lot Information:
Lot: Front Yard, Rectangular Lot
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Baseboard
Cooling: None
Other
Directions Information:
Directions: South on 55 Fwy, keep straight on Newport Blvd. until it turns into W. Balboa Blvd., continue on W. Balboa Blvd. or 2/3 miles. 2nd house on oceanside of street past 13 th.
Price Information
Listing Price Info
Price Summary:
List Price: $3,779,000
Price Per SqFt: $8,748/SqFt
Tax Information:
Annual Amount: $2,323
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Newport Beach, CA.
This property is $279K more than the Median Sold Price and $7.3K/SqFt more than other homes in Newport Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #NP24127815
Listing Office:
Office Name: Pacific OC Properties
Office Email: dpearson@pacificocproperties.com
Listing Agent: Darwin Pearson
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: 12/18/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,323
$89,857
2020
$2,305
$88,936
2019
$2,387
$87,193
2018
$2,388
$85,484
2017
$2,364
$83,808
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 school0.07 miles
Public District Grades KG-6
7
/10
Newport Heights Elementary School
300 E 15th St
Distance between this listing and this school1.51 miles
Public District Grades KG-6
7
/10
Mariners Elementary School
2100 Mariners Dr
Distance between this listing and this school1.90 miles
Public District Grades KG-6
Nearby Schools
8
/10
Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school0.92 miles
Public District Grades 7-8
7
/10
Isaac L. Sowers Middle School
9300 Indianapolis Ave
Distance between this listing and this school4.87 miles
Public District Grades 6-8
9
/10
Vista Verde K - 8 School
6 Federation Way
Distance between this listing and this school5.43 miles
Public District Grades KG-8
Nearby Schools
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school1.23 miles
Public District Grades 9-12
8
/10
Corona Del Mar Middle and High School
2101 Eastbluff Dr
Distance between this listing and this school3.01 miles
Public District Grades 7-12
10
/10
Early College High School
2990 Mesa Verde Dr E
Distance between this listing and this school3.64 miles
The neighbors living near this home have an average income of $110,552. The majority of Newport Beach, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1245 W Balboa Blvd
What is the listing price of this property?
The listing price of 1245 W Balboa Blvd property is $3,779,000.
What type of property is this?
The property 1245 W Balboa Blvd is a house located in Newport Beach, California, 92661.
Is this property for sale now?
Active Listing: 1245 W Balboa Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,323 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1245 W Balboa Blvd has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 1245 W Balboa Blvd is 432 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1245 W Balboa Blvd is 1924.
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This home is located at 1245 W Balboa Blvd in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. This 432 square foot home, which was built in 1924, sits on a 0.07 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 23, 2024 and is currently priced at $3,779,000.
Over 9 listings were sold over their listed price in November 2024 in Newport Beach, CA. In the same period over 48 listings were sold below the listed price and 14 listings were sold for the listed price. The inventory of homes for sale in Newport Beach, CA between October 2024 and November 2024 decreased by 2.5%. While the average time on the market in November 2024 was 43 days, the median list price was $3,500,000.
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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