Investor opportunity in prime Balboa Peninsula location. Situated directly across from Marina Park and the iconic Lighthouse Café, this duplex offers an unbeatable coastal lifestyle and excellent income potential. The property features two spacious units—each with 2 bedrooms and 2 bathrooms. The lower unit is currently leased to a long-term tenant, providing immediate rental income, while the upper unit is vacant and ready for your personal updates. Enjoy a bay view from the upstairs living area, along with the convenience of a two-car garage. Whether you’re looking to remodel and maximize value or hold as a rental investment, this is a rare chance to own in one of the best spots on the Peninsula.
Sold for $3,200,000
Listed by: Coldwell Banker Realty • Branden Fella • Contact: 949-533-7500
Bought with: SoCal Realty Group
$3,200,000
1623 W Balboa Blvd, Newport Beach, CA 92663
4beds
3,000sqft
Duplex
Built in 1973
2,614 Square Feet Lot
$3,148,900 Zestimate®
$1,067/sqft
$7,881 Estimated rent
Home value
$3,148,900
$2.90M - $3.43M
$7,881/mo
Zestimate® history
Owner options
List your home for rent
$7,881/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$7,881/mo
Rent Zestimate®
Refinance and save
$19,945/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$19,945/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Branden Fella DRE #01860709 949-533-7500,
Coldwell Banker Realty
Bought with:
Frederick Espino, DRE #02222143
SoCal Realty Group
Source: CRMLS,MLS#: NP25125414
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Family Room, Living Room
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Inside
Features
- Has fireplace: Yes
- Fireplace features: Primary Bedroom
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 2
- Pool features: None
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
Lot
- Size: 2,614 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 04720204
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Curbs, Fishing, Gutter(s), Park, Storm Drain(s), Street Lights, Sidewalks, Water Sports
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,067/sqft
- Tax assessed value: $3,400,000
- Annual tax amount: $36,271
- Date on market: 6/4/2025
- Cumulative days on market: 21 days
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2025 | Sold | $3,200,000-3%$1,067/sqft |
Source:  CRMLS #NP25125414 Report a problem | ||
| 6/25/2025 | Contingent | $3,299,000$1,100/sqft |
Source: CRMLS #NP25125414 Report a problem | ||
| 6/4/2025 | Listed for sale | $3,299,000+37.5%$1,100/sqft |
Source: CRMLS #NP25125329 Report a problem | ||
| 10/3/2012 | Listing removed | $2,400,000$800/sqft |
Source: Coldwell Banker Residential Brokerage - Balboa Island #U12001504 Report a problem | ||
| 4/18/2012 | Listed for sale | $2,400,000+84.6%$800/sqft |
Source: Coldwell Banker Residential Brokerage - Balboa Island #U12001504 Report a problem | ||
| 9/21/2006 | Sold | $1,300,000$433/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $36,271 +76.1% | $3,400,000 +78.5% |
| 2024 | $20,596 +2.4% | $1,905,105 +2% |
| 2023 | $20,112 +1.7% | $1,867,750 +2% |
| 2022 | $19,776 +1.9% | $1,831,128 +2% |
| 2021 | $19,399 +1% | $1,795,224 +1% |
| 2020 | $19,208 | $1,776,817 +2% |
| 2019 | $19,208 +2.1% | $1,741,978 +2% |
| 2018 | $18,815 +3.9% | $1,707,822 +2% |
| 2017 | $18,117 | $1,674,336 +2% |
| 2016 | $18,117 +2.3% | $1,641,506 +1.5% |
| 2015 | $17,712 +3.4% | $1,616,850 +2% |
| 2014 | $17,131 | $1,585,179 +0.5% |
| 2013 | -- | $1,578,015 +2% |
| 2012 | -- | $1,547,074 +2% |
| 2011 | -- | $1,516,740 +1.1% |
| 2010 | -- | $1,500,757 -0.2% |
| 2009 | -- | $1,504,323 +2% |
| 2008 | -- | $1,474,827 +13.4% |
| 2007 | -- | $1,300,000 +871.3% |
| 2006 | -- | $133,837 +2% |
| 2005 | -- | $131,213 +2% |
| 2004 | -- | $128,641 +1.9% |
| 2003 | -- | $126,284 +2% |
| 2002 | -- | $123,808 +2% |
| 2001 | $1,362 +2.5% | $121,381 +2% |
| 2000 | $1,328 | $119,001 |
Find assessor info on the county website
Neighborhood: 92663
Nearby homes
- $--2 bd2 ba1.8k sqft1623 W Balboa Blvd #B, Newport Beach, CA 92663Off Market
- $3,372,2002 bd1 ba1.2k sqft1623 W Balboa Blvd APT A, Newport Beach, CA 92663Off Market
- $808,498-- bd-- ba1.4k sqft1625 W Balboa Blvd, Newport Beach, CA 92663Off Market
- $168,300-- bd-- ba1.4k sqft1621 W Balboa Blvd, Newport Beach, CA 92663Off Market
- $813,690-- bd-- ba2.1k sqft1627 W Balboa Blvd, Newport Beach, CA 92663Off Market
- $1,673,6924 bd2 ba2.8k sqft1619 W Balboa Blvd, Newport Beach, CA 92663Off Market
- $3,045,8004 bd2 ba1.5k sqft1619 W Balboa Blvd APT B, Newport Beach, CA 92663Off Market
- $--4 bd4 ba2.1k sqft1617 W Balboa Blvd, Newport Beach, CA 92663Off Market
Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 0.3 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 0.9 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.3 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,148,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,148,900
- California
- Orange County
- Newport Beach
- 92663
- 1623 W Balboa Blvd
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Newport Beach Topics
