Sold for $2,330,000

Listed by: THE HILLCREST TEAM • MICHAEL TRUONG • Contact: 909-990-8855

Bought with: Compass

$2,330,000

512 W Balboa Blvd, Newport Beach, CA 92661

3beds

4baths

2,482sqft

Mixed Use

Built in 1960

-- sqft lot

$2,374,100 Zestimate^®

$939/sqft

$5,757 Estimated rent

Home value

$2,374,100

$2.18M - $2.59M

$5,757/mo

Zestimate^® history

Owner options

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$5,757/mo

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$5,757/mo

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$14,717/mo

Est. payment

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$14,717/mo

Est. payment

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What's special

Discover a fantastic 4-unit mixed-use residential and commercial property in the vibrant heart of Newport Beach Peninsula. This prime location features two charming residential units upstairs and two bustling retail spaces downstairs, currently leased to a popular salon and barbershop. Just a short stroll from the beach, an array of restaurants, entertainment options, and boutique shops, this property offers the perfect blend of convenience and coastal living. All renters are on a flexible month-to-month basis, providing versatility for potential owners. The property also includes two one-car garage spaces and a convenient laundry room on the ground floor. Reroofed in 2021, Balcony waterproofing in 2024. Don’t miss this opportunity to invest in a thriving community!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 2,482
Total interior livable area: 2,482 sqft

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: Two
Stories: 2
Entry location: Front/Side
Pool features: None

Lot

Size: 2,178 Square Feet
Features: Walkstreet

Details

Parcel number: 04807109
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use

Condition

New construction: No
Year built: 1960

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Curbs, Street Lights, Sidewalks
Subdivision: Balboa Peninsula (Residential) (Balp)

Location

Region: Newport Beach

Financial & listing details

Price per square foot: $939/sqft
Tax assessed value: $1,495,548
Annual tax amount: $16,588
Date on market: 10/7/2024
Cumulative days on market: 100 days
Listing terms: Cash,Cash to New Loan
Tenant pays: All Utilities

Price history

Date	Event	Price
2/14/2025	Sold	$2,330,000+91%$939/sqft
Source: CRMLS #WS24205398 Report a problem
3/21/2014	Sold	$1,220,000$492/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$16,588 +2.4%	$1,495,548 +2%
2024	$16,202 +2.4%	$1,466,224 +2%
2023	$15,818 +1.7%	$1,437,475 +2%
2022	$15,549 +1.9%	$1,409,290 +2%
2021	$15,255 +1%	$1,381,657 +1%
2020	$15,108	$1,367,490 +2%
2019	$15,108 +2%	$1,340,677 +2%
2018	$14,805 +3.8%	$1,314,390 +2%
2017	$14,260	$1,288,618 +2%
2016	$14,260 +2.3%	$1,263,351 +1.5%
2015	$13,945	$1,244,375