505 E Balboa Boulevard
Newport Beach, CA 92661
- – beds
- – baths
- – sqft
- 2,614 sqft lot
- 1919 build
- – on site
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Location! Location! Great Investment Opportunity priced to sell on the Balboa Peninsula in Newport Beach, CA. TEAR DOWN priced at Lot Value (LAND PRICE: approx. $500 per/sqft.) Value is in the land not the existing buildings!! 505 E Balboa is 1 of 2 contiguous parcels (TO BE SOLD IN CONJUNCTION WITH 503 E Balboa (NP19024127), zoned for mixed use with great potential upside in the Balboa Village. Each parcel individually can accommodate live/work lofts of approx. 3000sft. Contingent upon coastal commission approval, 505 can be combined with 503 E Balboa into one parcel to accommodate 3 residential condos (approx. 5130 sqft combined) and 1 commercial condo (approx. 1800 sqft.) for maximum return on investment. (Call Listing Agent for details). Across the street at 500 E Balboa is a very comparable development that is going through its final approvals at the city. Once built, the condos will have tremendous unobstructed views of the bay, ocean, city, and mountains. At the present, 505 E Balboa has a small duplex with combined monthly rents of $3450 plus utilities that will help cover any expenses incurred while the potential buyer pushes the project through the City. Located just steps to the beach, the Balboa Pier, the Balboa Ferry, shops, restaurants, and the bay, 503 E Balboa to be sold in conjunction with 505 E Balboa. DO NOT DISTURB Tenants! Buyer to cooperate with seller’s 1031 Exchange. Buyers to confirm square footage & lot potential with the City of NB.
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Last updated Apr 3, 2025
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MLS# NP19022516 —
The Building
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Year Built:1919
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:955.00
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Building Area Units:Square Feet
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Total Number Of Units:2
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# of Buildings:1
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Stories Total:2
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Common Walls:No Common Walls
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:1
Interior
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Levels:Two
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Laundry:None
Location
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Directions:From PCH head west East on Balboa Blvd.
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Latitude:33.60247500
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Longitude:-117.90164500
The Property
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Lot Features:0-1 Unit/Acre
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Lot Size Area:2614.0000
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Lot Size Acres:0.0600
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Lot Size SqFt:2614.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:628.00
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Tax Tract:104
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Tax Lot:3
The Listing
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Special Listing Conditions:Standard
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Parcel Number:04812203
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Balboa Peninsula (Commercial) (BPCD)
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Subdivision:Balboa Peninsula (Commercial) (BPCD)
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Features:Curbs, Sidewalks, Street Lights, Urban
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:2.00
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/14/19
May 14, 2019
|
Sold | CRMLS_CA | $1,025,000 | -14.6% |
|
3/15/19
Mar 15, 2019
|
Price Changed | CRMLS_CA | $1,200,000 | -11.1% |
|
1/31/19
Jan 31, 2019
|
Listed / Active | CRMLS_CA | $1,350,000 |
