1113 W Balboa Boulevard, Newport Beach, California 92661, Newport Beach, - bed, bath

home-pic
ACTIVE$3,945,000
1113 W Balboa Boulevard, Newport Beach, California 92661
6Beds
4Baths
2,100Sqft
3,154Lot
Year Built
1929
Close
-
List price
$3.94M
Original List price
$3.94M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25176841
Home ConditionExcellent
Features
Good View: City Lights, Peek-A-Boo
Patio
ViewCity Lights,Peek-A-Boo

About this home

What a dream come true to own one of the best locations on the Balboa Peninsula and a property that has TWO ACTIVE SHORT TERM LODGING PERMITS. This duplex is situated between the Newport and Balboa Piers, just one house from the ocean and just a short block away from the Balboa Bay! 1113 W. Balboa has a fabulously large lot...31 X 103... can suite many buyers needs. Property is zoned R2 Single.. Totally remodeled from stem to stern. The front cottage is 3 bedrooms and two bathrooms, not all bedrooms have closets, wardrobes have been provided and laundry facilities. Not only do you have a a front garden, you have a private back patio/yard for BBQ-ing. The back cottage is remarkable... in the sense that you have three stories, from the second floor kitchen you have a peek of the ocean and from the third story loft/family room your view is fairly lovely. Once again, the back cottage has been totally remodeled, like living in a coastal cottage 'treehouse'. This property has an attached garage with laundry facilities. All furnishings are included for both properties.

Nearby schools

9/10
Newport Elementary School
Public,PK-60.2mi
7/10
Horace Ensign Intermediate School
Public,7-80.9mi
7/10
Newport Harbor High School
Public,9-121.3mi

Price History

Date
Event
Price
08/05/25
$3,945,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds63
96%
Baths44
50%
Square foot2,1002,548
48%
Lot Size3,1542,660
64%
Price$3.94M$6.5M
32%
Price per square foot$1,879$2,784
20%
Built year19291991
4%
HOA
Days on market93205
28%
Condition Rating
Excellent

Despite being built in 1929, the property has been 'totally remodeled from stem to stern' as stated in the description, which is strongly supported by the images. Both the front and back cottages feature modern, virtually new kitchens with stainless steel appliances and white cabinetry, and updated bathrooms with contemporary fixtures and tiling. The flooring throughout is consistent wood-look LVP, and lighting fixtures are modern. The overall condition reflects a very recent and extensive high-quality renovation, making it move-in ready with all components meeting current quality standards.
Pros & Cons

Pros

Prime Coastal Location: Situated on the highly desirable Balboa Peninsula, just one house from the ocean and a short block from Balboa Bay, offering unparalleled access to beach and bay activities.
Significant Income Potential: Comes with two active short-term lodging permits, providing a rare and valuable opportunity for immediate rental income generation.
Duplex Configuration & Flexibility: The property is a duplex, offering versatile living arrangements such as owner-occupancy with rental income, multi-generational living, or full investment rental.
Extensively Remodeled & Turnkey: Completely remodeled 'from stem to stern' and includes all furnishings, making it a truly turnkey property ready for immediate use or rental.
Ocean Views & Private Outdoor Space: Features peek-a-boo ocean views from the back cottage's upper levels and private outdoor spaces including a front garden and back patio/yard for entertaining.

Cons

Non-Traditional Bedroom Layout: Some bedrooms in the front cottage lack built-in closets, relying on provided wardrobes, which may not suit all buyer preferences.
Limited Ocean View: While offering 'peek-a-boo' ocean views, it is not a full, unobstructed oceanfront view, which some buyers in this premium location might anticipate.
Zoning/Property Type Ambiguity: Described as a 'duplex' with 'R2 Single' zoning, yet listed as 'Single Family Residence' in the sub_type, which may require clarification for financing or future development plans.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State