$2,995,000
514 W BalboaNewport Beach, CA 92661Balboa Peninsula (Commercial)
Sold
505 E Balboa Boulevard sold on May 14, 2019 for $1,025,000. The details are below for reference.
505 E Balboa Boulevard, Newport Beach, CA 92661
- 955 sq ft
- Built 1919
Own 505 E Balboa Boulevard? Request a free home valuation to see what it is worth today.
$1,025,000
The home
About 505 E Balboa Boulevard
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.
Property details for 505 E Balboa Boulevard
This home sits in the Balboa Peninsula (Commercial) neighborhood of Newport Beach in Orange County. It has 955 square feet of living space. The home was built in 1919. The MLS record lists the assessor parcel number as 048-122-03.
Specifications
Home Details
General Features
- MLS Number
- NP19022516
- Year Built
- 1919
- Lot Size (sq ft)
- 2,614
- Lot Size (acres)
- 0.06
- Levels
- Two
- Parking Spaces
- 2
- Parcel Number
- 04812203
- On Market Date
- 2019-01-29
- Listing Terms
- Standard
Interior Features
- Laundry
- None
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Zero To One Unit Acre
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 2
Community Features
- Subdivision
- Balboa Peninsula (Commercial) (BPCD)
- Community Features
- Curbs, Street Lights, Sidewalks, Urban
The record
Property History for 505 E Balboa Boulevard
| Date | Event | Price | Note |
|---|---|---|---|
| May 14, 2019 | Sold | $1,025,000 | |
| Jan 29, 2019 | Listed for sale | $1,350,000 |
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 505 E Balboa Boulevard
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, 0.2 percent annual chance flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0382K effective March 21, 2019. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones map, Newport Beach quadrangle, released July 1, 1986. Checked October 15, 2026.
- Liquefaction zone
Inside a Seismic Hazard Zone for liquefaction.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Tsunami hazard area
Inside the Tsunami Hazard Area on the State's evacuation planning map.
California Geological Survey and Cal OES, Tsunami Hazard Area map for Orange County (2021). Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: AT&T, up to 1,000 Mbps, at 4 of 6 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 5 of 6. Fixed wireless: GeoLinks, up to 1,000 Mbps, at 3 of 6.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590628003026, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 1.2 miles away (Tesla Destination, 1 Level 2 port). 154 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
Looking for something similar
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The neighborhood
About Newport Beach
Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.
See homes for sale in Balboa Peninsula Newport Beach housing market
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Listed by Alex Batley of Balboa Realty
Listing information updated Apr 30, 2021 at 9:52 AM PT. Source: CRMLS.
This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.