$5,995,000
111 38thNewport Beach, CA 92663Balboa Peninsula (Residential)
Sold
1007 E Balboa Boulevard sold on August 22, 2024 for $8,500,000. The details are below for reference.
1007 E Balboa Boulevard, Newport Beach, CA 92661
- 4,704 sq ft
- Built 1909
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$8,500,000
The home
About 1007 E Balboa Boulevard
A remarkable opportunity to own 10 Units on the Oceanfront of the Balboa Peninsula with 7 Irreplaceable STR's (SHORT TERM RENTAL PERMITS)! This is a dream deal w/ a monster cap rate and a whopping $640,000 NET income in 2023! Located almost perfectly right next to Balboa Pier, Balboa Fun Zone, Balboa Ferry, Market & Deli, Shopping, Restaurants, Arcades, and More. Each unit is remodeled and ready to be rented immediately. 4 of the Units are directly facing the oceanfront with spectacular panoramic views, including the Pier. Priced to sell and motivated deal. APN 048-146-04 (additional 1,519 sqft parcel on sand/beach) also included.
Property details for 1007 E Balboa Boulevard
This fourplex sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It has 4,704 square feet of living space. The home was built in 1909. The MLS record lists the assessor parcel number as 048-144-04. Highlights include ocean and coastline views, ocean frontage, and air conditioning.
Specifications
Home Details
General Features
- Property Type
- Quadruplex
- MLS Number
- NP24109926
- Year Built
- 1909
- Lot Size (sq ft)
- 3,600
- Lot Size (acres)
- 0.0826
- Levels
- Two
- Parking Spaces
- 3
- View
- Catalina, Coastline, Ocean, Panoramic
- Parcel Number
- 04814404
- On Market Date
- 2024-05-31
- Listing Terms
- Standard
Interior Features
- Interior Features
- Bedroom On Main Level
- Appliances
- Dishwasher, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator
- Heating
- Space Heater
- Cooling
- Wall Window Units
- Fireplace
- None
- Laundry
- Common Area, Inside, Laundry Room
- Entry Level
- 0
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Street Level
- Parking
- Driveway
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 10
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Biking, Park, Street Lights, Sidewalks
The record
Property History for 1007 E Balboa Boulevard
| Date | Event | Price | Note |
|---|---|---|---|
| Aug 22, 2024 | Sold | $8,500,000 | |
| Aug 22, 2024 | Status changed to Pending | From Active | |
| Jul 12, 2024 | Price reduced | $9,500,000 | From $11,000,000 |
| Jun 20, 2024 | Price reduced | $11,000,000 | From $12,995,000 |
| May 31, 2024 | Listed for sale | $12,995,000 |
No prior MLS sales on record for this home since 2012.
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 1007 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 5,000 Mbps, at 12 of 12 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 12 of 12. Fixed wireless: Verizon, up to 300 Mbps, at 12 of 12.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590628003036, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 1.2 miles away (ChargePoint, 2 Level 2 ports). 152 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
1007 E Balboa Boulevard is no longer on the market, but comparable homes come up in Newport Beach regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
Selling near 1007 E Balboa Boulevard
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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 George Hanold of Times Real Estate CA
Listing information updated Dec 4, 2024 at 9:15 PM 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.