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Closed
- Listed price
- $3,295,000
- Listed Aug 6, 2012
- Sold price
- $3,075,000
- Sold Nov 3, 2012
6,232 sqft lot|1949 Built|23 MLS days on market
1216 W BALBOA Blvd W, Newport Beach, CA 92661
Property Description
The Balboa Apts. present investors with the opportunity to acquire an attractive, prime located asset which has received over $500K in capital improvements. Just steps from Newport Bay and the beach, the asset is located in an irreplaceable location and is a rare Newport Beach investment opportunity. Completely renovated in 2011, the upgrades have transformed the units into luxury apt. homes. The exterior of the building boasts all new electrical wiring, roofs, cable wiring, gas lines, copper plumbing, electrical meters, stucco, and custom paint. Every unit interior is well appointed with granite countertops, cherry wood cabinetry, new recessed lighting, stainless steel appliances, refrigerator, microwave and dishwasher. In addition, all units are provided with new vinyl windows, mirrored closet doors, ceiling fans and tile flooring throughout the living, dining and kitchen area. Operating costs will be minimal for a long time to come as all systems have been upgraded and replaced.
Listing agent: WMichael CavnerDRE #01274709michael.cavner@marcusmillichap.com, Listing office: Marcus & Millichap RE Invest
MLS data updated 11/3/2026, 11:56:07 PM PT
Source: CRMLSMLS #: S707709
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$3,075,000
Nov 3, 2012
Available records22012
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92661 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92661 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.