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Closed
- Listed price
- $2,199,000
- Listed Aug 1, 2020
- Sold price
- $1,800,000
- Sold Dec 31, 2020
2,614 sqft lot|1907 Built|116 MLS days on market
701 E Balboa Blvd, Newport Beach, CA 92661
Property Description
Incredible investment opportunity for an owner/user in the world famous city of Newport Beach, California!! Being 100 yards from the beach and Balboa pier and next to the Balboa fun zone in a newly gentrified area it's the best deal on the Peninsula! This mixed use 2, 500 sq ft. building is fully leased with options for long term leases and consists of a 2 bedroom 900 sq ft remodeled upstairs ocean view apartment with garage . It also has a 500 sq foot studio newly remodeled with full bath and garage access. The retail component is a newly remodeled 450 sq ft nail salon , A 250 sqft retail unit currently leased and another 200sq ft unit . The property is located at 701 E. Balboa Avenue which is surrounded by the Balboa Fun Zone, Balboa Pier, Balboa Pavilion, Catalina Flyer, Pacific Ocean and Newport Harbor all within a few hundred yards. This is an extremely rare opportunity in one of the best retail locations in Southern California!Incredible investment opportunity for an owner/user in the area.
Listing agent: Brett BarberDRE #02000761brett@1-31.net, Listing office: Legend Realty & Finance Group
MLS data updated 10/26/2026, 2:10:06 AM PT
Source: CRMLSMLS #: OC20159091
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,800,000
Dec 31, 2020
Available records32020
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 · Oct 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.