For SaleRisky Deal1 days on market
1609 E Balboa Blvd
1609 E Balboa Blvd, Newport Beach, CA 92661, Newport Beach, CA 92661
$5,695,000
Listing Price
1609 E Balboa Blvd, Newport Beach, CA 92661
Loc: Newport Beach, CA
Days Listed
1
Lot Size
2,572 sqft
Rent Estimate
$2,949/mo
Est. Cash Flow base
Type
multi family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Newport Elementary School
K-6
1.8 mi away
9
Horace Ensign Intermediate School
7-8
2.1 mi away
9
Newport Harbor High School
9-12
2.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Quadruplex1949Wall FurnaceElectric, See Remarks, Wall/Window Unit(s)3 Attached Garage spaces1 Day$2,034
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.04%
Total ROI
90.2%
Cash Flow
$-876/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-876/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • Strong rental demand in Newport Beach
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-23 | Price change | $5,695,000 | $2,034 |
| 2024-06-21 | Listing removed | $0 | – |
| 2024-06-04 | Listed for rent | $5,500 | $2 |
| 2021-10-31 | Pending sale | $3,850,000 | $1,375 |
| 2021-10-24 | Contingent | $3,850,000 | $1,375 |
| 2021-10-09 | Listed for sale | $3,850,000 | $1,375 |
Similar Properties Nearby
Explore other investment opportunities in Newport Beach.