$4,200,000

1324 W Balboa Boulevard, Newport Beach, CA 92661

  • 5 beds |
  • 5 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Rare investment opportunity just steps from the sand and surf in one of Newport Beachs most sought-after coastal communities. This legally recognized triplex has been previously reconfigured into six income-generating units, maximizing rental potential while preserving long-term flexibility. The property has been recently updated, including interior unit improvements and fresh exterior paint, offering a clean and well-maintained impression throughout. On-site 3-carport parking adds convenience for tenants. With easy potential to convert back to 3 or 4 larger units, this property offers a flexible exit strategy for future redevelopment or owner-occupant use. Situated just a short stroll to the beach, Lido Marina Village, top dining, shops, and the harbor, this is a prime opportunity for both short- and long-term income investors. Interior unit photos and unit rent breakdown available upon request.

Listing Status:
Active
Listing Office:
Arbor Real Estate : 949-673-7600
Listing Agent:
Brandon Hobbs : 714-765-9880
MLS ID:
OC25162276
  • Pool: N/K
  • General: 2 Story
  • HOA Amenities: 0.0
  • Originating MLS: California Regional MLS
  • County: Orange
  • Zoning: Assessor04723329
  • Source: California Regional MLS

This listing courtesy of Brandon Hobbs, Arbor Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

Newport Elementary School

1327 W Balboa Blvd, Newport Beach, CA, 92661

Grades KG-6

0.06 miles away

E

Ensign Intermediate School

2000 Cliff Dr, Newport Beach, CA, 92663

Grades 7-8

0.87 miles away

N

Newport Harbor High School

600 Irvine Ave, Newport Beach, CA, 92663

Grades 9-12

1.19 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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