1324 W Balboa Boulevard, Newport Beach, CA 92661

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$4,200,000

Est. payment - /mo

5 Beds

3,049 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID OC25162276

Bedrooms 5

Lot Size 3,049 Sqft

Property Sub-Type Res Income 2-4 Units

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.

Location

State CA

County Orange

Zoning Assessor

Direction Continue straightas the55 Freeway ends, it turns intoNewport Blvd., continueheadingsouthfor about2.5 miles.After crossing theBal

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 04723329

Virtual Tour https://player.vimeo.com/video/1102668758?badge=0&autopause=0&player_id=0&app_id=58479

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Listed by Brandon Hobbs Arbor Real Estate

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1324 W Balboa Boulevard Newport Beach, CA 92661