126 E Balboa, Newport Beach, CA 92661

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Kobe Zimmerman

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

$3,498,000

Est. payment - /mo

4 Beds

2,178 Sqft Lot

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UPDATED:

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 IV25238475

Bedrooms 4

Lot Size 2,178 Sqft

Lot Dimensions 70x30

Property Sub-Type Res Income 2-4 Units

Property Description

Exceptional Balboa Peninsula Triplex Steps from the Ocean and Bay! A rare opportunity to own an income-producing triplex on one of Newport Beachs most desirable streets, just one block from the beach and two blocks from the bay. Perfect for investors seeking strong returns, flexible rental options, and long-term appreciation. This fully upgraded property includes three beautifully maintained units, each with its own mini-split A/C system, modern finishes, and private laundry. All three units are currently occupied on month-to-month leases, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired. Front House (126 E Balboa Blvd) 2 Bedrooms | 1 Bathroom | Fireplace. A bright and inviting front home featuring an open living area with fireplace, upgraded kitchen, detached indoor laundry room, and storage area. The property also boasts an **expansive raised front patiothe largest on the block**perfect for entertaining or maximizing tenant appeal. Upper Unit (126 E Balboa Blvd) 1 Bedroom + Loft/Office | 1 Bathroom. This upper-level unit features a light-filled living area, modern kitchen, in-unit laundry, and a private balcony with peek-a-boo ocean viewideal for professionals, couples, or as a premium vacation rental. Lower Unit (126 E Balboa Blvd) 1 Bedroom | 1 Bathroom. Compact, efficient, and beautifully updated, the lower unit offers a cozy living space and kitchen, with laundry conveniently located in the attached garage. All units have been upgraded and are well maintained, making this property t

Location

State CA

County Orange

Zoning Assessor

Direction From CA-55 S, continue onto Newport Blvd to Balboa Peninsula. Left on Balboa Blvd, go mileproperty on left after Island Ave bef

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 04807216

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Listed by VINOD DESAR BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

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126 E Balboa Newport Beach, CA 92661