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Listed by VINOD DESAR • BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
$3,498,000
Est. payment /mo
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,749
MLS Listing ID CRIV25238475
HOA Y/N No
Year Built 1912
Lot Size 2,178 Sqft
Property Sub-Type Triplex
Source Datashare California Regional
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 Beach's most desirable streets, just 250 feet from the sandy beach and 500 feet from the Newport pier and 700 feet from the Newport Pavilion. Perfect for owner users / 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 patio-the largest on the block-**perfect for entertaining or maximizing tenant appeal. Upper Unit (126 ½ 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
Location
State CA
County Orange
Interior
Heating Wall Furnace
Cooling Other
Flooring Laminate, Carpet
Fireplace No
Appliance Gas Water Heater
Laundry In Garage, Laundry Room, Other
Exterior
View Mountain(s), Panoramic, Other, Ocean
Building
Lot Description Level, Other
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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