1324 W Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - bed, bath
ACTIVE$4,200,000
1324 W Balboa Boulevard, Newport Beach, California 92661
0Bed
0Bath
3,336Sqft
3,049Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Premier Coastal Location: Steps from the sand and surf on Balboa Peninsula, offering unparalleled access to beaches, Lido Marina Village, top dining, shops, and the harbor.
Top Cons:
Advanced Property Age: Constructed in 1936, the property's age may necessitate ongoing maintenance or future capital expenditures for major system replacements.
Compared to the nearby listings
Price:$4.20M vs avg $2.70M (+$1,500,000)75%
Size:3,336 sqft vs avg 904 sqft75%
Price/sqft:$1.3K vs avg $62950%
More Insights
Built in 1936 (89 years old).
Condition: Despite being built in 1936, the property has undergone significant and recent interior unit improvements, as evidenced by the images. The kitchens feature modern white shaker cabinets, stainless steel appliances, subway tile backsplashes, and clean countertops. Bathrooms are similarly updated with contemporary vanities, fixtures, and tiling. Flooring appears to be a mix of new-looking laminate/LVP and clean carpets. The exterior also boasts fresh paint. While the underlying structure is old, the extensive and stylish renovations across multiple units make the property move-in ready with a modern aesthetic, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Year Built
1936
Close
-
List price
$4.2M
Original List price
$4.2M
Price/Sqft
$1,259
HOA
-
Days on market
-
Sold On
-
MLS number
OC25162276
Home ConditionGood
Features
Excellent View:
Deck
View-
About this home
Rare investment opportunity just steps from the sand and surf in one of Newport Beach’s 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.
Nearby schools
9/10
Newport Elementary School
Public,•PK-6•0.1mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.8mi
7/10
Newport Harbor High School
Public,•9-12•1.2mi
Condition Rating
Good
Despite being built in 1936, the property has undergone significant and recent interior unit improvements, as evidenced by the images. The kitchens feature modern white shaker cabinets, stainless steel appliances, subway tile backsplashes, and clean countertops. Bathrooms are similarly updated with contemporary vanities, fixtures, and tiling. Flooring appears to be a mix of new-looking laminate/LVP and clean carpets. The exterior also boasts fresh paint. While the underlying structure is old, the extensive and stylish renovations across multiple units make the property move-in ready with a modern aesthetic, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons
Pros
Premier Coastal Location: Steps from the sand and surf on Balboa Peninsula, offering unparalleled access to beaches, Lido Marina Village, top dining, shops, and the harbor.
Maximized Income Potential: A legally recognized triplex reconfigured into six income-generating units, providing exceptional rental revenue opportunities and maximizing rental potential.
Flexible Redevelopment Options: Offers the unique ability to convert back to 3 or 4 larger units, allowing for diverse future strategies including redevelopment or owner-occupancy.
Recent Aesthetic Updates: Benefits from recent interior unit improvements and fresh exterior paint, ensuring a clean, well-maintained, and appealing presentation.
Valuable On-Site Parking: Includes convenient on-site 3-carport parking, a highly desirable amenity for tenants in this dense coastal community.
Cons
Advanced Property Age: Constructed in 1936, the property's age may necessitate ongoing maintenance or future capital expenditures for major system replacements.
Significant Investment Threshold: The $4.2 million list price represents a substantial capital outlay, potentially narrowing the market to a specific segment of high-net-worth investors.
Complex Unit Management: The current configuration of six units within a legally recognized triplex structure could lead to increased management complexity or potential regulatory scrutiny regarding density.