1324 W Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - bed, bath

1324 W Balboa Boulevard, Newport Beach, California 92661 home-pic-0

1324 W Balboa Boulevard

Newport Beach, California 92661

ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,336Sq Ft
3,049Lot Size

Property Price

LIST PRICE$4,099,999

SUMMARY

Analysis of 1324 W Balboa Boulevard, Newport Beach, California 92661 is currently available with a list price of $4,099,999. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Although originally built in 1936, the property has undergone significant recent interior updates. The units feature modern kitchens with white shaker cabinetry, quartz-style countertops, and stainless steel appliances. Bathrooms have been updated with contemporary tiling and fixtures, and the flooring appears to be newer luxury vinyl plank or laminate. The exterior has fresh paint and the property is presented in move-in ready condition, though the 1936 vintage suggests some original structural elements remain.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Newport Elementary School (9/10).

  • Prime Coastal Location

    Situated just steps from the sand and surf on the Balboa Peninsula, the property offers immediate access to world-class beaches, Lido Marina Village, and high-end dining.

  • High Income Potential

    This legally recognized triplex has been reconfigured into six units, maximizing immediate rental yield while offering a flexible exit strategy for future redevelopment.

CONSRISKS & DEFICIENCIES

  • Limited Parking

    With only three carport spaces for a six-unit configuration, the property faces significant parking challenges in a high-density area where street parking is extremely limited.

  • Aging Infrastructure

    Originally constructed in 1936, the property may require ongoing maintenance or significant upgrades to its aging structural and mechanical systems despite recent cosmetic improvements.

About 1324 W Balboa Boulevard

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.

Property Details

Public Facts

Property Type
Triplex
Year Built
1936
Lot Size
3,049 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Newport Beach Unified Schools

Newport Elementary School

Grades PK-6 • 0.1 mi

9/10

Horace Ensign Intermediate School

Grades 7-8 • 0.8 mi

7/10

Newport Harbor High School

Grades 9-12 • 1.2 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot3,3363,250
67%
Lot Size3,0494,065
33%
Price$4.10M$4.10M
50%
Price per sq ft$1.2K$1.2K
50%
Built year19361936
50%
HOA$0$0
50%
Days on market231275
33%

Pricing History

Listed for Sale

Feb 21, 2026

$4,099,999

$4,200,000

-2% Price Drop

Initial Listing

Price Change

Jul 19, 2025

$4,200,000

Initial Listing

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