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

1324 W Balboa Boulevard
Newport Beach, California 92661
Property Price
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
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
Horace Ensign Intermediate School
Grades 7-8 • 0.8 mi
Newport Harbor High School
Grades 9-12 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,336 | 3,250 | 67% |
| Lot Size | 3,049 | 4,065 | 33% |
| Price | $4.10M | $4.10M | 50% |
| Price per sq ft | $1.2K | $1.2K | 50% |
| Built year | 1936 | 1936 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 231 | 275 | 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
















