
Newport Beach, California 92661
This Oceanfront Triplex represents a High-Potential Investment Opportunity, listed at $6,600,000, which is positioned slightly above the $6,558,571 Fair Market Value. While the property is priced at market, its Condition Rating of 3 and move-in ready status provide immediate rental income potential. Featuring panoramic ocean views and proximity to the 9/10 rated Newport Elementary School, this asset offers significant long-term development upside on an oversized lot. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a legacy beach compound.
Property is move-in ready.
While originally built in 1947, the interior images show the units have undergone significant renovations within the last 5-15 years. The kitchens feature modern white shaker cabinetry, updated stone countertops, and contemporary flooring. The listing confirms the property is move-in ready for immediate rental use, though the price point reflects the high land value for potential future redevelopment.
Elementary School: Newport Elementary School (9/10).
Situated directly on the Newport Beach Boardwalk, this property offers rare panoramic coastline and ocean views with immediate beach access in the prestigious Balboa Peninsula Point.
The triplex configuration provides exceptional flexibility, allowing for owner-occupancy with rental income, short-term rental opportunities, or use as a multi-unit family compound.
Originally built in 1947, the existing structures may require substantial renovation or a complete teardown to align with modern luxury expectations and maximize the site's full potential.
With a list price of $6.6 million for 2,500 square feet, the investment is heavily weighted toward the land and location, necessitating significant additional capital for future development.
Oceanfront living is a dream that only a fortunate few ever get to call everyday life—now is your chance to make it your reality. This rare Newport Beach Boardwalk tri-plex sits on an oversized oceanfront lot and offers exceptional flexibility and future potential. Three units are move-in ready if you are going to rent out, with eight bedrooms and four bathrooms, giving you options: live in the front home and enjoy panoramic ocean views while collecting income from the rear units, explore short-term rental possibilities, or create the ultimate beach compound for your extended group. Use it as-is today and plan your future custom-built home; this property is an Incredible canvas for a dream home or legacy estate. Oceanfront lots of this size in this location are a limited commodity, with constant demand and endless opportunity for those ready to live their dream with an Oceanfront view.
No exterior & parking available.
Grades PK-6 • 0.0 mi
Grades 7-8 • 0.9 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 5.1 |
| Baths | 4.0 | 3.7 |
| Square foot | 2,500 | 2,313.222 |
| Lot Size | 3,049 | 2,703.444 |
| Price | $6.60M | $3.37M |
| Price per sq ft | $2.6K | $1.8K |
| Built year | 1947 | 1954 |
| HOA | $0 | $0 |
| Days on market | 207 | 63 |
Mar 31, 2026
$6,600,000
Initial Listing