
Newport Beach, California 92663
Rare opportunity to own a four-unit investment property on an oversized corner lot on the ocean side of Balboa Blvd, directly across from Marina Park and just steps from the beach and surfing at The Point. Ideally positioned near Newport Pier, this exceptional Peninsula location puts the ocean, bay, boardwalk, dining, and entertainment all within easy reach. The property features a spacious 4-bedroom, 2-bathroom unit with an active Short-Term Rental (STR) permit, offering valuable vacation rental income potential in one of Newport Beach’s most desirable coastal destinations. The remaining three units are each 2 bedrooms and 1 bathroom and are operated as long-term rentals, providing an attractive combination of short-term and stable long-term rental income. Adding to the property’s appeal, each of the four units has its own private garage—a rare and highly desirable amenity on the Balboa Peninsula. The oversized corner lot further distinguishes the property, providing excellent presence and a setting that is increasingly difficult to find in this coveted beach community. With Marina Park directly across the street, surfing at The Point just steps away, Newport Pier nearby, and both the ocean and bay at your doorstep, 1733 W Balboa Blvd presents a unique opportunity to acquire a four-unit Newport Beach investment combining location, income versatility, parking, and the quintessential Peninsula lifestyle.
Property is moderate renovation needed.
Built in 1954, this quadruplex shows a mix of dated and partially renovated interiors. While some units feature granite countertops and updated walk-in showers (likely 15-20 years old), other units retain original-style tile counters and older cabinetry. Given the 70+ year age of the structure, systems are likely dated, and the property requires cosmetic and functional updates to meet modern luxury standards for the area.
Situated on an oversized corner lot on the ocean side of Balboa Blvd, the property offers immediate access to Marina Park, the beach, and Newport Pier, ensuring high tenant demand.
The inclusion of an active Short-Term Rental (STR) permit for the 4-bedroom unit provides significant revenue upside, complemented by the stability of three long-term rental units.
Each of the four units features its own private garage, a rare and highly coveted amenity on the Balboa Peninsula that significantly enhances property value and convenience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3857, other record living area = 3033.
Built in 1954, the property may require significant capital expenditures for modernization or repairs to maintain its competitive edge against newer coastal developments.
At a list price of $4.599M, the initial capitalization rate may be compressed, requiring aggressive management of the STR component to achieve optimal investment returns.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.1 |
| Baths | 0.0 | 3.7 |
| Square foot | 3,857 | 2,313.222 |
| Lot Size | 4,200 | 2,703.444 |
| Price | $4.60M | $3.37M |
| Price per sq ft | $1.2K | $1.8K |
| Built year | 1954 | 1954 |
| HOA | $0 | $0 |
| Days on market | 46 | 63 |
Sep 9, 2026
$4,599,000
Initial Listing
Jun 10, 2003
$1,500,000
Public Record
Nov 16, 1994
$515,000
Public Record