1825 W Balboa Boulevard, Newport Beach, California 92663, Newport Beach, 92663 - bed, bath
ACTIVE$3,200,000
1825 W Balboa Boulevard, Newport Beach, California 92663
0Bed
0Bath
2,200Sqft
2,614Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location & Beach Access: The property is just steps from the surf and sand with no streets to cross, and only a block from the pier, park, and bay, offering unparalleled coastal lifestyle and convenience.
Top Cons:
Age of Structure: Built in 1928, despite extensive upgrades, the underlying structure is nearly a century old, which may lead to potential long-term maintenance considerations for non-upgraded components.
Compared to the nearby listings
Price:$3.20M vs avg $3.20M (+$0)50%
Size:2,200 sqft vs avg 2,390 sqft40%
Price/sqft:$1.5K vs avg $1.5K40%
More Insights
Built in 1928 (97 years old).
Condition: Despite being built in 1928, the property has undergone extensive and recent renovations, as stated in the description: 'All residences have been stylishly upgraded with new kitchens, bathrooms, flooring, plumbing, and roof.' The images confirm this with modern white shaker cabinets, quartz countertops, stainless steel appliances, and contemporary bathroom finishes including glass-enclosed showers and updated vanities. The flooring appears to be new laminate/LVP in main areas. This level of comprehensive upgrade brings the property's condition to that of a virtually new home, meeting current quality standards.
Year Built
1928
Close
-
List price
$3.2M
Original List price
$3.3M
Price/Sqft
$1,455
HOA
-
Days on market
-
Sold On
-
MLS number
NP25186449
Home ConditionExcellent
Features
Good View: Neighborhood, Ocean, Peek-A-Boo
ViewNeighborhood, Ocean, Peek-A-Boo
About this home
Legal non-conforming triplex with active short-term rental permits—just steps from the surf and sand. This rare investment opportunity features a 2-bedroom/1-bath and two 1-bedroom/1-bath units, each with its own washer and dryer. All residences have been stylishly upgraded with new kitchens, bathrooms, flooring, plumbing, and roof, and are move-in ready whether used as rentals or personal retreat. Parking includes a one-car garage plus two additional spaces. With no streets to cross to reach the beach and the pier, park, and bay only a block away, the location offers unbeatable convenience and lifestyle appeal.
Condition Rating
Excellent
Despite being built in 1928, the property has undergone extensive and recent renovations, as stated in the description: 'All residences have been stylishly upgraded with new kitchens, bathrooms, flooring, plumbing, and roof.' The images confirm this with modern white shaker cabinets, quartz countertops, stainless steel appliances, and contemporary bathroom finishes including glass-enclosed showers and updated vanities. The flooring appears to be new laminate/LVP in main areas. This level of comprehensive upgrade brings the property's condition to that of a virtually new home, meeting current quality standards.
Pros & Cons
Pros
Exceptional Location & Beach Access: The property is just steps from the surf and sand with no streets to cross, and only a block from the pier, park, and bay, offering unparalleled coastal lifestyle and convenience.
High Income Potential: As a legal non-conforming triplex with active short-term rental permits, this property presents a rare and significant investment opportunity for robust rental income.
Extensively Upgraded Units: All three residences have been stylishly upgraded with new kitchens, bathrooms, flooring, plumbing, and roof, making them move-in ready and reducing immediate capital expenditure for a buyer.
Valuable Parking: The property includes a one-car garage plus two additional parking spaces, a highly sought-after amenity in a dense beach community like Balboa Peninsula.
Ocean Views: The property offers 'Peek-A-Boo' ocean views, enhancing its coastal appeal and desirability.
Cons
Age of Structure: Built in 1928, despite extensive upgrades, the underlying structure is nearly a century old, which may lead to potential long-term maintenance considerations for non-upgraded components.
Limited Unit Configuration: The units consist of one 2-bedroom/1-bath and two 1-bedroom/1-bath layouts, which might limit appeal to larger families seeking multi-bedroom units for long-term residency, though suitable for short-term rentals.
Recent Price Adjustment: The property recently underwent a $100,000 price reduction, which could suggest initial overpricing or a slower market response, potentially impacting perceived value or negotiation dynamics.