1825 W Balboa, Newport Beach, California 92663, Newport Beach, 92663 - bed, bath
ACTIVE$3,500,000
1825 W Balboa, Newport Beach, California 92663
0Bed
0Bath
1,877Sqft
2,601Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Income Potential: This legal non-conforming triplex comes with valuable short-term lodging permits, offering significant income generation opportunities in a highly desirable vacation destination.
Top Cons:
Historic Construction: Built in 1928, the property's age, despite extensive upgrades, may present potential for unforeseen structural or system issues typical of older buildings.
Compared to the nearby listings
Price:$3.50M vs avg $3.20M (+$300,000)64%
Size:1,877 sqft vs avg 2,390 sqft24%
Price/sqft:$1.9K vs avg $1.5K80%
More Insights
Built in 1928 (97 years old).
Condition: Despite being built in 1928, the property has undergone extensive and recent renovations as explicitly stated in the description ('All units have been upgraded with new kitchens, bathrooms, flooring, plumbing, roof'). The images confirm this, showcasing modern white shaker cabinets, stainless steel appliances (gas range, OTR microwave), light quartz-like countertops, and LVP flooring in the kitchens. Bathrooms feature contemporary white vanities, sleek fixtures, glass shower enclosures, and large format marble-look tiling, all appearing virtually new. Recessed lighting and modern finishes are consistent throughout the visible areas, indicating a comprehensive renovation within the last 5 years, meeting current quality standards.
Year Built
1928
Close
-
List price
$3.5M
Original List price
$3.5M
Price/Sqft
$1,865
HOA
-
Days on market
-
Sold On
-
MLS number
NP25097466
Home ConditionExcellent
Features
Good View: Peek-A-Boo
Patio
ViewPeek-A-Boo
About this home
3 Legal non-conforming triplex with short term permits. 2/1, 1/1, 1/1 all with their own washer and dryer. All units have been upgraded with new kitchens, bathrooms, flooring, plumbing, roof and in move-in condition should you elect not to use the short term lodging permits. One car garage with two additional parking spaces. Located just one house away from the surf, sand and board walk. No streets to cross to get the beach making it a lot safer. The pier, park, back bay is just one block away making the location ideal for may uses.
Condition Rating
Excellent
Despite being built in 1928, the property has undergone extensive and recent renovations as explicitly stated in the description ('All units have been upgraded with new kitchens, bathrooms, flooring, plumbing, roof'). The images confirm this, showcasing modern white shaker cabinets, stainless steel appliances (gas range, OTR microwave), light quartz-like countertops, and LVP flooring in the kitchens. Bathrooms feature contemporary white vanities, sleek fixtures, glass shower enclosures, and large format marble-look tiling, all appearing virtually new. Recessed lighting and modern finishes are consistent throughout the visible areas, indicating a comprehensive renovation within the last 5 years, meeting current quality standards.
Pros & Cons
Pros
Exceptional Income Potential: This legal non-conforming triplex comes with valuable short-term lodging permits, offering significant income generation opportunities in a highly desirable vacation destination.
Unbeatable Beach Proximity: Located just one house away from the surf, sand, and boardwalk with no streets to cross, providing direct and safe access to the beach, a premium feature for renters and residents.
Extensive Modern Upgrades: All three units have been recently upgraded with new kitchens, bathrooms, flooring, plumbing, and a new roof, ensuring move-in condition and minimizing immediate capital expenditures.
Prime Newport Beach Location: Situated in the sought-after Balboa Peninsula, with the pier, park, and back bay just one block away, offering excellent walkability and access to local attractions and amenities.
Valuable Off-Street Parking: The property includes a one-car garage and two additional parking spaces, a significant advantage in a dense coastal area where parking is often scarce.
Cons
Historic Construction: Built in 1928, the property's age, despite extensive upgrades, may present potential for unforeseen structural or system issues typical of older buildings.
Limited Ocean View: While listed as having a 'Peek-A-Boo' view, this indicates a partial or obstructed view rather than a full, expansive ocean vista, which might be expected given the proximity to the beach and price point.
Compact Lot Size: The 2601 sqft lot is relatively small, typical for the area, but limits outdoor living space and potential for future expansion or significant landscaping.