203 6th Street, Newport Beach, California 92661, Newport Beach, 92661 - 0 bed, 0 bath
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203 6th Street
Newport Beach, California 92661
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,500Sq Ft
2,178Lot Size
Property Price
LIST PRICE$2,400,000
SUMMARY
Analysis of 203 6th Street, Newport Beach, California 92661 is currently available with a list price of $2,400,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1941, this property is explicitly marketed as a redevelopment opportunity with the primary value in the land. While currently functional as a triplex, the interiors feature dated kitchens, tile countertops, and window AC units, indicating systems and finishes are well beyond their expected lifespan and require a total rehab or replacement.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Prime Coastal Location
Situated in the heart of the iconic Balboa Peninsula, the property offers exceptional walkability to the beach, bay, and local dining, ensuring high demand and long-term appreciation.
- Flexible Investment Potential
Currently configured as a triplex, the property provides immediate rental income while offering a rare redevelopment opportunity for a custom coastal residence or a modernized multi-family project.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2178, other record lot size in square feet = 2100. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1125.
- Aging Infrastructure
Built in 1941, the existing structure likely requires significant capital expenditure for modernization or a complete teardown to meet contemporary luxury standards.
- Development Constraints
The compact 2,178-square-foot lot presents spatial challenges for redevelopment, requiring careful navigation of strict Newport Beach zoning, setback, and parking regulations.
About 203 6th Street
RARE BALBOA PENINSULA REDEVELOPMENT OPPORTUNITY. Located in the heart of Newport Beach’s iconic Balboa Peninsula, 203 6th Street presents a unique opportunity for investors, developers, and those seeking to create a new coastal residence in one of Southern California’s most coveted beach communities. The property is currently configured as a triplex consisting of three separate one-bedroom units, offering immediate income potential while providing an exceptional opportunity to reimagine the property for the future. Situated on an approximately 2,178-square-foot lot, the property’s existing configuration provides flexibility for a variety of investment strategies. An investor may choose to maintain and improve the existing three-unit income property, while a developer or owner-user may explore the potential to redevelop the site and maximize its value through a new construction project, subject to City of Newport Beach approvals and applicable zoning and development regulations. The property’s location is a major part of the opportunity. Positioned just moments from the beach, bay, restaurants, shops, and the vibrant entertainment that defines the Balboa Peninsula, this is an exceptionally walkable coastal setting. The combination of a highly desirable Peninsula location, existing multifamily use, and valuable land creates a compelling proposition for buyers looking beyond the current improvements. For developers, the real opportunity lies in the land. The existing structure can serve as a source of rental income while plans are evaluated, or the site can be considered for a future redevelopment project. Buyers should independently verify zoning, allowable density, setbacks, building requirements, parking requirements, and any other development parameters with the City of Newport Beach. Whether acquired as an income-producing triplex, repositioned through renovation, or explored as a future redevelopment site, 203 6th Street offers a rare chance to secure a piece of Balboa Peninsula real estate with significant long-term potential.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1941
- Lot Size
- 2,178 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 • 0.7 mi
9/10
Horace Ensign Intermediate School
Grades 7-8 • 1.1 mi
7/10
Newport Harbor High School
Grades 9-12 • 1.4 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.5 |
| Baths | 0.0 | 3.8 |
| Square foot | 1,500 | 2,512.545 |
| Lot Size | 2,178 | 2,760.364 |
| Price | $2.40M | $3.24M |
| Price per sq ft | $1.6K | $1.8K |
| Built year | 1941 | 1958 |
| HOA | $0 | $0 |
| Days on market | 5 | 72 |
Pricing History
Listed for Sale
Sep 4, 2026
$2,400,000
Initial Listing
Sold
Apr 22, 2013
$880,000
Public Record