Rare investment opportunity just steps from the sand and surf in one of Newport Beach’s most sought-after coastal communities. This legally recognized triplex has been previously reconfigured into six income-generating units, maximizing rental potential while preserving long-term flexibility.
The property has been recently updated, including interior unit improvements and fresh exterior paint, offering a clean and well-maintained impression throughout. On-site 3-carport parking adds convenience for tenants.
With easy potential to convert back to 3 or 4 larger units, this property offers a flexible exit strategy for future redevelopment or owner-occupant use. Situated just a short stroll to the beach, Lido Marina Village, top dining, shops, and the harbor, this is a prime opportunity for both short- and long-term income investors. Interior unit photos and unit rent breakdown available upon request.
AGENT: Brandon Hobbs LISTING BROKERAGE: Arbor Real EstateThe property has been recently updated, including interior unit improvements and fresh exterior paint, offering a clean and well-maintained impression throughout. On-site 3-carport parking adds convenience for tenants.
With easy potential to convert back to 3 or 4 larger units, this property offers a flexible exit strategy for future redevelopment or owner-occupant use. Situated just a short stroll to the beach, Lido Marina Village, top dining, shops, and the harbor, this is a prime opportunity for both short- and long-term income investors. Interior unit photos and unit rent breakdown available upon request.
Courtesy of Arbor Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1324 W Balboa BL
Newport Beach, CA
Property Details
Price:
$4,099,999
MLS #:
OC25162276
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Subdivision:
Balboa Peninsula Residential BALP
Neighborhood:
npbalboapeninsula
Listed Date:
Jul 19, 2025
Total Sq Ft:
3,336
Lot Size:
3,049 sqft / 0.07 acres (approx)
Year Built:
1936
Np – Balboa PeninsulaNpbalboapeninsulaBalboa Peninsula Residential Balp
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Schools
Interior
Laundry Features
AR
Levels
U
Exterior
Common Walls
_2CW
Community Features
SDW
Parking Spots
3
Parking Total
3
Financial
Maintenance Fee
$600
Net Operating Income
$165,364
Map
Community
- Address1324 W Balboa BL Newport Beach CA
- SubdivisionBalboa Peninsula (Residential) (BALP)
- CityNewport Beach
- CountyOrange
- Zip Code92661
