Newport Beach, CA 92661 1324 W Balboa Boulevard
$4,099,999
12 more
Presented By: Brandon Hobbs with Arbor Real Estate; 949-673-7600
Baths • 2
SQFT • 3,336
Home Details
Rare investment opportunity just steps from the sand and surf in one of Newport Beach’s most sought-after coastal communities. This legally recognized triplex has been previously reconfigured into six income-generating units, maximizing rental potential while preserving long-term flexibility.
The property has been recently updated, including interior unit improvements and fresh exterior paint, offering a clean and well-maintained impression throughout. On-site 3-carport parking adds convenience for tenants.
With easy potential to convert back to 3 or 4 larger units, this property offers a flexible exit strategy for future redevelopment or owner-occupant use. Situated just a short stroll to the beach, Lido Marina Village, top dining, shops, and the harbor, this is a prime opportunity for both short- and long-term income investors. Interior unit photos and unit rent breakdown available upon request.
Presented By: Brandon Hobbs with Arbor Real Estate; 949-673-7600
Interior Features for 1324 W Balboa Boulevard
Other Interior Features
Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 1324 W Balboa Boulevard
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Carport Spaces3
Carport Y/NYes
CityNewport Beach
Community FeaturesSidewalks
CountyOrange
DirectionsContinue straight as the 55 Freeway ends, it turns into Newport Blvd., continue heading south for about 2.5 miles.After crossing the Balboa Blvd/32nd Street intersection, veer right onto W Balboa Blvd. about 1 mile, on your right, near F St.
Electric Expense2653
Entry LocationMain
Fuel Expense1270
Garage Spaces
Garage Y/NNo
Gross Income175200
HOANo
HOA Fee$
Insurance Expense3313
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet3049
Lot Size UnitsSquare Feet
MLS AreaNP - Balboa Peninsula
MaintenanceExpense600
Net Operating Income165364
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Operating Expense9836
Pool FeaturesNone
PostalCityNEWPORT BEACH
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameBalboa Peninsula (Residential) (BALP)
Tax Lot7
Total Actual Rent14600
Trash Expense600
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense1400
Year Built1936
Year Built SourceAssessor
Exterior for 1324 W Balboa Boulevard
Building Area Total3336
Lot Features6-10 Units/Acre
Lot Size Acres0.07
Lot Size Area3049
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesCarport
Private PoolNo
Total Parking3
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®