109 E Balboa Boulevard, Newport Beach, CA 92661
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Listed Price :
$3,380,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1959
Property Description
Situated just one house from the boardwalk and mere blocks from the lively Balboa Village and Fun Zone, this three-story triplex offers prime coastal living and an exceptional investment opportunity. Priced at $1,200 per square foot—well below the average for comparable properties on the Balboa Peninsula—this property presents significant value. With all tenants on month-to-month leases, it’s a great redevelopment opportunity or a chance to collect steady rental income and benefit from future appreciation. Designed and built by renowned architect Svend Nielsen, the property exudes unique charm and thoughtful design. Each of the three units includes 2 bedrooms, 1 bathroom, and in-unit laundry for convenience. The second and third-floor units enjoy peek-a-boo ocean views, while all units offer private outdoor spaces, including balconies. Additional amenities include a two-car carport for the second- and third-floor units, a ground-floor private shower room, and recent upgrades such as a roof replacement in 2023, a Tesla solar system, and smart home features, including automated blinds, thermostats, and a security system—all controllable remotely. The property is professionally managed, generating stable income with the potential for future rent growth. Don’t miss this rare opportunity to invest in a prime coastal location with endless possibilities.
Interior Features
| Laundry Information |
| Location(s) |
Inside |
| Kitchen Information |
| Features |
Galley Kitchen |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Laminate |
| Interior Information |
| Features |
Balcony, Ceiling Fan(s), Galley Kitchen |
| Cooling Type |
None |
Listing Information
| Address |
109 E Balboa Boulevard |
| City |
Newport Beach |
| State |
CA |
| Zip |
92661 |
| County |
Orange |
| Listing Agent |
Greg Blake DRE #01227057 |
| Co-Listing Agent |
Tim Smith DRE #01346878 |
| Courtesy Of |
Coldwell Banker Realty |
| List Price |
$3,380,000 |
| Status |
Active Under Contract |
| Type |
Residential Income |
| Subtype |
Triplex |
| Structure Size |
N/A |
| Lot Size |
2,178 |
| Year Built |
1959 |
Listing information courtesy of: Greg Blake, Tim Smith, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 5th, 2024 at 7:48 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
