CA > Newport Beach > Balboa Peninsula (Residential) (
Newport Beach, CA 92661,126 E Balboa
Newport Beach, CA 92661,126 E Balboa
Newport Beach, CA 92661,126 E Balboa
Newport Beach, CA 92661,126 E Balboa
Newport Beach, CA 92661,126 E Balboa
Newport Beach, CA 92661,126 E Balboa
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Kevin O'keefe

Kevin O'keefe

+1(858) 260-9001
$ 3,498,000
Est. payment | /mo

4 Beds

2,178 Sqft Lot

Save
$ 3,498,000
Est. payment | /mo
Save

4 Beds

2,178 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID IV25238475

Bedrooms 4

Lot Size 2,178 Sqft

Lot Dimensions 70x30

Property Sub-Type Res Income 2-4 Units

Property Description

Exceptional Balboa Peninsula Triplex Steps from the Ocean and Bay! A rare opportunity to own an income-producing triplex on one of Newport Beachs most desirable streets, just 250 feet from the sandy beach and 500 feet from the Newport pier and 700 feet from the Newport Pavilion. Perfect for owner users / investors seeking strong returns, flexible rental options, and long-term appreciation. This fully upgraded property includes three beautifully maintained units, each with its own mini-split A/C system, modern finishes, and private laundry. All three units are currently occupied on month-to-month leases, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired. Front House (126 E Balboa Blvd) 2 Bedrooms | 1 Bathroom | Fireplace. A bright and inviting front home featuring an open living area with fireplace, upgraded kitchen, detached indoor laundry room, and storage area. The property also boasts an **expansive raised front patiothe largest on the block**perfect for entertaining or maximizing tenant appeal. Upper Unit (126 E Balboa Blvd) 1 Bedroom + Loft/Office | 1 Bathroom. This upper-level unit features a light-filled living area, modern kitchen, in-unit laundry, and a private balcony with peek-a-boo ocean viewideal for professionals, couples, or as a premium vacation rental. Lower Unit (126 E Balboa Blvd) 1 Bedroom | 1 Bathroom. Compact, efficient, and beautifully updated, the lower unit offers a cozy living space and kitchen, with laundry conveniently located in the attached garage. All units h

Location

State CA

County Orange

Zoning Assessor

Direction From CA-55 S, continue onto Newport Blvd to Balboa Peninsula. Left on Balboa Blvd, go mileproperty on left after Island Ave bef

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 04807216

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

MLS Router / San Diego MLS
Listed by VINOD DESAR BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Kevin O'keefe

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(858) 260-9001

kevin.okeefe@lptrealty.com

10620 Treena St Ste 230, San Diego, CA, 92131-1140, USA

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126 E Balboa