126 E Balboa, Newport Beach, CA 92661
- $3,448,000
- List Price
- $3,448,000
- Price Change
- ▼ $50,000 1772764677
- Status
- ACTIVE
- MLS#
- IV25238475
- Year Built
- 1912
- Lot Size
- 2,178
- Acres
- 0.05
- Lot Location
- 0-1 Unit/Acre, Level, Rectangular Lot, Street Level, Value In Land
- Days on Market
- 286
- Property Type
- Multifamily
- Style
- Bungalow, Patio Home
- Property Sub Type
- Triplex
- Stories
- One Level, Multi Level
- Neighborhood
- Balboa Peninsula (Residential) (Balp)
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 Beach’s 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 patio—the largest on the block—**perfect for entertaining or maximizing tenant appeal. Upper Unit (126 ½ 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 view—ideal for professionals, couples, or as a premium vacation rental. Lower Unit (126 ¼ 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 have been upgraded and are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable location—close to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferry—this triplex enjoys consistent tenant demand and strong year-round occupancy. Immediate income – all units occupied on month-to-month leases. Prime location – short walk to sand, surf, and bay. High rental potential – flexible use for long-term, short-term, or owner-occupied investment. Rare Peninsula find – upgraded, air-conditioned, and well maintained Whether you’re an investor expanding your portfolio or a buyer seeking a beachside income property with exceptional upside, 126 E Balboa Blvd is the one to see. Invest where everyone wants to stay—and earn while you plan your next move.
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Additional Information
- Taxes
- $28,457
- Appliances
- Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Water To Refrigerator, Water Heater
- Pool Description
- None
- Fireplace Description
- Family Room
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Electric
- View
- Mountain(s), Neighborhood, Ocean, Panoramic, Peek-A-Boo
- Exterior Construction
- Block
- Roof
- Shingle
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Granite Counters, High Ceilings, Pantry, Recessed Lighting, Storage, Jack and Jill Bath
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $109,200
- Operating Expense
- 15260
Listing courtesy of Listing Agent: VINOD DESAR (vinoddesar@gmail.com) from Listing Office: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.