$4,200,000

1324 W Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated payment $26,577/month

Total Views 4,266
6 Beds
7 Baths
3,336 Sq Ft
$1,259 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • 2-minute walk to Newport Beach Playground
  • Newport Elementary School Rated A

About This Home

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.

Listing Agent

Brandon Hobbs

Arbor Real Estate Brokerage Phone: 949-673-7600 License #01929235 Listed on: 07/19/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 3,049 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 3,336 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • Parking Available

Listing and Financial Details

  • Legal Lot and Block 7 / 113
  • Tax Tract Number 234
  • Assessor Parcel Number 04723329
  • $811 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Balboa Peninsula Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,653
  • Fuel Expense $1,270
  • Insurance Expense $3,313
  • Maintenance Expense $600
  • Trash Expense $600
  • Water Sewer Expense $1,400
  • Operating Expense $9,836
  • Gross Income $175,200
  • Net Operating Income $165,364

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Price Per Unit: 700000
  • Property Attached: Yes
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • Water Sewer Expenses: 1400.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 04723329
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Main
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 1258.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Multi Family

  • Electric Expense: 2653.00
  • Fuel Expense: 1270.00
  • Gross Income: 175200.00
  • Gross Scheduled Income: 175200.00
  • Insurance Expense: 3313.00
  • Lot Size Area: 3049.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 165364.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 9836.00
  • Rent Control: No
  • Total Actual Rent: 14600.00
  • Total Expenses: 9836.00

Tax Info

  • Tax Block: 113
  • Tax Census Tract: 628.00
  • Tax Lot: 7
  • Tax Tract Number: 234
  • TaxOtherAnnualAssessmentAmount: 811.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2025 07/19/25 For Sale $4,200,000 0.0% $1,259 / Sq Ft
07/19/2025 07/19/25 Off Market $4,200,000 -- --
05/10/2018 05/10/18 Sold $2,425,000 -14.9% $727 / Sq Ft
02/05/2018 02/05/18 For Sale $2,850,000 -- $854 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25162276

California Regional Multiple Listing Service (CRMLS)

APN: 047-233-29

California Orange County Newport Beach 92661 Central Newport Beach

1324 W Balboa Blvd, Newport Beach, CA

This home is located at 1324 W Balboa Blvd, Newport Beach, CA 92661 and is currently priced at $4,200,000, approximately $1,258 per square foot. This property was built in 1936. 1324 W Balboa Blvd is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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Brandon Hobbs
Listing Agent
Brandon Hobbs
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Arbor Real Estate
(949) 997-3658