109 E Balboa BLVD Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92661
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,815 sqft
Price per Sqft $1,200
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP24177675
Year Built 1959
Lot Size 2,178 Sqft
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.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Fireplace(s),Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type Living Room
Laundry Inside
Exterior
Garage Carport
Pool None
Community Features Storm Drain(s),Street Lights,Sidewalks
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Connected,Water Connected
Waterfront Description Across the Road from Lake/Ocean
View Y/N Yes
View Coastline,Neighborhood,Ocean,Peek-A-Boo
Building
Lot Description 2-5 Units/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard