126 E Balboa,Newport Beach, CA 92661
Newport Beach, CA 92661
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 patiothe 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 viewideal 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 locationclose to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferrythis 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 stayand earn while you plan your next move.
Details
| MLS # | IV25238475 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1912 |
| Days On Site | 325 |
| Listing Provided By | BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY | VINOD DESAR |
Features
| SQ Feet | 2,000 |
|---|---|
| Garage | 1 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 1 |
| Acreage | 0.05 |
| Golf Course | Yes |
| Water Front | Yes |
| Property View | Yes |
Interior
| Cooling | Electric |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Granite Counters, High Ceilings, Pantry, Recessed Lighting, Storage, Jack And Jill Bath |
| Window Features | Screens |
| Appliances | Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Water To Refrigerator, Water Heater |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|---|
| Security Features | Security System, Carbon Monoxide Detectors, Fire Detection System, Resident Manager, Smoke Detectors, Security Lights |
| Construction Materials | Block |
| Foundation Details | Slab |
| Lot Features | Zero To One Unit Acre, Level, Rectangular Lot, Street Level, Value In Land |
| Fencing | Excellent Condition, Privacy, Stucco Wall, Wood, Wrought Iron |
Parking
| Parking Features | Door Single, Garage, None, Permit Required, Private, Garage Faces Rear |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Electricity On Property, Standard |
| Sewer | Public Sewer |
Location
| Community Features | Biking, Curbs, Dog Park, Fishing, Golf, Park, Street Lights, Suburban, Sidewalks, Water Sports |
|---|
Taxes
| Property | 28457 |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92661 |
| Area | NP Balboa Peninsula |
| Community Name | Balboa Peninsula (Residential) (BALP) |
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92661 |
| Area | NP Balboa Peninsula |
| Community Name | Balboa Peninsula (Residential) (BALP) |
 | $2,995,000514 W BalboaNewport Beach, CA 92661 |