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James Patton

james@thebeardedagent.com +1(714) 342-6490

$ 3,380,000

Est. payment -/mo

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Active Under Contract

109 E Balboa BLVD Newport Beach, CA 92661

2,178 Sqft Lot

UPDATED:

11/05/2024 07:48 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP24177675

HOA Y/N No

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

Interior Features Balcony, Ceiling Fan(s), Galley Kitchen

Laundry Location Inside

Heating Fireplace(s), Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher, Electric Cooktop

Laundry Inside

Exterior

Garage Carport

Carport Spaces 2

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

Parking Type Carport

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 04807422

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Lease Land No

Listed by Greg Blake • Coldwell Banker Realty • 949-500-8684

James Patton

Agent | License ID: 01816048

+1(714) 342-6490

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James Patton

James Patton

109 E Balboa BLVD Newport Beach, CA 92661

Key Details

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Rooms

Interior

Exterior

Building

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109 E Balboa BLVD