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Listed by Arbor Real Estate, Brandon Hobbs, Listing Contact: 714-765-9880 
5 Beds
5 Baths

$4,099,999

1324 W Balboa Boulevard, Newport Beach CA, 92661

Property typeMulti-family

Overview

Active

Listed Jul 19, 2025

Updated Aug 11

Rare investment opportunity just steps from the sand and surf in one of Newport Beachs 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.

$27,277/mo

Est. mortgage payment based on a $4,099,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
OC25162276

Interior Features

Bedrooms
5
Bathrooms
5
Basement
No

Exterior Features

Lot Size
0.07 Acres

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