Property Details
About this Property
Outstanding investment opportunity for the buyer with a vision. Just one house to the beach and very close to all the Balboa Peninsula offers. This two story triplex offers exceptional long term rental income, close proximity to the oceanfront and plenty of parking/garage space for all units. Tenants enjoy the use of the laundry room, relaxing areas in the courtyard or front patio. This property has been upgraded over the last 5 years and can be used as rentals yearly or summer/winter rentals to maximize income stream. There are two units with 2 bedrooms and 2 bathrooms and one unit over garage is 1 bedroom and 1 bathroom. All units are currently occupied. Next door is 1213 W. Balboa and is the exact mirror of 1209. Buy one or buy both and create a development project with a high enough build to enjoy white water views year round from the upper units. The highest and best use would be stacked condo's with elevators and balconies. The city of Newport Beach has consulted with an architect on the possible future development of 1209 and 1213 W. Balboa. Hurry because this type of property sells fast in Newport Beach, Balboa Peninsula!
MLS Listing Information
MLS #
CRNP25068186
MLS Source
California Regional MLS
Interior Features
Appliances
Other, Oven Range - Electric
Flooring
Laminate
Cooling
None
Heating
Wall Furnace
Exterior Features
Foundation
Slab
Pool
None
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage, Garage: 3 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1209 W Balboa Bld is a Triplex in Newport Beach, CA 92661. This – square foot property sits on a 3,049 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,700,000 and was built in 1952. This address can also be written as 1209 W Balboa Bld, Newport Beach, CA 92661.
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This listing information is up-to-date as of June 29, 2025. For the most current information, please contact Karly Brown, (949) 355-8006
