1200 W Balboa, Newport Beach, CA 92661
1200 W Balboa, Newport Beach, CA 92661
1200 W Balboa, Newport Beach, CA 92661
45
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$3,295,000
Est. payment /mo
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7 Beds
6 Baths
3,049 Sqft Lot
New

1200 W Balboa Newport Beach, CA 92661

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Jeremy Beck- Admin

Jeremy Beck- Admin

+1(858) 395-1114

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID OC26237091

Bedrooms 7

Lot Size 3,049 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

A rare corner-lot multifamily opportunity on Newport Beachs Balboa Peninsula, 1200 W Balboa Boulevard combines an elevated, raised-foundation setting, a versatile THREE-UNIT CONFIGURATION, and exceptional coastal walkability. The upper-level three-bedroom, two-bathroom unit features a standout deck with outstanding OCEAN-VIEWS AND PARTIAL BAY VIEWS. Two single-level, two-bedroom, two-bathroom residences occupy the front and rear of the property, separated by a shared courtyard and community laundry room. A two-car garage and an additional carport space provide valuable parking. Held by the same owner for nearly 40 years, the property reflects longstanding pride of ownership and offers compelling potential for investors and buyers seeking an owners residence with rental income. Well-maintained interiors are complemented by a newer roof, dual-pane windows, ongoing termite maintenance, upgraded ABS drain lines, and upgraded electrical panels. The upper residence also features central heating. With tenants in place and strong rental upside potential, the property offers established income and an appealing opportunity for long-term growth. Its thoughtful configuration is equally attractive for those looking to occupy one residence while renting the others. Centrally located between Marina Park, Newport Pier, and the Balboa Fun Zone, this quiet coastal setting places beaches, bayfront recreation, dining, and shopping within easy reachan exceptional opportunity to enjoy and invest in the Peninsula lifestyle.

Location

State CA

County Orange

Zoning Assessor

Direction 1200 Block, South of Marine Village, North of the Fun Zone

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 04723411

MLS Router / San Diego MLS
Listed by Brian Wollner, DRE#01889264 Compass 

NEARBY SCHOOL & BUSINESS

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Jeremy Beck- Admin

Jeremy Beck- Admin

Co-Founder / Mortgage Planner License ID: 322621

+1(858) 395-1114

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1200 W Balboa

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