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Meridian Real Estate & Investments
1200 W Balboa, Newport Beach, CA 92661
- $3,295,000
- List Price
- $3,295,000
- Status
- ACTIVE
- MLS#
- OC26237091
- Year Built
- 1953
- Lot Size
- 3,049
- Acres
- 0.07
- Lot Location
- Corner Lot, Drip Irrigation/Bubblers, Landscaped
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- Two Levels
- Neighborhood
- Balboa Peninsula (Residential) (Balp)
Property Description
A rare corner-lot multifamily opportunity on Newport Beach’s 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 owner’s 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 reach—an exceptional opportunity to enjoy and invest in the Peninsula lifestyle.
Additional Information
- Appliances
- Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan
- Pool Description
- None
- Heat
- Central, Wall Furnace
- Cooling Description
- None
- View
- Bay, Neighborhood, Ocean
- Exterior Construction
- Stucco
- Roof
- Composition, Shingle
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Built-in Features, Ceiling Fan(s), Living Room Deck Attached, Open Floorplan, Storage, Track Lighting
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $116,700
- Operating Expense
- 45137
Listing courtesy of Listing Agent: Brian Wollner (brianwollner@gmail.com) from Listing Office: Compass.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.