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Listed by Brian Wollner, DRE #01889264 • Compass
$3,295,000
Est. payment /mo
3,049 Sqft Lot
New
1200 W Balboa Newport Beach, CA 92661
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26237091
Year Built 1953
Lot Size 3,049 Sqft
Property Sub-Type Triplex
Source California Regional MLS
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
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Kitchen Dishwasher, Hood Over Range, Microwave, Other, Exhaust Fan, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Wall Furnace , Central Forced Air
Cooling None
Laundry In Laundry Room
Exterior
Parking Features Assigned Spaces, Carport , Garage
Garage Spaces 3.0
Pool 31, None
View Bay, Local/Neighborhood, Ocean
Roof Type Shingle,Composition
Building
Foundation Raised
Water District - Public
Others
Tax ID 04723411
Special Listing Condition Not Applicable
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