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3-Unit Triplex with Ocean Views

1200 W Balboa, Newport Beach, CA 92661

For Sale
New
$3,295,000

Separate residences share a courtyard and laundry room, with garage and carport parking on site.

Property Size2,879 SF
Days on Market4

Property Features for 1200 W Balboa

General Information

Standard status Active
Size 2,879 SF
Total Parking Spaces 3
Property subtype Triplex

Units

Unit Mix 1 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units 3

Additional Details

Tenant in Place Yes

Amenities

courtyard
community laundry room

Building Details

Building Size 2,879 SF
Year Built 1953
Listing Agency: Compass
Listed By: Brian Wollner · License #01889264
Source: Altamirarealty
Added: Nov 4 Changed: Nov 6 Last Checked: Nov 6 at 2:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Rey
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Investment Insights

Based on property information with market context.

This 1953 triplex contains three residences: an upper-level apartment with three bedrooms, two bathrooms, and central heat, plus two single-level apartments, each with two bedrooms and two bathrooms. The upper unit opens to a deck with ocean and partial bay views. A shared courtyard and community laundry room serve the property. Parking includes a two-car garage and one carport space. Building updates include a newer roof, dual-pane windows, upgraded ABS drain lines, upgraded electrical panels, and ongoing termite maintenance. Tenants are in place.

The property is on Balboa Boulevard in Newport Beach, between Marina Park, Newport Pier, and the Balboa Fun Zone. Beaches, bayfront recreation, dining, and shopping are within easy reach.

Key Highlights

  • Three residences: one 3‑bedroom, 2‑bath unit and two 2‑bedroom, 2‑bath units
  • Upper apartment has a deck with ocean views and partial bay views
  • Two‑car garage plus one carport space

Property Analytics

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,320
Businesses Nearby

Demographics for 92661, CA

3,457
Population
2,727
Households
1.3
Avg Household Size
48
Median Age
58%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
4,939
Density / Sq Mi
$209,620
Median Household Income
$135,407
Median Earnings
$2,836
Median Rent
$2,000,001
Median Home Value

Market

Average Price Trend$/SF for Triplexes in Orange County, CA

$546 Jul
$686 Aug
$657 Sep
$918 Oct

Properties on Market for Triplexes in Orange County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Separate residences share a courtyard and laundry room, with garage and carport parking on site.
Where is this triplex located?
The property is located at 1200 W Balboa Newport Beach, CA.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: Three residences: one 3‑bedroom, 2‑bath unit and two 2‑bedroom, 2‑bath units; Upper apartment has a deck with ocean views and partial bay views; Two‑car garage plus one carport space
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