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    1324 W Balboa Blvd Newport Beach, CA 92661

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    For Sale
    $4,200,000

    Rare investment triplex near the beach with income potential.

    Lot size:
    0.07 Acres

    Property Features for 1324 W Balboa Blvd

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1936

    Source: Arbor Real Estate Agent Brandon Hobbs

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newport Beach Triplex Investment Opportunity

    This legally recognized triplex, located in a desirable coastal community of Newport Beach, presents a rare investment opportunity near the beach. The property has been reconfigured into six income-generating units, designed to maximize rental potential and maintain long-term flexibility. Recent updates include interior unit improvements and fresh exterior paint, contributing to a clean and well-maintained appearance. On-site parking is available in a 3-carport. The property offers the potential to convert back to 3 or 4 larger units, providing a flexible exit strategy for future redevelopment or owner-occupant use. The location provides convenient access to the beach, Lido Marina Village, various dining options, shops, and the harbor, making it suitable for both short- and long-term income investors. Interior unit photos and unit rent breakdown are available upon request.
    Insight Report Location Intelligence

    Current Use by Public Records

    CAN Notary Notary Public Pearl Estates Real Estate Agency Envirostyle - Interior Design Interior Designer

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.9182154
    Latitude
    33.6068116

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    FAQs

    What type of property is this?
    Triplex - Rare investment triplex near the beach with income potential.
    Where is this triplex located?
    The property is located at 1324 W Balboa Blvd Newport Beach, CA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - Steps from the beach in a desirable Newport Beach location.; - Legally recognized triplex currently configured as six income-generating units.; - Recently updated with interior unit improvements and fresh exterior paint.
    (714) 765-9880
    Request Owner's contact information
    1324 W Balboa Blvd Newport Beach, CA 92661
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    Newport Beach, CA 92661
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1324 W Balboa Blvd Newport Beach, CA 92661
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