Balboa Peninsula Triplex Near
For Sale
$2,998,000
126 E Balboa, Newport Beach, CA 92661
Upgraded triplex steps from the ocean and bay.
Property Size2,000 SF
Lot Size0.05 Acres
Days on Market213
Property Features for 126 E Balboa
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.05 Acres
Property subtype
Investment
Lease Term
Month-to-month
Taxes and HOA fees
Annual Taxes
$28,457
Building Details
Building Size
2,000 SF
Year Built
1912
Stories
1
Units
3
Listed By:
ARIANNA ANASTASIA
(951) 363-0002
Source:
Elliman
Added: Mar 11
Changed: Oct 7
Last Checked: Oct 7 at 1:08PM
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 ARIANNA ANASTASIA
Investment Insights
Based on property information with market context.
This triplex is located on Balboa Peninsula, 250 feet from the beach, 500 feet from the Newport pier and 700 feet from the Newport Pavilion. It is suitable for owner-users or investors. The property features three upgraded units, each equipped with a mini-split A/C system, modern finishes, and private laundry. All units are currently occupied on month-to-month leases. The front house includes 2 bedrooms, 1 bathroom, a fireplace, an open living area, an upgraded kitchen, a detached indoor laundry room, and a storage area. It also features a large raised front patio. The upper-level unit has 1 bedroom, a loft/office, 1 bathroom, a light-filled living area, a modern kitchen, in-unit laundry, and a private balcony with an ocean view. The lower unit offers 1 bedroom, 1 bathroom, a living space and kitchen, with laundry in the attached garage. The property is located near Balboa Pier, Balboa Village, the Fun Zone, and the Balboa Ferry. The property is suitable for long-term, short-term, or owner-occupied investment.
Key Highlights
- Prime Balboa Peninsula location: Steps from the beach, bay, Balboa Pier, Balboa Village, and the Fun Zone.
- Income‑producing triplex: Immediate rental income from three fully occupied units on month‑to‑month leases.
- Fully upgraded and well‑maintained: Turnkey property with modern finishes, individual mini‑split A/C systems, and private laundry in each unit.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Upgraded triplex steps from the ocean and bay.
Where is this triplex located?
The property is located at 126 E Balboa Newport Beach, CA.
What is the asking price?
The asking price for this property is $2,998,000.
What are key features of this property?
This property features: Prime Balboa Peninsula location: Steps from the beach, bay, Balboa Pier, Balboa Village, and the Fun Zone.; Income‑producing triplex: Immediate rental income from three fully occupied units on month‑to‑month leases.; Fully upgraded and well‑maintained: Turnkey property with modern finishes, individual mini‑split A/C systems, and private laundry in each unit.
