Triplex Converted to Six
For Sale
$24,995,000
1324 E Balboa Boulevard, Newport Beach, CA 92661
Updated six-unit residential income property with carport parking, offering flexibility to reconfigure back to larger units.
Property SizeContact for details
Days on Market71
Property Features for 1324 E Balboa Boulevard
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Commercial
Additional Details
Multifamily Units
6
Building Details
Year Built
2017
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(559) 638-3651
Listed By:
Tim Smith (tim@timsmithgroup.com)
Source:
Valleyland
Added: Jun 26
Changed: Sep 4
Last Checked: Sep 4 at 6:44AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This legally recognized triplex has been previously reconfigured into six income-generating units, creating a multi-unit setup designed for rental use. Recent updates include interior improvements and fresh exterior paint, giving the property a clean, maintained appearance. On-site parking is provided via a 3-carport arrangement for tenant convenience. The configuration can also be revisited, with stated flexibility to convert back to 3 or 4 larger units depending on future ownership goals.
The property is located at 1324 W Balboa Boulevard in Newport Beach, just steps from the beach in a coastal community. It is described as within a short stroll to Lido Marina Village, dining, shops, and the harbor, supporting an everyday location that appeals to residents seeking walkable access to coastal amenities.
For buyers and operators, the six-unit structure offers an income-oriented residential configuration, while the ability to reconfigure back to fewer, larger units provides an additional planning pathway. The combination of unit updates, on-site covered parking, and the property’s coastal proximity is intended to support both short- and long-term residential objectives, with additional unit and rent detail available upon request.
The property is located at 1324 W Balboa Boulevard in Newport Beach, just steps from the beach in a coastal community. It is described as within a short stroll to Lido Marina Village, dining, shops, and the harbor, supporting an everyday location that appeals to residents seeking walkable access to coastal amenities.
For buyers and operators, the six-unit structure offers an income-oriented residential configuration, while the ability to reconfigure back to fewer, larger units provides an additional planning pathway. The combination of unit updates, on-site covered parking, and the property’s coastal proximity is intended to support both short- and long-term residential objectives, with additional unit and rent detail available upon request.
Key Highlights
- 1936‑built legally recognized triplex recently reconfigured into six income‑generating units
- Recently updated with interior unit improvements and fresh exterior paint
- On‑site 3‑carport parking for tenants
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated six-unit residential income property with carport parking, offering flexibility to reconfigure back to larger units.
Where is this apartment building located?
The property is located at 1324 E Balboa Boulevard Newport Beach, CA.
What is the asking price?
The asking price for this property is $24,995,000.
What are key features of this property?
This property features: 1936‑built legally recognized triplex recently reconfigured into six income‑generating units; Recently updated with interior unit improvements and fresh exterior paint; On‑site 3‑carport parking for tenants
