4-Unit Apartment
New
For Sale
$5,695,000
1609 E Balboa Blvd, Newport Beach, CA 92661
Each residence has its own gas and electric service, with water and trash covered by the owner.
Property Size2,800 SF
Days on Market3
Property Features for 1609 E Balboa Blvd
General Information
Standard status
Active
Size
2,800 SF
Total Parking Spaces
3
Property subtype
Investment
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
on-site laundry
shared patio with BBQ
Building Details
Building Size
2,800 SF
Year Built
1949
Buildings
1
Stories
2
Units
4
Listed By:
Lisa Helou
(949) 644-1600
Source:
Elliman
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 11:05AM
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 Lisa Helou
Investment Insights
Based on property information with market context.
Built in 1949, this four-residence apartment property offers a consistent mix of one-bedroom, one-bathroom layouts. Three apartments received full remodels in 2021, followed by a complete renovation of the lower residence in 2025. That unit also has split-system air conditioning and a floor plan that may be reconfigured for two bedrooms. Two sets of stackable washers and dryers serve the property, and tankless water heaters date to 2022. Three residences have attached one-car garages. A shared front patio with seating and a barbecue provides outdoor space. Residents have separate gas and electric service; the owner pays for water, trash, and common laundry costs.
The property is on Balboa Peninsula in Newport Beach, within walking distance of the beach, bay, restaurants, boutiques, schools, and Wedge Beach. The remarks also identify access to a private Bay Beach and tennis club nearby.
The property is on Balboa Peninsula in Newport Beach, within walking distance of the beach, bay, restaurants, boutiques, schools, and Wedge Beach. The remarks also identify access to a private Bay Beach and tennis club nearby.
Key Highlights
- Four residences, each with one bedroom and one bathroom
- Three apartments remodeled in 2021; lower residence renovated in 2025
- Three attached one‑car garages
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,102
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?
Quadplex - Each residence has its own gas and electric service, with water and trash covered by the owner.
Where is this quadplex located?
The property is located at 1609 E Balboa Blvd Newport Beach, CA.
What is the asking price?
The asking price for this property is $5,695,000.
What are key features of this property?
This property features: Four residences, each with one bedroom and one bathroom; Three apartments remodeled in 2021; lower residence renovated in 2025; Three attached one‑car garages
