1324 W Balboa Boulevard Newport Beach, CA ^$ 4,200,000

1324 W Balboa Boulevard

^$ 4,200,000

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1324 W Balboa Boulevard

Newport Beach, CA, 92661

^$ 4,200,000

Studio Baths2.0 Sq 3,336

Monthly Estimate*

^$ 26,203

Listed by Arbor Real Estate

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Studio

Multi-Family Home for sale in Newport Beach, CA

for $4,200,000 with 2 full baths. This 3,336 square foot home was built in 1936 on a lot size of 0.07.

Rare investment opportunity just steps from the sand and surf in one of Newport Beach’s most sought-after coastal communities. This legally recognized triplex has been previously reconfigured into six income-generating units, maximizing rental potential while preserving long-term flexibility. The property has been recently updated, including interior unit improvements and fresh exterior paint, offering a clean and well-maintained impression throughout. On-site 3-carport parking adds convenience for tenants. With easy potential to convert back to 3 or 4 larger units, this property offers a flexible exit strategy for future redevelopment or owner-occupant use. Situated just a short stroll to the beach, Lido Marina Village, top dining, shops, and the harbor, this is a prime opportunity for both short- and long-term income investors. Interior unit photos and unit rent breakdown available upon request.

Multi-Family Active

Price

^$ 4,200,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.07

Year Built

1936

Town/City

Newport Beach

County/Region

Orange

MLS | Web ID

OC25162276

Days on Market

155

Features

General

Sewer Public Sewer

HOA Fee 0

Garage Spaces 0

Pool Features None

Year Built 1936

Stories Count 2

Levels Two

Property Subtype Triplex

Gross Income 175200

Community Features Sidewalks

County Orange

Net Operating Income 165364

Operating Expense 9836

Insurance Expense 3313

New Construction 0

Property Type Residential Income

HOA 0

MaintenanceExpense 600

Subdivision Name Balboa Peninsula (Residential) (BALP)

Garage Y/N 0

Special Listing Conditions Standard

Status Active

Directions Continue straight as the 55 Freeway ends it turns into Newport Blvd. continue heading south for about 2.5 miles.After crossing the Balboa Blvd/32nd Street intersection veer right onto W Balboa Blvd. about 1 mile on your right near F St.

City Newport Beach

Entry Location Main

Senior Community Y/N 0

Number Of Units Total 6

MLS Area NP - Balboa Peninsula

Lot Size Units Square Feet

Lot Size Square Feet 3049

Carport Spaces 3

Carport Y/N 1

Number of Units Leased 6

Listing Terms Cash Cash to New Loan

Property Attached Y/N 1

Land Lease Y/N 0

Electric Expense 2653

Fuel Expense 1270

Trash Expense 600

Water Sewer Expense 1400

Additional Parcels Y/N 0

Rent Control Y/N 0

Virtual Tour https://player.vimeo.com/video/1102668747?badge=0&autopause=0&player_id=0&app_id=58479 https://player.vimeo.com/video/1102668758?badge=0&autopause=0&player_id=0&app_id=58479

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 7

Total Actual Rent 14600

Property Sub Type Additional Triplex

Interior

Total Stories 2

Common Walls 2+ Common Walls

Laundry Features Common Area

Entry Level 1

Exterior

Parking Features Carport

Lot Features 6-10 Units/Acre

Water Source Public

Total Parking 3

Lot Size Area 3049

Number of Buildings 1

Building Area Total 3336

Lot Size Acres 0.07

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 3

Number of Separate Electric Meters 3

* Excluded Features

List By

Arbor Real Estate

Broker

brandon@brandonhobbsgroup.com

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$26,203

Per Month

Monthly Principal & Interest: $26,203
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Newport Beach, CA

Average List Price ^$6,102,416

Percent of Sale Price 45%

About Newport Beach, CA

87,617 Population

11% Since 2002

^$123,504 Median Income

45.15 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$4,200,000		Listed Price

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1324 W Balboa Boulevard, Newport Beach, CA, 92661 is a Multi-Family Home for sale at $4,200,000 with 3,336 sqft and a lot size of 0.07. 1324 W Balboa Boulevard is a studio with 2.0 baths and was built in 1936. The property's zip code is 92661 which is in Newport Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/20/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1324 W Balboa Boulevard

Multi-Family Home for sale in Newport Beach, CA

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