203 6th Street Newport Beach, CA $ 2,400,000
203 6th Street
$ 2,400,000
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203 6th Street

Newport Beach, CA, 92661
$ 2,400,000
Baths1.0 Sq 1,500

Monthly Estimate*

$ 15,154

Listed by Balboa Realty
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Studio

Multi-Family Home for sale in Newport Beach, CA

for $2,400,000 with 1 full bath. This 1,500 square foot home was built in 1941 on a lot size of 0.05.

RARE BALBOA PENINSULA REDEVELOPMENT OPPORTUNITY. Located in the heart of Newport Beach’s iconic Balboa Peninsula, 203 6th Street presents a unique opportunity for investors, developers, and those seeking to create a new coastal residence in one of Southern California’s most coveted beach communities. The property is currently configured as a triplex consisting of three separate one-bedroom units, offering immediate income potential while providing an exceptional opportunity to reimagine the property for the future. Situated on an approximately 2,178-square-foot lot, the property’s existing configuration provides flexibility for a variety of investment strategies. An investor may choose to maintain and improve the existing three-unit income property, while a developer or owner-user may explore the potential to redevelop the site and maximize its value through a new construction project, subject to City of Newport Beach approvals and applicable zoning and development regulations. The property’s location is a major part of the opportunity. Positioned just moments from the beach, bay, restaurants, shops, and the vibrant entertainment that defines the Balboa Peninsula, this is an exceptionally walkable coastal setting. The combination of a highly desirable Peninsula location, existing multifamily use, and valuable land creates a compelling proposition for buyers looking beyond the current improvements. For developers, the real opportunity lies in the land. The existing structure can serve as a source of rental income while plans are evaluated, or the site can be considered for a future redevelopment project. Buyers should independently verify zoning, allowable density, setbacks, building requirements, parking requirements, and any other development parameters with the City of Newport Beach. Whether acquired as an income-producing triplex, repositioned through renovation, or explored as a future redevelopment site, 203 6th Street offers a rare chance to secure a piece of Balboa Peninsula real estate with significant long-term potential.

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Multi-Family Active

Price

$ 2,400,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.05

Year Built

1941

Town/City

Newport Beach

County/Region

Orange

MLS | Web ID

NP26193591

Days on Market

4

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Electricity Available Natural Gas Available Sewer Available Water Available
Possession Close Of Escrow
Roof Flat
Appliances Refrigerator
HOA Fee 0
Garage Spaces 0
Pool Features None
Construction Materials Stucco
Year Built 1941
Tenant Pays Electricity Gas
View Neighborhood
Stories Count 1
Levels One
Property Subtype Triplex
Gross Income 84300
Waterfront Features Across the Road from Lake/Ocean Ocean Access Ocean Side Of Freeway Ocean Side Of Highway
Community Features Biking Curbs Fishing Storm Drain(s) Street Lights Sidewalks Urban
County Orange
Net Operating Income 77900
Operating Expense 6400
Insurance Expense 2500
New Construction false
Property Type Residential Income
HOA false
Contingency All units are tenant occupied and will require 48 hour notice before showing. Please call or text Artie (949) 500-9832 for all communication. The information in this listing is deemed reliable but should be verified by the purchaser. Buyer responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
Subdivision Name Balboa Peninsula (Residential) (BALP)
Facing Direction Southeast
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Balboa Blvd. to 6th St. in between the Newport and Balboa Piers
City Newport Beach
Entry Location 1
Senior Community Y/N false
Number Of Units Total 3
MLS Area NP - Balboa Peninsula
Lot Size Units Square Feet
Lot Size Square Feet 2178
Number of Units Leased 3
Listing Terms Cash Cash to New Loan Conventional Submit
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Current Financing None
Property Condition Fixer
Trash Expense 1000
Water Sewer Expense 2400
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 4
Total Actual Rent 84300
Property Sub Type Additional Triplex
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Interior
Interior Amenities Ceiling Fan(s) All Bedrooms Down
Flooring Carpet Tile Vinyl
Fireplace Features None
Total Stories 1
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside
Entry Level 1
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Exterior
Fencing Wood
Parking Features None
Lot Features Value In Land
Water Source Public
Total Parking 0
Lot Size Area 2178
Foundation Details Slab
Number of Buildings 1
Spa false
Building Area Total 1500
Lot Size Acres 0.05
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded Features
List By
Balboa Realty

Broker

artie@gobalboa.com

Email

Affordability Calculator

$15,154
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$15,154
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Default based on a 30-year fixed rate of 6.49% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/4/2026$2,400,000 Listed Price

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203 6th Street, Newport Beach, CA, 92661 is a Multi-Family Home for sale at $2,400,000 with 1,500 sqft and a lot size of 0.05. 203 6th Street is a studio with 1.0 baths and was built in 1941. The property's zip code is 92661 which is in Newport Beach, CA