1213 W Balboa Blvd Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated payment $20,419/month
Highlights
- Beach Access
- All Bedrooms Downstairs
- High Ceiling
- Newport Elementary School Rated A
- Ocean Side of Highway 1
- 3-minute walk to Newport Beach Playground
About This Home
Outstanding investment opportunity for the buyer with a vision. Just one house to the beach and very close to all that Balboa Peninsula offers. This two story triplex offers exceptional long term rental income, close proximity to the oceanfront and plenty of garage and parking space for all units. Tenants enjoy the use of the laundry room, relaxing areas in the courtyard or front patio. This property has been upgraded over the last five years and can be used as rentals yearly or summer/winter rentals to maximize income stream. There are two units with 2 bedrooms 2 bathrooms and one unit over the garage with 1 bedroom and 1 bathroom. All units are currently occupied. Next door is 1209 W. Balboa and is the exact mirror of 1213. Buy one or buy both and create a development project with high enough build to enjoy white water views year round for the upper units. The highest and best use of this land would be to build stacked condo's with elevators and balconies. The city of Newport Beach has consulted with an architect on the possible future development of 1209 and 1213 W. Balboa. Hurry because this type of property sells fast in Newport Beach, Balboa Peninsula.
Last Listed By
Karly Brown, Broker Brokerage Phone: 949-355-8006 License #01189690 Listed on: 04/12/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 31x103x31x103
- Property fronts an alley
- Two or More Common Walls
- Rectangular Lot
- Density is 2-5 Units/Acre
Parking
- 3 Open Parking Spaces
- 3 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Triplex
- Slab Foundation
Interior Spaces
- 2-Story Property
- Beamed Ceilings
- High Ceiling
- Living Room
- Electric Range
- Laundry Room
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- All Bedrooms Down
- All Upper Level Bedrooms
- 5 Bathrooms
Accessible Home Design
- Accessible Parking
Outdoor Features
- Beach Access
- Ocean Side of Highway 1
- Exterior Lighting
Utilities
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Legal Lot and Block 21 / 12
- Tax Tract Number 234
- Assessor Parcel Number 04724110
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Units
- Balboa Peninsula Subdivision
Amenities
- Laundry Facilities
Recreation
- Water Sports
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $1,609
- Other Expense $13,735
- Trash Expense $30
- Water Sewer Expense $392
- Operating Expense $16,293
- Gross Income $97,956
- Net Operating Income $83,302
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2025 05/19/25 | Pending | -- | -- | -- |
| 04/12/2025 04/12/25 | For Sale | $3,100,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25069687
APN: 047-241-10
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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