$7,995,000
$505K PRICE DROP

Estimated payment $51,220/month

Total Views 12,222
7 Beds
5 Baths
4,384 Sq Ft
$1,824 Price per Sq Ft

Highlights

  • Beach Front
  • Ocean View
  • Fishing
  • Newport Elementary School Rated A
  • Property has ocean access
  • 3-minute walk to Marina Park

About This Home

This exceptional three-unit beach house offers the ultimate coastal lifestyle, featuring two front units (3-bed/2-bath and 2-bed/2-bath) and a private rear unit (1-bed/1-bath), all thoughtfully designed for comfort and functionality. Highlights include a rooftop deck perfect for entertaining, a welcoming boardwalk patio and porch, and a rare three-car garage, combining practicality with stunning aesthetics. Perfectly situated along the boardwalk, this property is just steps from Marine Park, the iconic American Legion Post 291, and within walking distance to Newport Elementary, offering unmatched convenience and leisure. Don’t miss this rare opportunity to own a piece of beachfront paradise.

Listing Agent

Kev Haleblian

Compass Brokerage Phone: 9497811031 License #02216442 Listed on: 01/05/2025

Compass

Co-Listing Agent

Mark Todd

Compass Brokerage Phone: 9497811031 License #01168021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 3,075 Sq Ft Lot
  • Lot Dimensions are 30x103
  • Beach Front
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Rear-Facing Garage

Property Views

  • Ocean
  • Coastline
  • Catalina

Home Design

  • Triplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Flat Roof Shape
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 4,384 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Dual Staircase
  • Brick Wall or Ceiling
  • Skylights
  • Family Room with Fireplace
  • Living Room
  • Home Office
  • Loft
  • Sun or Florida Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Double Master Bedroom
  • Multi-Level Bedroom
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • Dryer

Outdoor Features

  • Property has ocean access
  • Balcony

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Connected
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Property is near a park

Listing and Financial Details

  • Legal Lot and Block 6 / 15
  • Tax Tract Number 234
  • Assessor Parcel Number 04721118
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Balboa Peninsula Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Fishing
  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Trash Expense $100
  • Operating Expense $100
  • Gross Income $264,000
  • Net Operating Income $252,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: 9497811031
  • Price Per Unit: 2665000
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 04721118
  • Year Built: 1947
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Balcony, Brick Walls, Furnished
  • Stories: 3
  • Entry Location: Side of the house
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Three Or More
  • Price Per Square Foot: 1823.68
  • Room Type: Kitchen, Laundry, Living Room, Loft, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Multi-Level Bedroom, Office, Separate Family Room, Sun, Two Primaries
  • Window Features: Skylight(s)

Exterior Features

  • Foundation: Raised
  • View: Catalina, Coastline, Ocean, Water
  • Pool Private: No
  • Roof: Flat, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Heating Type: Fireplace(s), Wall Furnace
  • Laundry Features: Common Area, Community, Dryer Included, In Carport, In Closet
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Park, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Park Nearby
  • Lot Size: 30x103
  • Lot Size Sq Ft: 3075.00
  • Lot Size Acres: 0.0706

Rental Info

  • Tenant Pays: None

Multi Family

  • Gross Income: 264000.00
  • Gross Scheduled Income: 264000.00
  • Lot Size Area: 3075.0000 Square Feet
  • Net Operating Income: 252000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Range: 3
  • Number With Refrigerator: 4
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Actual Rent: 2500.00
  • Total Expenses: 100.00
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Block: 15
  • Tax Lot: 6
  • Tax Tract Number: 234

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 Price Changed $7,995,000 -5.9% $1,824 / Sq Ft
03/05/2025 03/05/25 For Sale $8,500,000 0.0% $1,939 / Sq Ft
02/21/2025 02/21/25 Off Market $8,500,000 -- --
02/21/2025 02/21/25 For Sale $8,500,000 0.0% $1,939 / Sq Ft
02/20/2025 02/20/25 Off Market $8,500,000 -- --
01/05/2025 01/05/25 For Sale $8,500,000 -- $1,939 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25001303

California Regional Multiple Listing Service (CRMLS)

APN: 047-211-18