Newport Beach, CA 92661,1209 W Balboa Boulevard
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Newport Beach, CA 92661,1209 W Balboa Boulevard
Newport Beach, CA 92661,1209 W Balboa Boulevard
Newport Beach, CA 92661,1209 W Balboa Boulevard
Newport Beach, CA 92661,1209 W Balboa Boulevard
Alonzo Steele
Alonzo Steele

Agent

+1(858) 336-9769

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$ 2,700,000

$ 3,100,000 12.9%

Est. payment /mo
Sold on 06/27/2025

1209 W Balboa Boulevard Newport Beach, CA 92661

5 Beds

5 Baths


UPDATED:

Key Details

Sold Price $2,700,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NP25068186

Sold Date 06/27/25

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

Property Description

Outstanding investment opportunity for the buyer with a vision. Just one house to the beach and very close to all the Balboa Peninsula offers. This two story triplex offers exceptional long term rental income, close proximity to the oceanfront and plenty of parking/garage 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 5 years and can be used as rentals yearly or summer/winter rentals to maximize income stream. There are two units with 2 bedrooms and 2 bathrooms and one unit over garage is 1 bedroom and 1 bathroom. All units are currently occupied. Next door is 1213 W. Balboa and is the exact mirror of 1209. Buy one or buy both and create a development project with a high enough build to enjoy white water views year round from the upper units. The highest and best use would be 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!

Location

State CA

County Orange

Zoning Assessor

Direction 12th and W. Balboa

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 04724111


MLS Router / San Diego MLS
Listed by Karly Brown Karly Brown, Broker
Bought with Tara McNabb Compass
agent

Alonzo Steele

Agent

+1(858) 336-9769

GET MORE INFORMATION

Name
Phone*
Message

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1209 W Balboa Boulevard