$ 3,295,000
-
$3,295,000
Price -
7
Bed -
6
Bath -
2,879
SqFt -
0.07
Acre
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About the Listing OC08159 - SWOLLBRI
A rare corner-lot multifamily opportunity on Newport Beach’s Balboa Peninsula, 1200 W Balboa Boulevard combines an elevated, raised-foundation setting, a versatile THREE-UNIT CONFIGURATION, and exceptional coastal walkability. The upper-level three-bedroom, two-bathroom unit features a standout deck with outstanding OCEAN-VIEWS AND PARTIAL BAY VIEWS. Two single-level, two-bedroom, two-bathroom residences occupy the front and rear of the property, separated by a shared courtyard and community laundry room. A two-car garage and an additional carport space provide valuable parking. Held by the same owner for nearly 40 years, the property reflects longstanding pride of ownership and offers compelling potential for investors and buyers seeking an owner’s residence with rental income. Well-maintained interiors are complemented by a newer roof, dual-pane windows, ongoing termite maintenance, upgraded ABS drain lines, and upgraded electrical panels. The upper residence also features central heating. With tenants in place and strong rental upside potential, the property offers established income and an appealing opportunity for long-term growth. Its thoughtful configuration is equally attractive for those looking to occupy one residence while renting the others. Centrally located between Marina Park, Newport Pier, and the Balboa Fun Zone, this quiet coastal setting places beaches, bayfront recreation, dining, and shopping within easy reach—an exceptional opportunity to enjoy and invest in the Peninsula lifestyle.
Listing Highlights for 1200 W Balboa
Interior Details
- Bedrooms: 7
- Bathrooms: 6 Full
- Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan
- Air Cond:
- Heating: Central,Wall Furnace
- Fireplaces:
- Floor: Carpet,Tile,Vinyl
- Basement:
- Other: Built-in Features,Ceiling Fan(s),Living Room Deck Attached,Open Floorplan,Storage,Track Lighting
- Water: Public
Exterior Details
- Lot Description: Corner Lot,Drip Irrigation/Bubblers,Landscaped,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 3
- Roof: Composition,Shingle
- Others: Lighting,Rain Gutters,Updated/Remodeled,Stucco,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Carport,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 04723411
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1200 W Balboa Newport Beach, CA 92661
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