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109 E Balboa Boulevard

Newport Beach, CA 92661

– beds
– baths
– sqft
2,178 sqft lot
1959 build
– on site

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Situated just one house from the boardwalk and mere blocks from the lively Balboa Village and Fun Zone, this three-story triplex offers prime coastal living and an exceptional investment opportunity. Priced at $1,200 per square foot—well below the average for comparable properties on the Balboa Peninsula—this property presents significant value. With all tenants on month-to-month leases, it’s a great redevelopment opportunity or a chance to collect steady rental income and benefit from future appreciation. Designed and built by renowned architect Svend Nielsen, the property exudes unique charm and thoughtful design. Each of the three units includes 2 bedrooms, 1 bathroom, and in-unit laundry for convenience. The second and third-floor units enjoy peek-a-boo ocean views, while all units offer private outdoor spaces, including balconies. Additional amenities include a two-car carport for the second- and third-floor units, a ground-floor private shower room, and recent upgrades such as a roof replacement in 2023, a Tesla solar system, and smart home features, including automated blinds, thermostats, and a security system—all controllable remotely. The property is professionally managed, generating stable income with the potential for future rent growth. Don’t miss this rare opportunity to invest in a prime coastal location with endless possibilities.

Listed By CRMLS_CA / Greg Blake / Coldwell Banker Realty / 949-500-8684

Last checked: Checking… • Last updated Nov 18, 2024 •

MLS# NP24177675 —

The Building

Year Built:

1959
Year Built Source:

See Remarks
New Construction:

No
Entry Level:

1
Common Walls:

1 Common Wall
Number With Patio:

3
Building Area Total:

2815.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

3
Stories Total:

3
# of Separate Gas Meters:

3
# of Separate Water Meters:

1
# of Separate Electric Meters:

2

Interior

Features:

Balcony, Ceiling Fan(s)
Levels:

Three Or More
Entry Location:

1
Flooring:

Laminate
Room Type:

Galley Kitchen, Kitchen, Living Room
Fireplace:

Yes
Fireplace:

Living Room
Laundry:

Inside
Laundry:

1

Location

Directions:

E Balboa Blvd and Island Ave
Latitude:

33.60359100
Longitude:

-117.90579700

The Property

Property Type:

Residential Income
Subtype:

Triplex
Lot Features:

2-5 Units/Acre
Lot Size Area:

2178.0000
Lot Size Acres:

0.0500
Lot Size SqFt:

2178.00
Lot Size Source:

Assessor
View:

1
View:

Coastline, Neighborhood, Ocean, Peek-A-Boo
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

11
Tax Census Tract:

628.00
Tax Tract:

219
Tax Lot:

9

The Listing

Special Listing Conditions:

Standard
Parcel Number:

04807422

Heating & Cooling

Heating:

1
Heating:

Fireplace(s), Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher, Electric Cooktop
Included:

Yes

The Community

Subdivision:

Balboa Peninsula (Residential) (BALP)
Subdivision:

Balboa Peninsula (Residential) (BALP)
Senior Community:

No
Features:

Sidewalks, Storm Drains, Street Lights
Pool:

None
Private Pool:

No
Waterfront Features:

Across the Road from Lake/Ocean
Spa Features:

None
Association:

No

Parking

Parking:

Yes
Parking:

Carport
Parking Spaces:

2.00
Carport Spaces:

2.00

Extra Units

Number With Disposal:

3
Number With Dishwasher:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
11/15/24 Nov 15, 2024		BRIDGE	$3,380,000
10/10/24 Oct 10, 2024		BRIDGE	$3,380,000
10/10/24 Oct 10, 2024	Sold Subject To Contingencies	CRMLS_CA	$3,380,000

Multifamily Sold on 11/18/2024

$3,350,000

Listing provided by broker:

Greg Blake

Coldwell Banker Realty

949-500-8684

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Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 06:16 on Nov 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

109 E Balboa Boulevard

Newport Beach, CA 92661