126 E BalboaNewport Beach, CA 92661

Description

Exceptional Balboa Peninsula Triplex – Steps from the Ocean and Bay! A rare opportunity to own an income-producing triplex on one of Newport Beach’s most desirable streets, just 250 feet from the sandy beach and 500 feet from the Newport pier and 700 feet from the Newport Pavilion. Perfect for owner users / investors seeking strong returns, flexible rental options, and long-term appreciation. This fully upgraded property includes three beautifully maintained units, each with its own mini-split A/C system, modern finishes, and private laundry. All three units are currently occupied on month-to-month leases, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired. Front House (126 E Balboa Blvd) – 2 Bedrooms | 1 Bathroom | Fireplace. A bright and inviting front home featuring an open living area with fireplace, upgraded kitchen, detached indoor laundry room, and storage area. The property also boasts an **expansive raised front patio—the largest on the block—**perfect for entertaining or maximizing tenant appeal. Upper Unit (126 ½ E Balboa Blvd) – 1 Bedroom + Loft/Office | 1 Bathroom. This upper-level unit features a light-filled living area, modern kitchen, in-unit laundry, and a private balcony with peek-a-boo ocean view—ideal for professionals, couples, or as a premium vacation rental. Lower Unit (126 ¼ E Balboa Blvd) – 1 Bedroom | 1 Bathroom. Compact, efficient, and beautifully updated, the lower unit offers a cozy living space and kitchen, with laundry conveniently located in the attached garage. All units have been upgraded and are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable location—close to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferry—this triplex enjoys consistent tenant demand and strong year-round occupancy. Immediate income – all units occupied on month-to-month leases. Prime location – short walk to sand, surf, and bay. High rental potential – flexible use for long-term, short-term, or owner-occupied investment. Rare Peninsula find – upgraded, air-conditioned, and well maintained Whether you’re an investor expanding your portfolio or a buyer seeking a beachside income property with exceptional upside, 126 E Balboa Blvd is the one to see. Invest where everyone wants to stay—and earn while you plan your next move.

Property Information

Property type

Residential Income

Sub-type

Triplex

Style

Bungalow / PatioHome

Year built

1912

Stories

1

Building area

2,000 Sq Ft

Lot size

0.05 acres

Lot dimensions

70x30

Garage spaces

1

Parking spaces

1

Days on market

354

MLS^® Listing#

IV25238475

Property Features

Interior

Granite Counters · High Ceilings · Pantry · Recessed Lighting · Storage

Appliances

Dishwasher · Gas Cooktop · Disposal · Gas Oven · Gas Range · Gas Water Heater · Microwave · Water Heater

Cooling

Electric

Heating

Wall Furnace

Flooring

Carpet · Laminate

Fireplace

Family Room

Pool

None

Parking

Garage · None · Permit Required · Private · Garage Faces Rear

Laundry

Washer Hookup · Electric Dryer Hookup · Gas Dryer Hookup · In Garage · Laundry Room · Upper Level

Fencing

Privacy · Wood · Wrought Iron

Lot features

Level · Rectangular Lot

Construction

Block

Foundation

Slab

Roof

Shingle

Windows

Screens

Security

Security System · Carbon Monoxide Detector(s) · Smoke Detector(s) · Security Lights

Community

Curbs · Fishing · Golf · Park · Street Lights · Suburban · Sidewalks

Utilities

Cable Connected · Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$28,457Tax year 2024

Parcel number

04807216

Directions

From CA-55 S, continue onto Newport Blvd to Balboa Peninsula. Left on Balboa Blvd, go ½ mile—property on left after Island Ave before Medina Way, one block from beach and two blocks from bay