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1213 W Balboa Boulevard
NP - Balboa Peninsula Newport Beach 92661

$3,100,000
Residential Income built: 1952

1213 and 1209 W. Balboa
Photo 1: 1213 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25069687
Photo 2: 1213 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25069687
Photo 3: 1213 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25069687
Photo 4: 1213 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25069687
Photo 5: 1213 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25069687
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
NP25069687
Year Built:
1952
Outstanding investment opportunity for the buyer with a vision. Just one house to the beach and very close to all that Balboa Peninsula offers. This two story triplex offers exceptional long term rental income, close proximity to the oceanfront and plenty of garage and parking 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 five years and can be used as rentals yearly or summer/winter rentals to maximize income stream. There are two units with 2 bedrooms 2 bathrooms and one unit over the garage with 1 bedroom and 1 bathroom. All units are currently occupied. Next door is 1209 W. Balboa and is the exact mirror of 1213. Buy one or buy both and create a development project with high enough build to enjoy white water views year round for the upper units. The highest and best use of this land would be to build 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.
Property Sub Type:
Triplex
Property Attached:
Yes
Lot Area:
3,049 sq. ft.
Lot Details:
31x103x31x103
Bathrooms:
- (Full:-, Half:-)
Year built:
1952 (Age: 73)
General Listing Location:
Newport Beach, NP - Balboa Peninsula
County Or Parish:
Orange
Tenant Pays:
Cable TV, Electricity, Gas, Water
Common Interest:
None
Gross Income:
$97,956
Gross Scheduled Income:
$97,956
Net Operating Income:
$83,302
Rent Control:
No
Total Actual Rent:
$97,956
Association Fee:
$0
Land Lease:
No
Electric Expense:
$0
Fuel Expense:
$0
Insurance Expense:
$1,609
Operating Expense:
$14,654
Other Expense:
$13,735
Trash Expense:
$30
Water and Sewer Expense:
$392
Tax Lot:
21
Tax Block:
12
Tax Tract:
234
West Balboa at 12th street
Floor
Type
Size
Other
-
Bedroom
Measurements not available
All Bedrooms Down
-
Kitchen
Measurements not available
-
-
Bedroom
Measurements not available
All Bedrooms Up
-
Living Room
Measurements not available
-
View:
None
Appliances:
Electric Range, Gas Water Heater, Refrigerator
Accessibility Features:
Parking
Number of Buildings:
1
# of Electric Meters:
3
# of Gas Meters:
3
# of Water Meters:
3
# Units Leased:
3
Community Features:
Storm Drain(s), Street Lights, Sidewalks, Water Sports
Senior Community:
No
Interior Features:
Beamed Ceilings, High Ceilings, All Bedrooms Up, All Bedrooms Down
Laundry Features:
Common Area
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
2-5 Units/Acre, Rectangular Lot
Waterfront Features:
Beach Access, Ocean Side Of Highway
Fireplace Features:
None
Subdivision Name:
Balboa Peninsula (Residential) (BALP)
Levels:
Two
Num Stories:
2
Entry Level:
2
Entry Location:
ground level
New Constr.:
No
Flooring:
Carpet, Laminate
Foundation:
Slab
Common Walls:
2+ Common Walls
# Units:
3
Heating:
Wall Furnace
Fireplace:
No
Cooling:
None
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water supply:
Public
Sewer:
Public Sewer
Spa:
No
Road Frontage Type:
Alley
Road Surface Type:
Paved
Garage Spaces:
3
Uncovered Spaces:
3
Total Parking Spaces:
6
Parking Features:
Assigned
Special Listing Conditions:
Standard, Trust
Parcel Number:
04724110
Zoning:
R2
  • Photo 1: 1213 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25069687
    1213 and 1209 W. Balboa
  • Photo 2: 1213 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25069687
    Rear Garages and additional parking
  • Photo 3: 1213 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25069687
    Water views from new structure/build project
  • Photo 4: 1213 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25069687
    White water views New Structure
  • Photo 5: 1213 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25069687
    Remodel or rebuild on this great location
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Listed by Karly Brown, Broker
Data was last updated April 15, 2025 at 04:40 PM (UTC)
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Based on information from California Regional Multiple Listing Service, Inc. as of April 15, 2025 at 04:40 PM (UTC) and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.