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1209 W Balboa Boulevard
NP - Balboa Peninsula Newport Beach 92661

$3,100,000
Residential Income built: 1952

1209 & 1213 W. Balboa
Photo 1: 1209 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25068186
Photo 2: 1209 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25068186
Photo 3: 1209 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25068186
Photo 4: 1209 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25068186
Photo 5: 1209 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25068186
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
NP25068186
Year Built:
1952
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!
Property Sub Type:
Triplex
Property Attached:
Yes
Lot Area:
3,049 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Year built:
1952 (Age: 73)
General Listing Location:
Newport Beach, NP - Balboa Peninsula
County Or Parish:
Orange
Tenant Pays:
All Utilities, Water
Common Interest:
None
Gross Income:
$98,520
Gross Scheduled Income:
$104,490
Net Operating Income:
$97,143
Rent Control:
No
Total Actual Rent:
$104,490
Land Lease:
No
Electric Expense:
$80
Insurance Expense:
$1,609
Operating Expense:
$7,347
Trash Expense:
$20
Water and Sewer Expense:
$60
Vacancy Allowance Rate:
$2
Tax Lot:
22
Tax Block:
12
12th and W. Balboa
Floor
Type
Size
Other
-
Bedroom
Measurements not available
All Bedrooms Down
-
Bedroom
Measurements not available
All Bedrooms Up
View:
None
Appliances:
Electric Range, Gas Water Heater
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:
All Bedrooms Up, All Bedrooms Down, Beamed Ceilings
Laundry Features:
Common Area
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Rectangular Lot, 2-5 Units/Acre
Waterfront Features:
Beach Access
Fireplace Features:
None
Security Features:
Smoke Detector(s)
Levels:
Two
Num Stories:
2
Entry Level:
2
Entry Location:
1
New Constr.:
No
Flooring:
Laminate
Foundation:
Slab
Common Walls:
2+ Common Walls
# Units:
3
Heating:
Wall Furnace
Fireplace:
No
Cooling:
None
Utilities:
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water supply:
Public
Sewer:
Public Sewer
Spa:
No
Road Surface Type:
Paved
Garage Spaces:
3
Uncovered Spaces:
3
Total Parking Spaces:
6
Parking Features:
Assigned, Door-Single, Garage, Garage Faces Rear, Tandem, Uncovered
Special Listing Conditions:
Standard, Trust
Parcel Number:
04724111
  • Photo 1: 1209 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25068186
    1209 & 1213 W. Balboa
  • Photo 2: 1209 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25068186
    Rear Garages
  • Photo 3: 1209 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25068186
    View from redevelopment of property
  • Photo 4: 1209 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25068186
    Ocean View
  • Photo 5: 1209 W Balboa Boulevard in Newport Beach: Residential Income for sale (NP - Balboa Peninsula) : MLS®# NP25068186
    Upgrade or Build new structures
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Listed by Karly Brown, Broker
Data was last updated April 15, 2025 at 08:40 PM (UTC)
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Based on information from California Regional Multiple Listing Service, Inc. as of April 15, 2025 at 08:40 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.