Property Details
About this Property
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 opportun
MLS Listing Information
MLS #
CRNP24177675
MLS Source
California Regional MLS
Interior Features
Appliances
Dishwasher, Other
Flooring
Laminate
Cooling
None
Heating
Fireplace, Wall Furnace
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Greg Blake
Coldwell Banker Realty
License #: 01227057
Phone: –
Co-Listing Agent
Tim Smith
Coldwell Banker Realty
License #: 01346878
Phone: (949) 478-2295
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
109 E Balboa Bld is a Triplex in Newport Beach, CA 92661. This – square foot property sits on a 2,178 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,350,000 and was built in 1959. This address can also be written as 109 E Balboa Bld, Newport Beach, CA 92661.
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This listing information is up-to-date as of November 18, 2024. For the most current information, please contact Greg Blake
