1028 W Balboa Boulevard, Newport Beach, CA

$2,595,000

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0.07

Acres

About 1028 W Balboa Boulevard

Located steps from the beach and bay, this triplex presents the golden opportunity for an investor to purchase a trophy-location residential income asset in the heart of the highly sought-after Balboa Peninsula. 1028 W Balboa consists of three well-maintained units: a spacious two-bed/one-bath front unit, a completely renovated and turn-key one-bed/one-bath middle unit, and an even larger two-bed/one-bath back unit with a private balcony. The ally-facing carport features parking for three large cars plus locking storage. As a legal grandfathered triplex, this property's incredible location and key zoning offers tremendous upside for investors and provides buyers seeking to owner-occupy the opportunity to cash flow two units while living in one. Centrally located just blocks from numerous top-notch restaurants, premier retail destinations, and leisure activities. When considering the sum of great wealth accumulation through asset appreciation, along with the in-demand area's continuous growth in rental demand, this property is an ideal investment with great asset security for any smart investor looking to own on the coveted Balboa Peninsula. PROPERTY VIDEO: https://youtu.be/QI8Mane_H0U

Features of 1028 W Balboa Boulevard

MLS® # 21100203
Price $2,595,000
Bathrooms 0.00
Acres 0.07
Year Built 1964
Type Residential Income
Status Active Under Contract

Community Information

Address 1028 W Balboa Boulevard
Area NP - Balboa Peninsula
City Newport Beach
County Orange
State CA
Zip Code 92661

Amenities

Parking Spaces 3
Parking Carport, Covered, Storage
Garages Carport, Covered, Storage
Is Waterfront No
Has Pool No

Interior

Cooling None
Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed November 11th, 2021
Days on Market 26
Zoning R2
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentAndrew Kaiser
OfficeMatthews Real Estate Investment Services

Listing Map

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