About 1213 Balboa Boulevard
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.
Features of 1213 Balboa Boulevard
| MLS® # | NP25069687 |
|---|---|
| Price | $3,100,000 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Acres | 0.07 |
| Year Built | 1952 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 1213 Balboa Boulevard |
|---|---|
| Area | NP - Balboa Peninsula |
| Subdivision | Balboa Peninsula (Residential) (BALP) |
| City | Newport Beach |
| County | Orange |
| Zip Code | 92661 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 6 |
| Parking | Assigned |
| # of Garages | 3 |
| Garages | Assigned |
| View | None |
| Is Waterfront | No |
| Waterfront | Beach Access, Ocean Side Of Highway |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Carpet, Laminate |
|---|---|
| Interior Features | Beamed Ceilings, High Ceilings, All Bedrooms Up, All Bedrooms Down |
| Appliances | Electric Range, Gas Water Heater, Refrigerator |
| Heating | Wall Furnace |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | TwoToFiveUnitsAcre, Rectangular Lot |
|---|---|
| Foundation | Slab |
Additional Information
| Date Listed | April 9th, 2025 |
|---|---|
| Days on Market | 10 |
| Zoning | R2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Karly Brown |
|---|---|
| Office | Karly Brown, Broker |