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109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
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109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
109 E Balboa Boulevard
Sold

109 E Balboa Boulevard

109 E Balboa Boulevard, Newport Beach, CA 92661

$3,350,000
$3,350,000

109 E Balboa Boulevard

2,815 Sq.Ft.

Description

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 opportunity to invest in a prime coastal location with endless possibilities.

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Location

109 E Balboa Boulevard, Newport Beach, CA 92661

Status

Sold

Property Images

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Features & Amenities

Interior

  • Laundry room Inside
  • Flooring Laminate
  • Fireplace Living Room
  • APPLIANCES Dishwasher, Electric Cooktop
  • other interior Features Balcony, Ceiling Fan(s), Galley Kitchen

Area & Lot

  • Status Sold
  • Living Area2,815 Sq.Ft.
  • Lot Area2,178 Sq.Ft.
  • MLS® IDNP24177675
  • TypeMulti-Family
  • YEAR BUILT1959
  • NeighborhoodNewport Beach
  • Water FrontageAcross the Road from Lake/Ocean
  • View DescriptionCoastline, Neighborhood, Ocean, Peek-A-Boo

Exterior

  • STORIES3
  • water SourcePublic
  • utilitiesCable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • PoolNone
  • lot features2-5 Units/Acre
  • parkingCarport
  • HEAT TYPEFireplace(s), Wall Furnace
  • AIR CONDITIONINGNone
  • sewerPublic Sewer

Financial

  • Sales Price$3,350,000
Greg Blake

Greg Blake

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Tim Smith Real Estate Group are dedicated to helping you find your dream home and assisting with any selling needs you may have. Contact us today to start your home searching journey!

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