126 E E Balboa Newport Beach, CA 92661
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID IV25238475
Construction Status Repairs Cosmetic,Updated/Remodeled,Turnkey
HOA Y/N No
Rental Info Month To Month
Year Built 1912
Annual Tax Amount $28,457
Tax Year 2024
Lot Size 2,178 Sqft
Lot Dimensions Estimated
Property Sub-Type Triplex
Property Description
A rare opportunity to own an income-producing triplex on one of Newport Beach's most desirable streets, just one block from the beach and two blocks from the bay. Perfect for investors seeking strong returns, flexible rental options, and long-term appreciation.
This fully upgraded property includes three beautifully maintained units, each with its own mini-split A/C system, modern finishes, and private laundry. All three units are currently occupied on month-to-month leases, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired.
Front House (126 E Balboa Blvd) – 2 Bedrooms | 1 Bathroom | Fireplace. A bright and inviting front home featuring an open living area with fireplace, upgraded kitchen, detached indoor laundry room, and storage area. The property also boasts an **expansive raised front patio—the largest on the block—**perfect for entertaining or maximizing tenant appeal.
Upper Unit (126 ½ E Balboa Blvd) – 1 Bedroom + Loft/Office | 1 Bathroom. This upper-level unit features a light-filled living area, modern kitchen, in-unit laundry, and a private balcony with peek-a-boo ocean view—ideal for professionals, couples, or as a premium vacation rental.
Lower Unit (126 ¼ E Balboa Blvd) – 1 Bedroom | 1 Bathroom. Compact, efficient, and beautifully updated, the lower unit offers a cozy living space and kitchen, with laundry conveniently located in the attached garage.
All units have been upgraded and are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable location—close to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferry—this triplex enjoys consistent tenant demand and strong year-round occupancy. Immediate income – all units occupied on month-to-month leases. Prime location – short walk to sand, surf, and bay. High rental potential – flexible use for long-term, short-term, or owner-occupied investment. Rare Peninsula find – upgraded, air-conditioned, and well maintained
Whether you're an investor expanding your portfolio or a buyer seeking a beachside income property with exceptional upside, 126 E Balboa Blvd is the one to see. Invest where everyone wants to stay—and earn while you plan your next move.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Interior Features Granite Counters, High Ceilings, Pantry, Recessed Lighting, Storage, Jack and Jill Bath
Heating Wall Furnace
Cooling Electric
Flooring Carpet, Laminate
Fireplaces Type Family Room
Inclusions Tenants in place and property management.
Fireplace Yes
Appliance Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Water To Refrigerator, Water Heater
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Laundry Room, Upper Level
Exterior
Parking Features Door-Single, Garage, None, Permit Required, Private, Garage Faces Rear
Garage Spaces 1.0
Garage Description 1.0
Fence Excellent Condition, Privacy, Stucco Wall, Wood, Wrought Iron
Pool None
Community Features Biking, Curbs, Dog Park, Fishing, Golf, Park, Street Lights, Suburban, Sidewalks, Water Sports
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront Description Across the Road from Lake/Ocean,Beach Access,Beach Front,Ocean Access,Ocean Front
View Y/N Yes
View Mountain(s), Neighborhood, Ocean, Panoramic, Peek-A-Boo
Roof Type Shingle
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Level, Rectangular Lot, Street Level, Value In Land
Faces East
Story 1
Entry Level One,Multi/Split
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Patio Home
Level or Stories One, Multi/Split
New Construction No
Construction Status Repairs Cosmetic,Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 04807216
Security Features Security System,Carbon Monoxide Detector(s),Fire Detection System,Resident Manager,Smoke Detector(s),Security Lights
Energy Description 920.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Trust
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