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$ 4,200,000
Est. payment | /mo
5 Beds
3,049 Sqft Lot
$ 4,200,000
Est. payment | /mo
5 Beds
3,049 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (
MLS Listing ID OC25162276
Bedrooms 5
Lot Size 3,049 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Rare investment opportunity just steps from the sand and surf in one of Newport Beachs most sought-after coastal communities. This legally recognized triplex has been previously reconfigured into six income-generating units, maximizing rental potential while preserving long-term flexibility. The property has been recently updated, including interior unit improvements and fresh exterior paint, offering a clean and well-maintained impression throughout. On-site 3-carport parking adds convenience for tenants. With easy potential to convert back to 3 or 4 larger units, this property offers a flexible exit strategy for future redevelopment or owner-occupant use. Situated just a short stroll to the beach, Lido Marina Village, top dining, shops, and the harbor, this is a prime opportunity for both short- and long-term income investors. Interior unit photos and unit rent breakdown available upon request.
Location
State CA
County Orange
Zoning Assessor
Direction Continue straightas the55 Freeway ends, it turns intoNewport Blvd., continueheadingsouthfor about2.5 miles.After crossing theBal
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 04723329
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://player.vimeo.com/video/1102668758?badge=0&autopause=0&player_id=0&app_id=58479
Listed by Brandon Hobbs Arbor Real Estate