1123 E Balboa Boulevard Newport Beach, CA $ 6,750,000
1123 E Balboa Boulevard
$ 6,750,000
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1123 E Balboa Boulevard

Newport Beach, CA, 92661
$ 6,750,000
Bedrooms5 Baths4.0 Sq 1,959

Monthly Estimate*

$ 44,863

Listed by Compass
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Multi-Family Home for sale in Newport Beach, CA

for $6,750,000 with 5 bedrooms and 4 full baths. This 1,959 square foot home was built in 1977 on a lot size of 0.06.

2 ACTIVE SHORT TERM RENTAL PERMITS!! Soak up the surf and sun at this versatile oceanfront fully furnished duplex in Newport Beach’s sought-after Peninsula Point neighborhood on the Balboa Peninsula. With one unit on each level of the two-story residence, you can live in one and rent the other, or use both as valuable income-producing opportunities. The renderings show how property can look if you build out the current plans plans that have been submitted to the city for a future custom home, making it easy to create the seaside home of your dreams. Presenting a quieter setting near the end of the boardwalk, the duplex is close to The Wedge surf break, Peninsula Park, the Peninsula Point Racquet Club, the Balboa Pier, and Main Street’s vibrant shopping and dining destinations. A spacious view patio highlights the lower-level residence, which features two bedrooms, two baths, a living room with fireplace, a white kitchen, and a dining room that opens to the patio. The open and bright upper unit showcases a vaulted ceiling, a fireplace-warmed living room, a sunny ocean-view deck, a gourmet kitchen with breakfast bar, three bedrooms and two baths. An attached four-car garage with epoxy flooring provides ample off-street parking and room for storing bikes and surfboards.

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Multi-Family Active

Price

$ 6,750,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.06

Year Built

1977

Town/City

Newport Beach

County/Region

Orange

MLS | Web ID

OC24042496

Days on Market

91

Features
General
Interior Features BedroomonMainLevel
Sewer PublicSewer
Cooling None
HOA 0.0
Garage Spaces 4.0
Pool Features None
Year Built 1977
View Ocean
Stories 2
Levels Two
Property SubType Duplex
Waterfront Features BeachAccess BeachFront OceanAccess OceanFront OceanSideOfFreeway OceanSideOfHighway
Community Features Curbs Sidewalks
County Orange
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage Y
Subdivision Name Balboa Peninsula (Residential) (BALP)
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Balboa Blvd to Property
City Newport Beach
Entry Location 1
View Y/N Y
Senior Community Y/N N
High School District Newport Mesa Unified
Total Units 2
MLS Area NP - Balboa Peninsula
Lot Size Square Feet 2614.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Balboa
Listing Terms Cash CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 88
Structure Type Duplex
Standard Status Active
Occupancy Type Owner
Year Built Source Assessor
Tax Lot 11
Property Sub Type Additional SingleFamilyResidence
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Exterior
Lot Features RectangularLot
Water Source Public
Total Parking 4.0
Lot Size Area 2614.0
Spa N
Lot Size Acres 0.06
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features LivingRoom
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N Y
Full Baths 4
Street Suffix Boulevard
Laundry Features Inside InGarage UpperLevel
Total Bedrooms 5
Entry Level 1
Electric On Property Y/N N
Main Level Bedrooms 2
Main Level Bathrooms 2
Total Baths 4
Living Area Units SquareFeet
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Internal Only
Street Number 1 1123
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* Excluded Features
List By
Compass

Broker

(949) 500-3910

Phone

Affordability Calculator

$44,863
Per Month
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Monthly Principal & Interest
$44,863
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
270317 Elementary School
272263 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/1/2024$6,750,000 Listed Price

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1123 E Balboa Boulevard, Newport Beach, CA, 92661 is a Multi-Family Home for sale at $6,750,000 with 1,959 sqft and a lot size of 0.06. 1123 E Balboa Boulevard has 5 bedrooms, 4.0 baths, and was built in 1977. The property's zip code is 92661 which is in Newport Beach, CA