Newport Beach, CA 92661 1213 W Balboa Boulevard
$3,100,000
4 more
Presented By: Karly Brown with Karly Brown, Broker; 949-355-8006
Beds • 2
Baths • 2
Garage • 3
Year Built • 1952
Home Details
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.
Presented By: Karly Brown with Karly Brown, Broker; 949-355-8006
Interior Features for 1213 W Balboa Boulevard
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate
Heating Y/NYes
Interior AmenitiesBeamedCeilings, HighCeilings, AllBedroomsUp, AllBedroomsDown
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level2
General for 1213 W Balboa Boulevard
AccessibilityParking
Additional Parcels Y/NNo
AppliancesElectricRange, GasWaterHeater, Refrigerator
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityNewport Beach
Community FeaturesStormDrains, StreetLights, Sidewalks, WaterSports
CoolingNone
CountyOrange
Current FinancingNone
DirectionsWest Balboa at 12th street
Electric Expense0.0
Electric On Property Y/NNo
Entry Locationground level
Expected Active Date 2025-04-12
Fuel Expense0.0
Garage Spaces3.0
Garage Y/NYes
Gross Income97956.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense1609.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet3049.0
Lot Size UnitsSquareFeet
MLS AreaNP - Balboa Peninsula
MobileHomeRemainsYNNo
Net Operating Income83302.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces3.0
Operating Expense14654.0
Pool FeaturesNone
PossessionNegotiable
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Stories2
Subdivision NameBalboa Peninsula (Residential) (BALP)
Tax Lot21
Tenant PaysCableTv, Electricity, Gas, Water
Total Actual Rent97956.0
Trash Expense30.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense392.0
Waterfront FeaturesBeachAccess, OceanSideOfHighway
Waterfront Y/NNo
Year Built1952
Year Built SourceAssessor
ZoningR2
Exterior for 1213 W Balboa Boulevard
Building Area Total0.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions31x103x31x103
Lot FeaturesTwoToFiveUnitsAcre, RectangularLot
Lot Size Acres0.07
Lot Size Area3049.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
Road Frontage TypeAlley
Road Surface TypePaved
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$3,100,000
MLS#NP25069687
List Date
04/10/2025
Property Type
Multi-Family
Phone
(562) 818-1655
