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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$5,695,000

Est. payment - /mo

4 Beds

4 Baths

2,800 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,800 sqft

Price per Sqft $2,033

Subdivision Balboa Peninsula Point (Blpp)

MLS Listing ID OC26207974

Bedrooms 4

Full Baths 4

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1949

Lot Size 2,570 Sqft

Property Sub-Type Quadruplex

Property Description

**Maximize your portfolio with this rare turnkey four-unit offering in coveted Peninsula Point, just moments from both the beach and bay.** 1609 E Balboa Blvd presents a meticulously maintained and extensively upgraded property in one of Newport Beach's most desirable coastal enclaves, generating $186,120 in annual gross scheduled income. The property features four one-bedroom, one-bathroom residences, offering an exceptional combination of investment potential, quality, and quintessential Newport Beach lifestyle. Three units were fully remodeled in 2021, while the lower unit underwent a complete renovation in 2025 with the level of quality and finish found in a newly built luxury Newport Beach home. Designed with the owner in mind, Unit D features high-end finishes throughout, a split-system AC, and a floor plan that can easily be converted to a two-bedroom configuration—an especially appealing option for an owner-user seeking a refined coastal residence. The building is exceptionally turnkey and thoughtfully maintained, with substantial upgrades throughout. Two sets of stackable washers and dryers serve the property, and upgraded tankless water heaters were installed in 2022. Each unit has separate electricity and gas, while the owner pays for water and trash, as well as common-area laundry expenses. Three units each include an attached one-car garage, providing highly coveted off-street parking and additional storage. A charming shared front patio with seating and BBQ creates an inviting outdoor gathering space and extends the living experience beyond the individual residences. The location is truly exceptional—within easy walking distance of the beach, bay, restaurants, boutiques, schools, and the world-famous Wedge Beach. Enjoy morning walks along the sand, afternoons on the bay, or the vibrant dining and coastal lifestyle that makes the Balboa Peninsula so sought-after. Peninsula Point is celebrated for its iconic community traditions, including the Christmas Boat Parade and Fourth of July festivities, as well as its proximity to the private Bay Beach and tennis club. Rarely does a property offer this combination of four turnkey residences, owner-quality renovation, parking, outdoor space, and an irreplaceable coastal location. 1609 E Balboa Blvd is a distinctive Newport Beach offering with the flexibility to enjoy as an investment, personal retreat, or both—a truly special opportunity in one of the coast's most prized neighborhoods.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 1

Interior

Interior Features Built-in Features, Ceiling Fan(s), Crown Molding, High Ceilings, Open Floorplan, Pantry, Paneling/Wainscoting, Stone Counters, Storage

Heating Wall Furnace

Cooling Electric, See Remarks, Wall/Window Unit(s)

Flooring Carpet, Vinyl, Wood

Fireplaces Type Family Room, Living Room

Fireplace Yes

Appliance Barbecue, Convection Oven, Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator

Laundry Common Area, Inside, Laundry Room

Exterior

Exterior Feature Barbecue

Parking Features Garage, Private, Garage Faces Rear, See Remarks

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Biking, Curbs, Street Lights, Sidewalks, Fishing

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View City Lights

Accessibility Safe Emergency Egress from Home

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type Quadruplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Cape Cod, Craftsman

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Turnkey

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04819108

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Giovanne Helou The Oppenheim Group 310-866-9410, DRE #02068352

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

1609 E Balboa BLVD Newport Beach, CA 92661