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Ernie Caponera

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

$3,295,000

Est. payment - /mo

3,049 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID OC26237091

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1953

Lot Size 3,049 Sqft

Property Sub-Type Triplex

Property Description

A rare corner-lot multifamily opportunity on Newport Beach's Balboa Peninsula, 1200 W Balboa Boulevard combines an elevated, raised-foundation setting, a versatile THREE-UNIT CONFIGURATION, and exceptional coastal walkability. The upper-level three-bedroom, two-bathroom unit features a standout deck with outstanding OCEAN-VIEWS AND PARTIAL BAY VIEWS. Two single-level, two-bedroom, two-bathroom residences occupy the front and rear of the property, separated by a shared courtyard and community laundry room. A two-car garage and an additional carport space provide valuable parking. Held by the same owner for nearly 40 years, the property reflects longstanding pride of ownership and offers compelling potential for investors and buyers seeking an owner's residence with rental income. Well-maintained interiors are complemented by a newer roof, dual-pane windows, ongoing termite maintenance, upgraded ABS drain lines, and upgraded electrical panels. The upper residence also features central heating. With tenants in place and strong rental upside potential, the property offers established income and an appealing opportunity for long-term growth. Its thoughtful configuration is equally attractive for those looking to occupy one residence while renting the others. Centrally located between Marina Park, Newport Pier, and the Balboa Fun Zone, this quiet coastal setting places beaches, bayfront recreation, dining, and shopping within easy reach—an exceptional opportunity to enjoy and invest in the Peninsula lifestyle.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Interior

Interior Features Built-in Features, Ceiling Fan(s), Living Room Deck Attached, Open Floorplan, Storage, Track Lighting

Heating Central, Wall Furnace

Cooling None

Flooring Carpet, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan

Laundry Laundry Room

Exterior

Exterior Feature Lighting, Rain Gutters

Parking Features Assigned, Carport, Garage

Garage Spaces 2.0

Carport Spaces 1

Garage Description 2.0

Pool None

Community Features Biking, Curbs, Park, Street Lights, Sidewalks, Water Sports

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Bay, Neighborhood, Ocean

Roof Type Composition,Shingle

Total Parking Spaces 3

Private Pool No

Building

Lot Description Corner Lot, Drip Irrigation/Bubblers, Landscaped

Faces West

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 04723411

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Brian Wollner Compass 949-444-3233, DRE #01889264

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

1200 W Balboa Newport Beach, CA 92661

Ernie Caponera

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1200 W Balboa