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126 E Balboa Blvd - Newport Beach Triplex 3 Unit Apartment Building Offered at $3,498,000 at a 3% Cap Rate Newport Beach, CA 92661
INVESTMENT HIGHLIGHTS
- Prime Balboa Peninsula Location – Just steps from both the sand and the bay, offering the ultimate coastal lifestyle.
- Strong Income Potential – Rare opportunity to own a high-demand triplex in one of Orange County’s most desirable beach communities.
- Convenient walking distance to food, shopping etc.
- Owner-User Opportunity – Live in one unit while generating income from the others.
- Future Appreciation – Sought-after location ensures lasting value and strong long-term investment potential.
- Three Separate Units – Ideal for investors, multi-generational living, or short/long-term rental income
EXECUTIVE SUMMARY
Exceptional Balboa Peninsula Triplex – Steps from the Ocean and Bay! A rare opportunity to own an income-producing triplex on one of Newport Beach’s most desirable streets, just 250 feet from the sandy beach and 500 feet from the Newport pier and 700 feet from the Newport Pavilion. Perfect for owner users / investors seeking strong returns, flexible rental options, and long-term appreciation. This fully upgraded property includes three beautifully maintained units, each with its own mini-split A/C system, modern finishes, and private laundry. All three units are currently occupied on month-to-month leases, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired. Front House (126 E Balboa Blvd) – 2 Bedrooms | 1 Bathroom | Fireplace. A bright and inviting front home featuring an open living area with fireplace, upgraded kitchen, detached indoor laundry room, and storage area. The property also boasts an **expansive raised front patio—the largest on the block—**perfect for entertaining or maximizing tenant appeal. Upper Unit (126 ½ E Balboa Blvd) – 1 Bedroom + Loft/Office | 1 Bathroom. This upper-level unit features a light-filled living area, modern kitchen, in-unit laundry, and a private balcony with peek-a-boo ocean view—ideal for professionals, couples, or as a premium vacation rental. Lower Unit (126 ¼ E Balboa Blvd) – 1 Bedroom | 1 Bathroom. Compact, efficient, and beautifully updated, the lower unit offers a cozy living space and kitchen, with laundry conveniently located in the attached garage. All units have been upgraded and are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable location—close to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferry—this triplex enjoys consistent tenant demand and strong year-round occupancy. Immediate income – all units occupied on month-to-month leases. Prime location – short walk to sand, surf, and bay. High rental potential – flexible use for long-term, short-term, or owner-occupied investment. Rare Peninsula find – upgraded, air-conditioned, and well maintained Whether you’re an investor expanding your portfolio or a buyer seeking a beachside income property with exceptional upside, 126 E Balboa Blvd is the one to see. Invest where everyone wants to stay—and earn while you plan your next move.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Views
- Carpet
- Wi-Fi
- Breakfast Nook
- Deck
- Dining Room
- Family Room
- Framed Mirrors
- Island Kitchen
- Pantry
- Patio
- Porch
- Vinyl Flooring
SITE AMENITIES
- Fenced Lot
- Security System
- Waterfront
- Recycling
- Trash Pickup - Curbside
- Vintage Building
- Bicycle Storage
- Dock
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $3,650 | 1,000 |
| 1+1 | 2 | $2,725 | 500 |
1 1
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (72)
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126 E Balboa Blvd - Newport Beach Triplex
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