Homes for sale - 514 W Balboa, Newport Beach, CA 92661

Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Levon Nargizyan • Home Port Real Estate Inc.

$3,195,000

Est. payment - /mo

2,178 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSR25278723

Year Built 1964

Lot Size 2,178 Sqft

Property Sub-Type Triplex

Source California Regional MLS

Property Description

Rare coastal investment property located on West Balboa Boulevard, directly across from the beach and boardwalk in the highly desirable Balboa Peninsula. This classic two-story mixed-use building offers diversified income in one of Southern California's most sought-after beachfront markets. The upper level features two residential units currently tenant-occupied, providing steady residential income and the flexibility for future owner occupancy or continued rental operations. The ground floor is leased to an established restaurant tenant, delivering consistent commercial cash flow and benefiting from strong foot traffic in this prime coastal corridor. . Prime beachfront location near the Balboa Pier, Fun Zone, shops, and dining . Mixed-use zoning supporting both residential and commercial use . Two income-producing residential units upstairs . Tenant-occupied restaurant space on the ground floor . Potential roof terrace and outdoor space adding lifestyle and value appeal This property presents an exceptional opportunity for investors seeking immediate income from both residential and commercial tenants, while also offering the option for an owner to occupy a residential unit in the future. Positioned in a high-visibility, high-demand coastal market, this asset combines lon

Location

State CA

County Orange

Area Np - Balboa Peninsula

Interior

Laundry In Garage, Laundry Area, 38

Exterior

Parking Features Assigned Spaces, Garage

Garage Spaces 4.0

Pool None

View Ocean, 30, City Lights

Roof Type Other

Building

Foundation Concrete Slab

Water District - Public

Others

Tax ID 04807110

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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514 W Balboa Newport Beach, CA 92661

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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