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1324 W Balboa Blvd, Newport Beach, CA 92661

List Price: $4,200,000On Market FlagOn market
Jul 19, 2025644 sqft2 beds1 baths
Listed by: Brandon Hobbs
License #: 01929235
Phone #: 714-765-9880
Arbor Real Estate
Source:
CRMLS Logo
MLS #: OC25162276

Property Description

Rare investment opportunity just steps from the sand and surf in one of Newport Beach’s most sought-after coastal communities. This legally recognized triplex has been previously reconfigured into six income-generating units, maximizing rental potential while preserving long-term flexibility. The property has been recently updated, including interior unit improvements and fresh exterior paint, offering a clean and well-maintained impression throughout. On-site 3-carport parking adds convenience for tenants. With easy potential to convert back to 3 or 4 larger units, this property offers a flexible exit strategy for future redevelopment or owner-occupant use. Situated just a short stroll to the beach, Lido Marina Village, top dining, shops, and the harbor, this is a prime opportunity for both short- and long-term income investors. Interior unit photos and unit rent breakdown available upon request.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$67,326

TurboHome Estimated Value

$4,344,200

$6,746 sqft

High Valuation
$4,561,410
$7083/sqft
Normal Valuation
$4,344,200
$6746/sqft
Low Valuation
$4,126,990
$6408/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$6746/sqft$4,344,200

Neighborhood: Balboa Peninsula (Residential) (BALP)

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Comparative Value

$2.90M

$4.20M

$4.80M

119 37th St, Newport Beach, CA 92663

Sale Price: $2,900,000

Selected Comparable

1324 W Balboa Blvd, Newport Beach, CA 92661

List Price: $4,200,000

Subject Property

2710 W Oceanfront, Newport Beach, CA 92663

Sale Price: $4,800,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1324 W Balboa Blvd, Newport Beach, CA 92661

1324 W Balboa Blvd, Newport Beach, CA 92661

List: $4,200,000

Listed: 7/19/2025

Area:644 sqft
Price/sqft:$6,522
Beds:2
Baths:1
Year Built:
Lot Size:3,049

Comparable Properties

COMPARABLE
Choose comps
2710 W Oceanfront, Newport Beach, CA 92663

2710 W Oceanfront, Newport Beach, CA 92663

Sale: $4,800,000

6/17/20250.84 mi

Area:754 sqft
Price/sqft:$6,366
Beds:2
Baths:1
Year Built:
Weight:56.9%
119 37th St, Newport Beach, CA 92663

119 37th St, Newport Beach, CA 92663

Sale: $2,900,000

4/16/20251.22 mi

Area:540 sqft
Price/sqft:$5,370
Beds:1
Baths:1
Year Built:
Weight:43.1%

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