Situated just one house from the boardwalk and mere blocks from the lively Balboa Village and Fun Zone, this three-story triplex offers prime coastal living and an exceptional investment opportunity. Priced at $1,200 per square foot—well below the average for comparable properties on the Balboa Peninsula—this property presents significant value. With all tenants on month-to-month leases, it’s a great redevelopment opportunity or a chance to collect steady rental income and benefit from future appreciation. Designed and built by renowned architect Svend Nielsen, the property exudes unique charm and thoughtful design. Each of the three units includes 2 bedrooms, 1 bathroom, and in-unit laundry for convenience. The second and third-floor units enjoy peek-a-boo ocean views, while all units offer private outdoor spaces, including balconies. Additional amenities include a two-car carport for the second- and third-floor units, a ground-floor private shower room, and recent upgrades such as a roof replacement in 2023, a Tesla solar system, and smart home features, including automated blinds, thermostats, and a security system—all controllable remotely. The property is professionally managed, generating stable income with the potential for future rent growth. Don’t miss this rare opportunity to invest in a prime coastal location with endless possibilities.
Sold for $3,350,000
Listed by: Coldwell Banker Realty • Greg Blake • Contact: 949-644-1600
Bought with: First Class Real Estate Inc.
$3,350,000
109 E Balboa Blvd, Newport Beach, CA 92661
6beds
3baths
2,815sqft
Triplex
Built in 1959
-- sqft lot
$-- Zestimate®
$1,190/sqft
$7,503 Estimated rent
Home value
Not available
Estimated sales range
Not available
$7,503/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Greg Blake DRE #01227057 949-500-8684,
Coldwell Banker Realty,
Tim Smith DRE #01346878 949-478-2295,
Coldwell Banker Realty
Bought with:
Jack Huang, DRE #01320883
First Class Real Estate Inc.
Source: CRMLS,MLS#: NP24177675
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Rooms
- Room types: Kitchen, Living Room
Kitchen
- Features: Galley Kitchen
Heating
- Fireplace(s), Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Electric Cooktop
- Laundry: Inside
Features
- Balcony, Ceiling Fan(s), Galley Kitchen
- Flooring: Laminate
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,815
- Total interior livable area: 2,815 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Carport spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Coastline, Neighborhood, Ocean, Peek-A-Boo
- Has water view: Yes
- Water view: Coastline,Ocean
- Waterfront features: Across the Road from Lake/Ocean
Lot
- Size: 2,178 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 04807422
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Storm Drain(s), Street Lights, Sidewalks
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,190/sqft
- Tax assessed value: $3,318,375
- Annual tax amount: $35,606
- Date on market: 9/26/2024
- Cumulative days on market: 14 days
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2024 | Sold | $3,350,000-0.9%$1,190/sqft |
Source:  CRMLS #NP24177675 Report a problem | ||
| 10/10/2024 | Contingent | $3,380,000$1,201/sqft |
Source: CRMLS #NP24177675 Report a problem | ||
| 9/26/2024 | Listed for sale | $3,380,000+16.6%$1,201/sqft |
Source: CRMLS #NP24177675 Report a problem | ||
| 1/27/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 1/14/2022 | Price change | $4,200-6.7%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 12/30/2021 | Listed for rent | $4,500$2/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 11/19/2021 | Sold | $2,900,000-12.1%$1,030/sqft |
Source: Public Record Report a problem | ||
| 11/6/2021 | Contingent | $3,300,000$1,172/sqft |
Source: CRMLS #NP21175359 Report a problem | ||
| 10/25/2021 | Price change | $3,300,000-5.7%$1,172/sqft |
Source: CRMLS #NP21175359 Report a problem | ||
| 10/15/2021 | Listed for sale | $3,500,000$1,243/sqft |
Source: CRMLS #NP21175359 Report a problem | ||
| 10/7/2021 | Contingent | $3,500,000$1,243/sqft |
Source: CRMLS #NP21175359 Report a problem | ||
| 9/30/2021 | Listed for sale | $3,500,000+150.9%$1,243/sqft |
Source: CRMLS #NP21175359 Report a problem | ||
| 12/19/2013 | Sold | $1,395,000-6.7%$496/sqft |
Source: Public Record Report a problem | ||
| 10/6/2013 | Pending sale | $1,495,000$531/sqft |
Source: Newport Harbor Properties #NP13155203 Report a problem | ||
| 9/13/2013 | Price change | $1,495,000-14.5%$531/sqft |
Source: Newport Harbor Properties #NP13155203 Report a problem | ||
| 8/23/2013 | Price change | $1,749,000-5.5%$621/sqft |
Source: Newport Harbor Properties #NP13155203 Report a problem | ||
| 8/5/2013 | Listed for sale | $1,850,000$657/sqft |
Source: Newport Harbor Properties #NP13155203 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $35,606 +8.1% | $3,318,375 +10% |
| 2024 | $32,924 +1.6% | $3,017,160 +2% |
| 2023 | $32,400 -19.5% | $2,958,000 +2% |
| 2022 | $40,247 +123.1% | $2,900,000 +83.6% |
| 2021 | $18,039 +1% | $1,579,846 +1% |
| 2020 | $17,858 | $1,563,647 +2% |
| 2019 | $17,858 +1.9% | $1,532,988 +2% |
| 2018 | $17,521 +3.3% | $1,502,930 +2% |
| 2017 | $16,960 | $1,473,461 +2% |
| 2016 | $16,960 +2.1% | $1,444,570 +1.5% |
| 2015 | $16,610 +2.3% | $1,422,872 +2% |
| 2014 | $16,233 | $1,395,000 +1153.5% |
| 2013 | -- | $111,284 +2% |
| 2012 | -- | $109,102 +2% |
| 2011 | -- | $106,963 +0.8% |
| 2010 | -- | $106,164 -0.2% |
| 2009 | -- | $106,417 +2% |
| 2008 | -- | $104,331 +2% |
| 2007 | -- | $102,286 +2% |
| 2006 | -- | $100,281 +2% |
| 2005 | -- | $98,315 +2% |
| 2004 | -- | $96,388 +1.9% |
| 2003 | -- | $94,622 +2% |
| 2002 | -- | $92,767 +2% |
| 2001 | $1,109 +2.5% | $90,949 +2% |
| 2000 | $1,082 | $89,166 |
Find assessor info on the county website
Neighborhood: 92661
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- 8/10Newport Elementary SchoolGrades: K-6Distance: 0.8 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 1.2 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.4 mi
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- Orange County
- Newport Beach
- 92661
- 109 E Balboa Blvd
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