Outstanding investment opportunity for the buyer with a vision. Just one house to the beach and very close to all the Balboa Peninsula offers. This two story triplex offers exceptional long term rental income, close proximity to the oceanfront and plenty of parking/garage space for all units. Tenants enjoy the use of the laundry room, relaxing areas in the courtyard or front patio. This property has been upgraded over the last 5 years and can be used as rentals yearly or summer/winter rentals to maximize income stream. There are two units with 2 bedrooms and 2 bathrooms and one unit over garage is 1 bedroom and 1 bathroom. All units are currently occupied. Next door is 1213 W. Balboa and is the exact mirror of 1209. Buy one or buy both and create a development project with a high enough build to enjoy white water views year round from the upper units. The highest and best use would be stacked condo's with elevators and balconies. The city of Newport Beach has consulted with an architect on the possible future development of 1209 and 1213 W. Balboa. Hurry because this type of property sells fast in Newport Beach, Balboa Peninsula!
Sold for $2,700,000
Listed by: Karly Brown, Broker • Karly Brown • Contact: 949-355-8006
Bought with: Compass
$2,700,000
1209 W Balboa Blvd, Newport Beach, CA 92661
5beds
5baths
--sqft
Triplex
Built in 1952
-- sqft lot
$-- Zestimate®
$--/sqft
$7,842 Estimated rent
Home value
Not available
Estimated sales range
Not available
$7,842/mo
Zestimate® history
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List your homeWhat's special
Laundry roomWhite water views
Zillow last checked:
Listing updated:
Listed by:
Karly Brown DRE #01189690 949-355-8006,
Karly Brown, Broker
Bought with:
Tara McNabb, DRE #01871729
Compass
Source: CRMLS,MLS#: NP25068186
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: All Bedrooms Up
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Electric Range, Gas Water Heater
- Laundry: Common Area
Features
- Beamed Ceilings, All Bedrooms Up, All Bedrooms Down
- Flooring: Laminate
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 6
- Parking features: Assigned, Door-Single, Garage, Garage Faces Rear, Tandem, Uncovered
- Garage spaces: 3
- Uncovered spaces: 3
Accessibility
- Accessibility features: Parking
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
- Waterfront features: Beach Access
Lot
- Size: 3,049 Square Feet
- Features: 2-5 Units/Acre, Rectangular Lot
Details
- Parcel number: 04724111
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Foundation: Slab
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Storm Drain(s), Street Lights, Sidewalks, Water Sports
- Security: Smoke Detector(s)
Location
- Region: Newport Beach
Financial & listing details
- Tax assessed value: $137,850
- Annual tax amount: $2,556
- Date on market: 4/12/2025
- Cumulative days on market: 17 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange
- Total actual rent: 104490
- Tenant pays: All Utilities, Water
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2025 | Sold | $2,700,000-12.9% |
Source:  CRMLS #NP25068186 Report a problem | ||
| 5/19/2025 | Pending sale | $3,100,000 |
Source: CRMLS #NP25068186 Report a problem | ||
| 4/12/2025 | Listed for sale | $3,100,000 |
Source: CRMLS #NP25068186 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,556 -16.1% | $137,850 +2% |
| 2024 | $3,046 -9.2% | $135,148 +2% |
| 2023 | $3,354 +5.6% | $132,499 +2% |
| 2022 | $3,177 -7.2% | $129,901 +2% |
| 2021 | $3,422 +0.8% | $127,354 +1% |
| 2020 | $3,393 | $126,049 +2% |
| 2019 | $3,393 +0.4% | $123,578 +2% |
| 2018 | $3,380 -1% | $121,155 +2% |
| 2017 | $3,413 | $118,780 +2% |
| 2016 | $3,413 +0.8% | $116,451 +1.5% |
| 2015 | $3,385 -4.2% | $114,702 +2% |
| 2014 | $3,532 | $112,456 +0.5% |
| 2013 | -- | $111,948 +2% |
| 2012 | -- | $109,753 +2% |
| 2011 | -- | $107,601 +0.8% |
| 2010 | -- | $106,797 -0.2% |
| 2009 | -- | $107,052 +2% |
| 2008 | -- | $104,953 +2% |
| 2007 | -- | $102,896 +2% |
| 2006 | -- | $100,879 +2% |
| 2005 | -- | $98,901 +2% |
| 2004 | -- | $96,962 +1.9% |
| 2003 | -- | $95,185 +2% |
| 2002 | -- | $93,319 +2% |
| 2001 | $1,171 +2.5% | $91,490 +2% |
| 2000 | $1,142 | $89,697 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 0.1 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 0.9 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.2 mi
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