Outstanding investment opportunity for the buyer with a vision. Just one house to the beach and very close to all that Balboa Peninsula offers. This two story triplex offers exceptional long term rental income, close proximity to the oceanfront and plenty of garage and parking 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 five years and can be used as rentals yearly or summer/winter rentals to maximize income stream. There are two units with 2 bedrooms 2 bathrooms and one unit over the garage with 1 bedroom and 1 bathroom. All units are currently occupied. Next door is 1209 W. Balboa and is the exact mirror of 1213. Buy one or buy both and create a development project with high enough build to enjoy white water views year round for the upper units. The highest and best use of this land would be to build 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
1213 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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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#: NP25069687
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: All Bedrooms Up
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Electric Range, Gas Water Heater, Refrigerator
- Laundry: Common Area
Features
- Beamed Ceilings, High Ceilings, All Bedrooms Up, All Bedrooms Down
- Flooring: Carpet, 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
- Garage spaces: 3
- Uncovered spaces: 3
Accessibility
- Accessibility features: Parking
Features
- Levels: Two
- Stories: 2
- Entry location: ground level
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
- Waterfront features: Beach Access, Ocean Side Of Highway
Lot
- Size: 3,049 Square Feet
- Dimensions: 31 x 103 x 31 x 103
- Features: 2-5 Units/Acre, Rectangular Lot
Details
- Parcel number: 04724110
- Zoning: R2
- 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: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Storm Drain(s), Street Lights, Sidewalks, Water Sports
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Tax assessed value: $137,935
- Annual tax amount: $2,556
- Date on market: 4/12/2025
- Cumulative days on market: 37 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange
- Total actual rent: 97956
- Tenant pays: Cable TV, Electricity, Gas, Water
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2025 | Sold | $2,700,000-12.9% |
Source:  CRMLS #NP25069687 Report a problem | ||
| 5/19/2025 | Pending sale | $3,100,000 |
Source: CRMLS #NP25069687 Report a problem | ||
| 4/12/2025 | Listed for sale | $3,100,000-35.3% |
Source: CRMLS #NP25069687 Report a problem | ||
| 3/14/2012 | Listing removed | $4,795,000 |
Source: First Team Estates Report a problem | ||
| 1/15/2012 | Listed for sale | $4,795,000 |
Source: First Team Estates Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,556 -16.1% | $137,935 +2% |
| 2024 | $3,048 -9.1% | $135,231 +2% |
| 2023 | $3,354 +5.6% | $132,580 +2% |
| 2022 | $3,178 -7.2% | $129,981 +2% |
| 2021 | $3,423 +0.8% | $127,433 +1% |
| 2020 | $3,394 | $126,127 +2% |
| 2019 | $3,394 +0.4% | $123,654 +2% |
| 2018 | $3,381 -1% | $121,230 +2% |
| 2017 | $3,414 | $118,853 +2% |
| 2016 | $3,414 +0.8% | $116,523 +1.5% |
| 2015 | $3,386 -4.2% | $114,773 +2% |
| 2014 | $3,533 | $112,525 +0.5% |
| 2013 | -- | $112,017 +2% |
| 2012 | -- | $109,821 +2% |
| 2011 | -- | $107,668 +0.8% |
| 2010 | -- | $106,864 -0.2% |
| 2009 | -- | $107,119 +2% |
| 2008 | -- | $105,019 +2% |
| 2007 | -- | $102,960 +2% |
| 2006 | -- | $100,942 +2% |
| 2005 | -- | $98,963 +2% |
| 2004 | -- | $97,023 +1.9% |
| 2003 | -- | $95,245 +2% |
| 2002 | -- | $93,378 +2% |
| 2001 | $1,171 +2.5% | $91,548 +2% |
| 2000 | $1,142 | $89,753 |
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
- California
- Orange County
- Newport Beach
- 92661
- 1213 W Balboa Blvd
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