60
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$5,695,000
Est. payment /mo
4 Beds
4 Baths
2,572 Sqft Lot
New
1609 E Balboa Boulevard Newport Beach, CA 92661
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula Point (Blpp)
MLS Listing ID OC26199394
Bedrooms 4
Lot Size 2,572 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
**Maximize your portfolio with this rare turnkey four-unit offering in coveted Peninsula Point, just moments from both the beach and bay.** 1609 E Balboa Blvd presents a meticulously maintained and extensively upgraded property in one of Newport Beachs most desirable coastal enclaves. The property features four one-bedroom, one-bathroom residences, offering an exceptional combination of investment potential, quality, and quintessential Newport Beach lifestyle. Three units were fully remodeled in 2021, while the lower unit underwent a complete renovation in 2025 with the level of quality and finish found in a newly built luxury Newport Beach home. Designed with the owner in mind, Unit D features high-end finishes throughout, a split-system AC, and a floor plan that can easily be converted to a two-bedroom configurationan especially appealing option for an owner-user seeking a refined coastal residence. The building is exceptionally turnkey and thoughtfully maintained, with substantial upgrades throughout. Two sets of stackable washers and dryers serve the property, and upgraded tankless water heaters were installed in 2022. Each unit has separate electricity and gas, while the owner pays for water and trash, as well as common-area laundry expenses. Three units each include an attached one-car garage, providing highly coveted off-street parking and additional storage. A charming shared front patio with seating and BBQ creates an inviting outdoor gathering space and extends the living experience beyond the individual residences. The location is truly exceptionalwithin easy wal
Location
State CA
County Orange
Zoning Assessor
Direction Cross streets: E Balboa Blvd & H Street
Interior
Cooling Wall/Window, Other/Remarks
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 04819108
Acceptable Financing Cash
Listing Terms Cash
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Listed by Giovanne Helou, DRE#02068352 The Oppenheim Group
Co-listed byLisa Helou • The Oppenheim Group
Co-listed byLisa Helou • The Oppenheim Group
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