Balboa Peninsula (NP) Homes with Triplex Subtype

Welcome to Balboa Peninsula, a captivating gem nestled in the heart of Newport Beach, California. This vibrant coastal community is renowned for its stunning beaches, eclectic shops, and a lively atmosphere that perfectly captures the essence of Southern California living. Whether you're strolling along the iconic boardwalk or enjoying a sunset at the beach, Balboa Peninsula offers a unique blend of relaxation and adventure.

One of the most alluring aspects of this region is the opportunity to invest in homes with a triplex subtype. These properties are perfect for those looking to maximize their investment potential while enjoying life in one of California's most desirable locations. With three separate living units, triplex homes provide an excellent opportunity for rental income, making them ideal for investors or families seeking multi-generational living options.

The architecture in Balboa Peninsula showcases a charming mix of coastal cottages and modern designs, ensuring that there’s a perfect fit for everyone. Imagine waking up to the sound of waves crashing and the salty breeze wafting through your window. With easy access to local amenities, including trendy cafes, boutique shops, and recreational activities, residents can enjoy the best of beachside living.

Whether you’re an investor looking for a lucrative opportunity or a family wanting to create lasting memories in a vibrant community, Balboa Peninsula’s triplex homes offer a unique lifestyle that is hard to resist. Experience the beauty of coastal living and explore the possibilities that await you in this enchanting Newport Beach neighborhood. Your dream home is waiting!

Newest Balboa Peninsula (NP) Homes with Triplex Subtype

$6,600,000

8 Beds ⋅ 4 Baths ⋅ IV26069356 MLS ⋅ Active Status

Oceanfront living is a dream that only a fortunate few ever get to call everyday life—now is your chance to make it your reality. This rare Newport Beach Boardwalk tri-plex sits on an oversized oceanfront lot and offers exceptional flexibility and future potential. Three units are move-in ready if you are going to rent out, with eight bedrooms and four bathrooms, giving you options: live in the front home and enjoy panoramic ocean views while collecting income from the rear units, explore short-term rental possibilities, or create the ultimate beach compound for your extended group. Use it as-is today and plan your future custom-built home; this property is an Incredible canvas for a dream home or legacy estate. Oceanfront lots of this size in this location are a limited commodity, with constant demand and endless opportunity for those ready to live their dream with an Oceanfront view.

1408 W Oceanfront, Newport Beach

$6,600,000

IV26060269 MLS ⋅ Active Status

1408 W Oceanfront, Newport Beach

$27,950,000

6 Beds ⋅ 6 Baths ⋅ NP26015959 MLS ⋅ Active Status

Experience luxury beach front living and investment potential with 1504 W Oceanfront, a one-of-a-kind mixed-use property in Newport Beach on the Balboa Peninsula. This premier property spans approximately 7,609 square feet on a 5,000-square-foot corner lot with 100 feet of ocean frontage and breathtaking panoramic views from Newport Pier to Balboa Pier and beyond. Three residential units with three short-term lodging permits and two commercial spaces, this exceptional five-unit offering blends coastal charm with modern luxury. The commercial spaces include the iconic “15th Street Surf Shop” retail store and an oceanfront restaurant currently under renovation, formerly known as “The Stuft Surfer”. The three separate residential units consist of a three bedroom residence, a newly built two bedroom residence with an office/bonus room, in addition to a newly constructed one bedroom unit. All three units hold short-term rental permits (SLPs), a rare and valuable asset in Newport Beach. This property is primed for exceptional income generation, with pro forma projections estimating $920,608 in annual gross revenue combined from short-term rentals and commercial leasing. A standout feature of this estate is its expansive 50x50-foot rooftop deck, one of the largest oceanfront decks on the Balboa Peninsula, offering unparalleled ocean and bay views with endless opportunities for entertainment and relaxation. 1504 W Oceanfront is not just a five-in-one compound; it’s a legacy property that delivers both immediate value and long-term returns in the highly coveted Newport Beach market.

1504 W Oceanfront Unit 5, Newport Beach

$2,998,000

IV25238475 MLS ⋅ Active Status

Exceptional Balboa Peninsula Triplex – Steps from the Ocean and Bay! A rare opportunity to own an income-producing triplex on one of Newport Beach’s most desirable streets, just 250 feet from the sandy beach and 500 feet from the Newport pier and 700 feet from the Newport Pavilion. Perfect for owner users / investors seeking strong returns, flexible rental options, and long-term appreciation. This fully upgraded property includes three beautifully maintained units, each with its own mini-split A/C system, modern finishes, and private laundry. All three units are currently occupied on month-to-month leases, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired. Front House (126 E Balboa Blvd) – 2 Bedrooms | 1 Bathroom | Fireplace. A bright and inviting front home featuring an open living area with fireplace, upgraded kitchen, detached indoor laundry room, and storage area. The property also boasts an **expansive raised front patio—the largest on the block—**perfect for entertaining or maximizing tenant appeal. Upper Unit (126 ½ E Balboa Blvd) – 1 Bedroom + Loft/Office | 1 Bathroom. This upper-level unit features a light-filled living area, modern kitchen, in-unit laundry, and a private balcony with peek-a-boo ocean view—ideal for professionals, couples, or as a premium vacation rental. Lower Unit (126 ¼ E Balboa Blvd) – 1 Bedroom | 1 Bathroom. Compact, efficient, and beautifully updated, the lower unit offers a cozy living space and kitchen, with laundry conveniently located in the attached garage. All units have been upgraded and are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable location—close to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferry—this triplex enjoys consistent tenant demand and strong year-round occupancy. Immediate income – all units occupied on month-to-month leases. Prime location – short walk to sand, surf, and bay. High rental potential – flexible use for long-term, short-term, or owner-occupied investment. Rare Peninsula find – upgraded, air-conditioned, and well maintained Whether you’re an investor expanding your portfolio or a buyer seeking a beachside income property with exceptional upside, 126 E Balboa Blvd is the one to see. Invest where everyone wants to stay—and earn while you plan your next move.

126 E Balboa, Newport Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Balboa Peninsula (NP) Homes with Triplex Subtype

Newest Balboa Peninsula (NP) Homes with Triplex Subtype

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