126 E Balboa Blvd, Newport Beach, CA, 92661
About This Home
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.
Getting Around
Very Walkable
Minimal Transit
Very BikeableSchools
Construction
Condition
- Property condition: Repairs Cosmetic,Updated/Remodeled,Turnkey
- Year built: 1912
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Block
Type & Style
- Home type: MultiFamily
- Architectural style: Bungalow,Patio Home
- Property subType: Triplex
Interior
Appliances
- Appliances included: Dishwasher,Gas Cooktop,Disposal,Gas Oven,Gas Range,Gas Water Heater,Microwave,Water To Refrigerator,Water Heater
- Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,In Garage,Laundry Room,Upper Level
Bathroom
- Features: Jack and Jill Bath
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
Features
- Granite Counters,High Ceilings,Pantry,Recessed Lighting,Storage,Jack and Jill Bath
- Window features: Screens
- Flooring: Carpet,Laminate
- Fireplace features: Family Room
- Fireplace: Yes
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Electric
Interior Area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Details
- Parcel number: 04807216
- Special condition: Trust
- Exclusions: Tenants personal property.
Features
- Levels: One,Multi/Split
- Stories: 1
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Excellent Condition,Privacy,Stucco Wall,Wood,Wrought Iron
- Has view: Yes
- View description: Mountain(s),Neighborhood,Ocean,Panoramic,Peek-A-Boo
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Across the Road from Lake/Ocean,Beach Access,Beach Front,Ocean Access,Ocean Front
Lot
- Lot size: 2,178 sqft
- Features: 0-1 Unit/Acre,Level,Rectangular Lot,Street Level,Value In Land
- Lot size dimensions: 70 x 30
Parking
- Total spaces: 1
- Parking features: Door-Single,Garage,None,Permit Required,Private,Garage Faces Rear
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Earthquake
- Inland Flooding
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Orange County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $17,434 | $209,208 |
| Home Insurance * | $229 | $2,748 |
| Property Taxes | $3,073 | $36,876 |
| Electricity | $428 | $5,146 |
| Total | $21,164 | $253,968 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-13 | Listed for rent | $2,995 |
| 2026-03-05 | Price change | $3,448,000 |
| 2025-10-14 | Listed for sale | $3,498,000 |
| 2025-06-13 | Listing removed | $2,300 |
| 2025-06-04 | Listed for rent | $2,300 |
| 2024-01-22 | Listing removed | -- |
| 2024-01-19 | Listed for rent | $2,100 |
| 2023-11-06 | Listing removed | -- |
| 2023-11-02 | Listed for rent | $2,100 |
| 2022-04-15 | Sold | $2,550,000 |
| 2022-04-14 | Pending sale | $2,550,000 |
| 2022-03-01 | Contingent | $2,550,000 |
| 2022-01-31 | Listed for sale | $2,550,000 |
| 2021-05-23 | Listing removed | -- |
| 2021-05-18 | Listed for rent | $3,850 |
| 2019-12-18 | Sold | $1,425,000 |
| 2016-04-30 | Listing removed | $1,600 |
| 2015-03-15 | Listing removed | $1,575 |
| 2015-03-10 | Listed for rent | $1,575 |
| 2014-12-30 | Listing removed | $1,675 |
| 2014-12-23 | Listed for rent | $1,675 |
| 2014-04-08 | Listing removed | $2,400 |
| 2014-02-28 | Listed for rent | $2,400 |
| 2013-12-15 | Sold | $1,550,000 |
| 2012-05-23 | Listing removed | $2,100 |
| 2012-03-06 | Sold | $810,000 |
| 2010-09-14 | Sold | $875,000 |
| 2006-05-04 | Sold | $1,050,000 |
| 2002-05-14 | Sold | $650,000 |
| 2000-12-29 | Sold | $490,000 |
For Sale by Agent
View on Zillow