$3,448,000
-$50,000126 E Balboa, Newport Beach CA 92661
Multi-Family (Triplex)
Property type
234 days
On market
$1,724
Price per sqft
1 car
Garage
1912
Year built
2,178 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: VINOD DESAR DRE #01899239 951-533-7525, BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY, ARIANNA ANASTASIA DRE #02159729, BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Listing updated: Apr 2, 2026 at 06:18pm.
Last checked: Jun 5, 2026 at 07:01pm
Source: CRMLS #IV25238475
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $3,650 | $3,650 | $4,500 | Unfurnished |
| 1 | 1 | 1 | — | $3,150 | $3,150 | $3,500 | Unfurnished |
| 1 | 1 | 1 | — | $2,300 | $2,300 | $3,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 3
Separate Electric Meters: 1
Separate Gas Meters: 1
Separate Water Meters: 1
Carpet: 3
Dishwasher: 3
Disposal: 3
Ranges: 3
Refrigerator: 3
Rent Control: No
Units Leased: 3
Total Actual Rent: $109,200
Tenant Pays: Insurance, Parking Fee
Financial Snapshot
Gross Rent Multiplier
31.6x
List Price / Annual Gross Rent
Cap Rate
3%
NOI / List Price
Gross Scheduled Income: $109,200
Vacancy Allowance: $3,276
Operating Expense: $15,260
Net Operating Income: $90,664
Annual Operating Expenses
Electric: $2,800
Furniture Replacement: $0
Gardener: $0
Fuel: $0
Insurance: $2,500
Maintenance: $2,700
Pest Control: $300
Professional Management: $4,680
Trash: $600
Water / Sewer: $1,800
Interior
Interior Features: Granite Counters, High Ceilings, Pantry, Recessed Lighting, Storage, Jack And Jill Bath
Room Type: Bathroom, Kitchen
Flooring: Carpet, Laminate
Cooling: Electric
Heating: Wall Furnace
Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Water To Refrigerator, Water Heater
Fireplace: Family Room
Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Laundry Room, Upper Level
Entry Location: 1
Exterior
Architectural Style: Bungalow, Patio Home
Property Attached: No
Stories Total: 1
Levels: One, Multi Split
Roof: Shingle
Foundation: Slab
Window Features: Screens
Construction Materials: Block
Property Condition: Repairs Cosmetic, Updated Remodeled, Turnkey
Common Walls: No Common Walls
Direction Faces: East
Security Features: Security System, Carbon Monoxide Detectors, Fire Detection System, Resident Manager, Smoke Detectors, Security Lights
Lot Features: Zero To One Unit Acre, Level, Rectangular Lot, Street Level, Value In Land
Pool: None
Spa: None
Fencing: Excellent Condition, Privacy, Stucco Wall, Wood, Wrought Iron
Water Source: Public
Sewer: Public Sewer
Electric: Electricity On Property, Standard
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: Mountains, Neighborhood, Ocean, Panoramic, Peek Aboo
Road Frontage Type: City Street
Road Surface Type: Alley Paved, Paved
Waterfront Features: Across The Road From Lake Ocean, Beach Access, Beach Front, Ocean Access, Ocean Front
Garage and Parking
Parking: Door Single, Garage, Permit Required, Private, Garage Faces Rear
Garage Spaces: 1
Parking Total: 1
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 04807216
Additional Parcels: No
Tax Lot: 20
Tax Block: 1
Lot Size Dimensions: 70x30
Lot Dimensions Source: Estimated
Subdivision: Balboa Peninsula (Residential) (BALP)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Park, Street Lights, Suburban, Sidewalks, Water Sports
Nearby Schools
Nearby schools around the 126 E Balboa, Newport Beach, CA 92661. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,758,400
Total Interest
$3,518,187
Total Payment
$6,276,587
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$21,177
per month
Property History for 126 E Balboa
Newport Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92661.
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