$4,099,999
-$100,0011324 W Balboa Boulevard, Newport Beach CA 92661
Multi-Family (Triplex)
Property type
321 days
On market
$1,229
Price per sqft
0 cars
Garage
1936
Year built
3,049 sqft
Lot size
Open Houses
Overview
Rare investment opportunity just steps from the sand and surf in one of Newport Beach’s most sought-after coastal communities. This legally recognized triplex has been previously reconfigured into six income-generating units, maximizing rental potential while preserving long-term flexibility. The property has been recently updated, including interior unit improvements and...
Listing provided by: Brandon Hobbs DRE #01929235 714-765-9880, Arbor Real Estate
Listing updated: Apr 30, 2026 at 03:27pm.
Last checked: Jun 5, 2026 at 04:30pm
Source: CRMLS #OC25162276
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $2,950 | $2,950 | $3,200 | Unfurnished |
| 1 | 2 | 1 | — | $2,850 | $2,850 | $2,950 | Unfurnished |
| 1 | 1 | 1 | — | $2,250 | $2,250 | $2,600 | Unfurnished |
| 1 | 0 | 1 | — | $1,850 | $1,850 | $1,850 | Unfurnished |
| 1 | 1 | 1 | — | $2,450 | $2,450 | $2,450 | Unfurnished |
| 1 | 0 | 1 | — | $2,250 | $2,250 | $2,250 | Unfurnished |
# of Buildings: 1
# of Units Total: 6
Separate Electric Meters: 3
Separate Gas Meters: 3
Separate Water Meters: 1
Rent Control: No
Units Leased: 6
Total Actual Rent: $14,600
Financial Snapshot
Gross Rent Multiplier
23.4x
List Price / Annual Gross Rent
Cap Rate
4.03%
NOI / List Price
Gross Scheduled Income: $175,200
Operating Expense: $9,836
Net Operating Income: $165,364
Annual Operating Expenses
Electric: $2,653
Fuel: $1,270
Insurance: $3,313
Maintenance: $600
Professional Management: $0
Trash: $600
Water / Sewer: $1,400
Interior
Laundry: Common Area
Entry Location: Main
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Carport
Garage Spaces: 0
Carport Spaces: 3
Parking Total: 3
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 04723329
Additional Parcels: No
Tax Lot: 7
Tax Block: 113
Subdivision: Balboa Peninsula (Residential) (BALP)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 1324 W Balboa Boulevard, Newport Beach, CA 92661. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,279,999
Total Interest
$4,183,458
Total Payment
$7,463,457
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$25,153
per month
Property History for 1324 W Balboa Boulevard
Newport Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92661.
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