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$5,695,000

Est. payment - /mo

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4 Beds

4 Baths

2,800 SqFt

New

1609 E Balboa Boulevard Newport Beach, CA 92661

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Dusty Brazil

dustybrazil@gmail.com +1(760) 207-7245

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 2,800 sqft

Price per Sqft $2,033

Subdivision Balboa Peninsula Point (Blpp)

MLS Listing ID OC26207974

Style Cape Cod,Craftsman,Craftsman/Bungalow

Bedrooms 4

Full Baths 4

Year Built 1949

Lot Size 2,572 Sqft

Property Sub-Type All Other Attached

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, generating $186,120 in annual gross scheduled income. 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 reside

Location

State CA

County Orange

Direction Cross streets: E Balboa Blvd & H Street

Interior

Interior Features Pantry, Stone Counters, Wainscoting

Heating Wall/Gravity

Cooling Wall/Window, Other/Remarks, Electric

Flooring Carpet, Linoleum/Vinyl, Wood

Fireplaces Type FP in Family Room, FP in Living Room

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Convection Oven, Freezer, Barbecue, Gas Range

Exterior

Parking Features Garage

Garage Spaces 3.0

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Other/Remarks, City Lights

Accessibility 2+ Access Exits

Total Parking Spaces 3

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 04819108

Acceptable Financing Cash, Cash To New Loan

Listing Terms Cash, Cash To New Loan

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=jnkoWu6dZvm

Listed by Giovanne Helou, DRE#02068352 The Oppenheim Group
Co-listed byLisa Helou • The Oppenheim Group

NEARBY SCHOOL & BUSINESS

Dusty Brazil

Agent License ID: 01780273

+1(760) 207-7245 | dustybrazil@gmail.com

1609 E Balboa Boulevard Newport Beach, CA 92661

Dusty Brazil

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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1609 E Balboa Boulevard