USACANewport BeachBalboa Peninsula Point (Blpp)1609 E Balboa Blvd

Virtual Tour

$5,695,000

For Sale

15 days ago

1609 E Balboa Blvd, Newport Beach, CA

House

MLS® OC26207974

4 Bed

4 Bath

2800 sqft

3 Parking

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential

Size 2800 sqft

Garage Yes

Taxes

Days Active 15

Lot Size 0.059 Acres

Approx. Age 1949

Avg. Price Per Sqft $2,033

MLS® Number OC26207974

Property Address: 1609 E Balboa Blvd, Newport Beach, CA, 92661-1118

Average square foot calculated using Size range provided by listing agent.

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 Beach’s 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 configuration—an 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 residences. The location is truly exceptional—within easy walking distance of the beach, bay, restaurants, boutiques, schools, and the world-famous Wedge Beach. Enjoy morning walks along the sand, afternoons on the bay, or the vibrant dining and coastal lifestyle that makes the Balboa Peninsula so sought-after. Peninsula Point is celebrated for its iconic community traditions, including the Christmas Boat Parade and Fourth of July festivities, as well as its proximity to the private Bay Beach and tennis club. Rarely does a property offer this combination of four turnkey residences, owner-quality renovation, parking, outdoor space, and an irreplaceable coastal location. 1609 E Balboa Blvd is a distinctive Newport Beach offering with the flexibility to enjoy as an investment, personal retreat, or both—a truly special opportunity in one of the coast’s most prized neighborhoods.

MLS® NumberOC26207974

Laundry LevelEnsuite

Central VacNo

FireplaceYes

Acreage

Exterior

GarageYes

Approx. Age1949

Basement

DrivewayGarage, Private, Garage Faces Rear, See Remarks

Garage Spaces

HeatWall Furnace

A/CElectric, See Remarks, Wall Window Units

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Sep 23, 2026List Date

$5,695,000List Price

Home Appraisal

This property is estimated to sell between: $5,695,000 and $9,480,000.

Similar properties in this area sold on average for: $8,218,214

Expected to sell in 24 days. Similar properties sold in 39 days. This home has been on eXp Realty for 15 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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