1609 E Balboa Boulevard, Newport Beach, CA 92661
Local realty services provided by:ERA Donahoe Realty
1609 E Balboa Boulevard,Newport Beach, CA 92661
$5,695,000
- 4 Beds
- 4 Baths
- 2,800 sq. ft.
- Single family
- Active
Listed by: giovanne helou, lisa helou
Office: the oppenheim group
MLS#:OC26207974
Source:San Diego MLS via CRMLS
Price summary
- Price:$5,695,000
- Price per sq. ft.:$2,033.93
About this home
**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...
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Home facts
- Year built:1949
- Subdivision & Development:Balboa Peninsula Point (BLPP)
- Listing ID #:OC26207974
- Added:4 day(s) ago
- Updated:September 28, 2026 at 03:00 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Carpet, Linoleum/Vinyl, Wood
- Kitchen Description:Barbecue, Convection Oven, Dishwasher, Disposal, Freezer, Gas Range, Microwave, Pantry, Refrigerator
- Living area:2,800 sq. ft.
Heating and cooling
- Cooling:Electric, Wall/Window
- Heating:Wall/Gravity
Structure and exterior
- Year built:1949
- Building area:2,800 sq. ft.
- Architectural Style:Cape Cod, Craftsman, Craftsman/Bungalow
- Construction Materials:Stucco
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$5,695,000
- Price per sq. ft.:$2,033.93
Features and amenities
- Appliances:Barbecue, Convection Oven, Dishwasher, Disposal, Freezer, Gas Range, Microwave, Refrigerator
Parking
- Total parking spaces:3
- Parking description:Garage
- Garage spaces:3
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