Active

1609 E Balboa Boulevard

Newport Beach, CA 92661
Mark as Favorite
Bed 4

Bed

Bath 4

Bath

SqFt2,800

Sqft

SqFt2,572

Sqft(Lot)

**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-sys tem 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.

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : Residential

Price : $5,695,000

AD Id : 91447592

MLS Id : OC26207974

Beds : 4

Lot Size : 2,572 Sq. Ft

Living Area Size : 2,800 Sq. Ft

Year Built : 1949

Garage : 3

County : Orange

Subdivision: Briarwood Club

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Flooring Information

    Carpet, Vinyl, Wood
  • Interior Features

    BuiltInFeatures, CeilingFans, CrownMolding, HighCeilings, OpenFloorplan, Pantry, PanelingWainscoting, StoneCounters, Storage
    Appliances: Barbecue, ConvectionOven, Dishwasher, Freezer, Disposal, GasRange, Microwave, Refrigerator
    Laundry Features: CommonArea, Inside, LaundryRoom
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: Electric, SeeRemarks, WallWindowUnits

  • Building Information

    Year Built: 1949
    Construction Materials: Stucco
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: CityLights
  • Exterior Features

    Exterior Features: Barbecue

  • Lot Information

    Main Square Feet: 2572 Lot Size Acres: 0.059 Lot Size Source: Estimated Lot Size Square Feet: 2,572 Lot Description: TwoToFiveUnitsAcre

    Property Information

    Subdivision: Balboa Peninsula Point (BLPP) Source Property Type: Residential Postal Code Plus 4: 1438 Property SubType: Quadruplex Levels: Two Property Age: 77

  • Listing Price Information

    Listing Price: $5695000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 04819108 Tax Lot: 8 Tax Block: J

  • Parking Information

    Parking Total: 3 Garage, Private, GarageFacesRear, SeeRemarks

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 3

  • Utility Information

    ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: Cross streets: E Balboa Blvd & H Street WaterSource: Public
Sell a home like this and save $341,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2137 Miramar, Newport Beach, CA, 92661 $549,800 4 3 2,088 2,730 Sq. Ft
2258 Channel Road, Newport Beach, CA, 92661 $21,500,000 7 7 8,433 6,000 Sq. Ft
2004 E Ocean Boulevard, Newport Beach, CA, 92661 $4,195,000 2 2 1,187 2,625 Sq. Ft
503 J, Newport Beach, CA, 92661 $8,495,000 4 6 3,577 3,000 Sq. Ft
1703 Plaza Del Sur, Newport Beach, CA, 92661 $909,000 4 5 3,117 2,522 Sq. Ft
1717 E Ocean Boulevard, Newport Beach, CA, 92661 $8,349,000 4 5 3,118 2,450 Sq. Ft
1706 E Ocean Boulevard, Newport Beach, CA, 92661 $4,450,000 3 2 2,366 2,625 Sq. Ft
1617 E Balboa Boulevard, Newport Beach, CA, 92661 $5,350,000 4 3 2,078 3,080 Sq. Ft
1508 E Balboa Boulevard, Newport Beach, CA, 92661 $6,995,000 4 6 3,316 2,700 Sq. Ft
1554 E Oceanfront, Newport Beach, CA, 92661 $13,500,000 5 6 3,649 3,280 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/27/2026 @ 02:34

MLS: OC26207974 LISTED BY: Giovanne Helou, The Oppenheim Group 949-706-4974 SOURCE: CRMLS

Homes around $5,695,000

Selling? Save $341,201 when you sell a home like this

Tour with a ByOwner Agent