#NP25088084, Timothy Carr, Listing office: Pacific Sotheby's Int'l Realty
#OC25162276·
Listing office: Arbor Real Estate·
Listing agent: Brandon Hobbs·
Listing office phone: 949-673-7600
$4,200,000 List price
1324 W Balboa Blvd Newport Beach, CA 92661
0.07 acres
Multi-Family
Property details
About 1324 W Balboa Blvd
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 fresh exterior paint, offering a clean and well-maintained impression throughout. On-site 3-carport parking adds convenience for tenants. With easy potential to convert back to 3 or 4 larger units, this property offers a flexible exit strategy for future redevelopment or owner-occupant use. Situated just a short stroll to the beach, Lido Marina Village, top dining, shops, and the harbor, this is a prime opportunity for both short- and long-term income investors. Interior unit photos and unit rent breakdown available upon request.
Highlights
Home typeTriplex
StatusActive
Lot size0.07 Acres
Year built1936
ParkingCarport
MLS #OC25162276
Virtual tour
Summary
- Private Pool: No
- Parking: Carport
- List Price: $4,200,000
- HOA Amount: $0
- Annual Tax Amount: $29,274
- Tax Year: 2024
- Directions: Continue straight as the 55 Freeway ends, it turns into Newport Blvd., continue heading south for about 2.5 miles.After crossing the Balboa Blvd/32nd Street intersection, veer right onto W Balboa Blvd. about 1 mile, on your right, near F St.
- Year Built: 1936
- Stories: 2
- Lot Size: 0.07 Acres
- MLS Number: OC25162276
- MLS Name: CRMLS
- Office Name: Arbor Real Estate
- Office Phone: (949) 673-7600
- Listing Agent: Brandon Hobbs
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 9:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 10, 2018 | Home Sold | $2,425,000 |
| Sep 27, 1989 | Home Sold | $425,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,705,131 | $29,274 |
| 2023 | $2,652,090 | $28,585 |
| 2022 | $2,600,089 | $28,106 |
| 2021 | $2,549,107 | $27,570 |
| 2020 | $2,522,970 | $27,305 |
| 2019 | $2,473,500 | $8,490 |
| 2018 | $738,217 | $8,490 |
| 2017 | $723,743 | $8,343 |
History based on county public records data.
Nearby schools
8
Newport Elementary School
Public District KG-6
0.1 mi
•1327 W Balboa Blvd
7
Newport Heights Elementary School
Public District KG-6
1.5 mi
•300 E 15th St
7
Mariners Elementary School
Public District KG-6
1.9 mi
•2100 Mariners Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $110,552. Residents of Newport Beach, CA typically earn between $35k-100k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
11%
<35k
33%
35k-100k
29%
100k-200k
27%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
68%
Single, No Kids
6%
Single, with Kids
19%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
5%
12-17 yrs old
36%
18-34 yrs old
39%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Music Concerts
Live Theatre
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Chipotle
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Mercedes
What do the neighbors listen to?
News
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1324 W Balboa Blvd
The listing price of 1324 W Balboa Blvd property is $4,200,000.
The property 1324 W Balboa Blvd is a multi located in Newport Beach, California, 92661.
Active Listing: 1324 W Balboa Blvd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1324 W Balboa Blvd are: Newport Elementary School (GreatSchools Rating 8/10), Newport Heights Elementary School (GreatSchools Rating 7/10), Mariners Elementary School (GreatSchools Rating 7/10), Horace Ensign Intermediate School (GreatSchools Rating 8/10), Isaac L. Sowers Middle School (GreatSchools Rating 7/10), Vista Verde K-8 School (GreatSchools Rating 9/10), Newport Harbor High School (GreatSchools Rating 7/10), Corona Del Mar Middle and High School (GreatSchools Rating 8/10), Early College High School (GreatSchools Rating 10/10).
According to the records, the last property tax for 2024 is $29,274 (source: MLS/based on county public records data).
The last sale was on May 10, 2018 for $2,425,000 (source: MLS/tax record).
The year of construction for 1324 W Balboa Blvd is 1936.
This home is located at 1324 W Balboa Blvd in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 19, 2025 and is currently priced at $4,200,000.
While more than 10 listings in Newport Beach, CA in June 2025 were sold above asking price, there were more than 18 listings sold at asking price, and more than 60 were sold below. In June 2025 in Newport Beach, CA there were 3.9% more homes for sale than in May. In June 2025 median list price was $3,662,500 and the average listing age was 46 days.
From Rocket Homes Real Estate and based on county public records data.