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Exceptional Balboa Peninsula Triplex - Steps from the Ocean and Bay! A rare opportunity to own an income-producing triplex on one of Newport Beach's most desirable streets, just 250 feet from the sandy beach and 500 feet from the Newport pier and 700 feet from the Newport Pavilion. Perfect for owner users / investors seeking strong returns, flexible rental options, and long-term appreciation. This fully upgraded property includes three beautifully maintained units, each with its own mini-split A/C system, modern finishes, and private laundry. All three units are currently occupied on month-to-month leases, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired. Front House (126 E Balboa Blvd) - 2 Bedrooms | 1 Bathroom | Fireplace. A bright and inviting front home featuring an open living area with fireplace, upgraded kitchen, detached indoor laundry room, and storage area. The property also boasts an **expansive raised front patio"”the largest on the block"”**perfect for entertaining or maximizing tenant appeal. Upper Unit (126 ½ E Balboa Blvd) - 1 Bedroom + Loft/Office | 1 Bathroom. This upper-level unit features a light-filled living area, modern kitchen, in-unit laundry, and a private balcony with peek-a-boo ocean view"”ideal for professionals, couples, or as a premium vacation rental. Lower Unit (126 ¼ E Balboa Blvd) - 1 Bedroom | 1 Bathroom. Compact, efficient, and beautifully updated, the lower unit offers a cozy living space and kitchen, with laundry conveniently located in the attached garage. All units have been upgraded and are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable location"”close to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferry"”this triplex enjoys consistent tenant demand and strong year-round occupancy. Immediate income - all units occupied on month-to-month leases. Prime location - short walk to sand, surf, and bay. High rental potential - flexible use for long-term, short-term, or owner-occupied investment. Rare Peninsula find - upgraded, air-conditioned, and well maintained Whether you're an investor expanding your portfolio or a buyer seeking a beachside income property with exceptional upside, 126 E Balboa Blvd is the one to see. Invest where everyone wants to stay"”and earn while you plan your next move.
| DAYS ON MARKET | 155 | LAST UPDATED | 3/5/2026 |
|---|---|---|---|
| TRACT | Balboa Peninsula (Residential) (BALP) | YEAR BUILT | 1912 |
| COMMUNITY | NP - Balboa Peninsula | GARAGE SPACES | 1.0 |
| COUNTY | Orange | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Mar 5, '26 | $3,498,000 |
|---|---|
| Mar 5, '26 - Today | $3,448,000 |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Water Heater |
| AREA | NP - Balboa Peninsula |
| CONSTRUCTION | Block |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| INTERIOR | Granite Counters, High Ceilings, Pantry, Recessed Lighting, Storage |
| LOT | 2178 sq ft |
| LOT DESCRIPTION | Level, Rectangular Lot |
| LOT DIMENSIONS | 70x30 |
| PARKING | Garage, None, Permit Required, Private, Garage Faces Rear |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | One, Multi/Split |
| STYLE | Bungalow, PatioHome |
| SUBDIVISION | Balboa Peninsula (Residential) (BALP) |
| TAXES | 28457 |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), Neighborhood, Ocean, Panoramic |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Beach Access, Beach Front, Ocean Access, Ocean Front |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/16/26 8:07 PM PDT 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. Properties may or may not be listed by the office/agent presenting the information
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