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A rare corner-lot multifamily opportunity on Newport Beach's Balboa Peninsula, 1200 W Balboa Boulevard combines an elevated, raised-foundation setting, a versatile THREE-UNIT CONFIGURATION, and exceptional coastal walkability. The upper-level three-bedroom, two-bathroom unit features a standout deck with outstanding OCEAN-VIEWS AND PARTIAL BAY VIEWS. Two single-level, two-bedroom, two-bathroom residences occupy the front and rear of the property, separated by a shared courtyard and community laundry room. A two-car garage and an additional carport space provide valuable parking. Held by the same owner for nearly 40 years, the property reflects longstanding pride of ownership and offers compelling potential for investors and buyers seeking an owner's residence with rental income. Well-maintained interiors are complemented by a newer roof, dual-pane windows, ongoing termite maintenance, upgraded ABS drain lines, and upgraded electrical panels. The upper residence also features central heating. With tenants in place and strong rental upside potential, the property offers established income and an appealing opportunity for long-term growth. Its thoughtful configuration is equally attractive for those looking to occupy one residence while renting the others. Centrally located between Marina Park, Newport Pier, and the Balboa Fun Zone, this quiet coastal setting places beaches, bayfront recreation, dining, and shopping within easy reach"”an exceptional opportunity to enjoy and invest in the Peninsula lifestyle.
Property Type(s):
Residential Income
| Last Updated | 11/4/2026 | Tract | Balboa Peninsula (Residential) (BALP) |
|---|---|---|---|
| Year Built | 1953 | Community | NP - Balboa Peninsula |
| Garage Spaces | 2.0 | County | Orange |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan |
| AREA | NP - Balboa Peninsula |
| CONSTRUCTION | Stucco |
| EXTERIOR | Lighting, Rain Gutters |
| GARAGE | Yes |
| HEAT | Central, Wall Furnace |
| INTERIOR | Built-in Features, Ceiling Fan(s), Open Floorplan, Storage, Track Lighting |
| LOT | 3049 sq ft |
| LOT DESCRIPTION | Corner Lot, Landscaped |
| LOT DIMENSIONS | 3049 |
| PARKING | Assigned, Carport, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Balboa Peninsula (Residential) (BALP) |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay, Neighborhood, Ocean |
| WATER | Public |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, 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 CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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