Browse All Newport Beach CA Multi-Family Properties for Sale

LOCATION LOCATION LOCATION! Rare Opportunity with fully licensed Short-Term rental permits. Three separate units all just one house to the beach and one block to the pier and back bay. All extensively remodeled with new kitchens, bathrooms, flooring, roof and electrical. All three units come fully furnished and brings in approximately $200,000 a year income from airbnb. The rear unit is a single level with no one on top and or side of you. It's completely free standing with no stairs.

1825 W Balboa Boulevard, Newport Beach

$2,695,000

OC23094304 MLS ⋅ Active Under Contract Status

Perfectly situated between the beach and the bay, this charming duplex offers all of the essentials enjoy the best of coastal living with its premiere location and flexible floor plan. The upper owners unit consists of 2 bedrooms and 2 bathrooms plus a den or entertainment area, an office loft, sleeping loft and 2 outdoor patios one with a peak view of the bay. The lower unit offers two bedrooms, 1 bath and open onto a front patio. With close proximity to the beach, the bay and the Balboa Fun Zone, this represents an investment opportunity or an opportunity for an owner-user to enjoy the beach lifestyle in Newport Beach while enjoying additional income from the additional unit.

308 Alvarado Place, Newport Beach

$3,899,000

NP23082185 MLS ⋅ Active Status

Exceptionally rare on the peninsula, this luxuriously upgraded and remodeled duplex on Newport Beach’s exclusive Peninsula offers a AAA location and a grand total of 5 bedrooms and 4 baths. Property was completely remodeled in 2021 and both units have Short Term Rental Permits! Ocean and bay access is just across the street from the prime interior-corner property, where a new entry door introduces a lower residence with 2 bedrooms, 2 baths, new engineered woodgrain plank flooring, fresh paint, new designer hardware, a new interior laundry space, and energy efficient AC cooling. Upstairs, 3 bedrooms and 2 baths await in a chic setting with an open floor plan, vaulted ceilings, large patio, and a newer appliances in the kitchen. Both units are open and bright, with multi-zoned cooling, scenic views and fresh sea breezes complementing living areas that showcase a contemporary design, remodeled baths, designer kitchens with with onyx countertops, newer cabinetry, upgraded window treatments, and master suites with large closet. Enjoy outdoor relaxation and entertaining on a spacious front patio and a spacious upper terrace, all complemented by contemporary architecture. Newport Island Park is just down the block, walking distance to Pavilions market, world famous Newport Pier and miles of beaches, Balboa Island, lido Marina, restaurants, shops and recreation are minutes away.

205 33rd Street, Newport Beach

$3,280,000

WS23068348 MLS ⋅ Active Status

Great investment opportunity awaits for you. The three story Triplex is located just one house off the boardwalk and a few blocks from the heart of Balboa Village and the Fun Zone. This Triplex was designed and built by Svend Nielsen, who was known for SoCAL landmarks such as Discovery Cube and the Forum (according to prior listing agent’s description). It features three units with 2 bedrooms, 1 bathroom and in unit laundry. The 2nd and 3rd floor units have ocean peek-a-boo view. All units have private outdoor space and balcony, 2 car carport parking. A private shower room is located on the ground floor. The roof was replaced in 2016, a Tesla solar system was installed and the automated blinds, thermostats, security system can be remotely controlled by the smart home hub. Property has been well managed by the local real estate company. Long term renters are in place with stable income and the room to increase rents in the future.

109 E Balboa Boulevard, Newport Beach

$3,450,000

NP23064374 MLS ⋅ Pending Status

Pristine 5 bedroom, 4 bath Balboa Island duplex, ideally located on lovely "Heart of the Island," Sapphire Avenue. Newly installed laminated floors and fresh paint grace this oversized 2,529 square-foot two-unit home. The first level of the main home encompasses a stately living room with fireplace, adjacent dining room, large kitchen, and 3/4 bath. The living room opens to a sunny front patio, and the dining room faces a private interior courtyard. The 2nd level showcases three bedrooms and two baths, including the spacious primary bedroom. The rear unit can be reached through the main home or its own private staircase. There is a small deck, living/dining space, kitchen, bath, and two bedrooms, including one with built-in bunk beds. A two-car garage, AC, and new underground drain lines complete this superior property.

211 Sapphire Avenue, Newport Beach

$5,900,000

NP23061062 MLS ⋅ Active Status

This property was designed and built specifically as a short-term rental property maximizing on room count and rentability. Recently constructed Eight (8) full siize bedrooms, 5 full baths and 2 half bath Newport Beach Balboa Peninsula Duplex Home- complete with TWO (2) SHORT TERM LODGING (RENTAL) PERMITS. This is an investors’ dream as the property has been recently completed and fully operational with proven substantial rental income. The front and back units consist of a 5-bedroom 3.5 bath rear unit with all new kitchen, new appliances and sitting room with a huge oversized indoor/outdoor great room. The upstairs primary bedroom has a large walk-in closet and large private deck with ocean breezes and city light views. The front unit consists of 3 bedrooms and 2.5 baths with a great front porch. The entire property was upgraded with independent air conditioning and independent heating zones for every room. Amazing parking for four cars; a full size, side-by-side two car garage and an additional two car covered car port. This is an incredible location surrounded by Lido Village, the Newport Beach Bayfront, and is just a stroll across the street to the most beautiful beaches in Newport. Lido Marina Village has recently gone through an incredible makeover and offers the best restaurant and shopping Newport Beach has to offer. Along with direct access to Lido and the beaches, you are located just off Pacific Coast Highway and direct access to the freeways.

215 32nd Street, Newport Beach

$3,900,000

NP23025528 MLS ⋅ Pending Status

FIRST TIME ON THE MARKET IN 50 + years. 913 W Balboa Blvd. This Tri-plex is located on the Balboa Peninsula with Great walkability to the Balboa Pier and local restaurants and is situated one building in from the board walk / sand. Ideal for the investor or the individual looking to live in one unit and rent out the others. Each floor has a three-bedroom 2 bathroom, with patios/balconies along with oversized bedrooms and Views from the roof top deck. Relaxation and entertaining is ideal on the patios. The units on the second floor has a peek a boo view out towards the Ocean. The unit on the 3rd floor has views of the Ocean and of the Bay. When you go up onto the roof top deck. you have clear 360 degree views up and down the coast. Unit A on the ground floor was completely updated in a few years back. Unit B & C need to be updated. All units have been rented constantly. Highly desirable area. Property is being sold as is! Tenants are all month to month Showings with acceptable offers only. Great potential for weekly summer rental etc etc. Buyer to verify with the city of Newport on property qualifications for short term rentals. Sellers reserves the Escrow & Tittle companies. Seller will consider all reasonable offers!

913 W Balboa Boulevard, Newport Beach

$3,300,000

4 Beds ⋅ 4 Baths ⋅ 23255251 MLS ⋅ Active Status

This is an incredible opportunity in the Balboa Peninsula, situated on a large lot just one house away from the sands of beautiful Newport Beach. Both units can be delivered vacant, providing endless opportunities to achieve current market rents after remodeling units. You can enjoy the convenience of being within walking distance of Newport Beach Pier, restaurants, and Marina Park. Additionally, the location is close to Balboa Island and fashion island. The current building is a duplex featuring a lower unit with 2 beds and 1.5 baths. The upper unit features 2 beds and 2.5 baths with four outdoor decks, including one with panoramic ocean views. Both offer in-unit laundry and include one covered parking space. This stunning duplex prime location next to the beach presents an incredible opportunity for a great investment that won't last long!

1913 Court Avenue, Newport Beach

$3,350,000

6 Beds ⋅ 4 Baths ⋅ 23252781 MLS ⋅ Active Status

Here is the incredible beach paradise very rare income opportunity you have been looking for! This great property is all about location, location, location located smack in the middle of the Peninsula within steps to the beach, world class surfing and all the summer fun. This highly sought after rarely on the market large 3075 sq ft home is just steps from the beach and perfect for an owner-occupied investment property, rent both units or even apply for vacation rental permits. Two blocks from the beach you will be able to get top rental income no matter what rental path you choose. This great property boasts a huge upper unit of 4 beds and 2 baths and the lower is 2 beds and 2 baths. A giant four car garage with new garage door and opener is perfect space for all your tenants. The upper unit is extremely spacious with it's huge vaulted ceilings and great front porch for people watching and enjoying those cool summer nights. The freshly remodeled lower unit is very open and airy with a great private back patio to enjoy the beautiful Newport weather. The property also has a new roof, garage door and opener. This rarely available type of property is priced to sell so it won't last long. Don't miss this opportunity.

5102 Neptune Avenue, Newport Beach

$2,398,000

4 Beds ⋅ 3 Baths ⋅ NP23041042 MLS ⋅ Active Under Contract Status

Seller Financing available! Welcome to 206 E Bay/304 Alvarado Ave, in the beautiful city of Newport Beach! This property is centrally located on the peninsula on a desirable corner lot that is steps away from both the bay and ocean, the Balboa Fun Zone, restaurants, boutiques, & much more! 206 E Bay/304 Alvarado is a triplex on the same lot, (2bed/1bath top unit - 1bed/1bath bottom unit - 1bed/1bath bungalow) this is an opportunity for you to own a multifamily investment property for income, live in one unit and rent out the other units to reduce your mortgage, & or buy this property for its corner lot location & build up a masterful new construction that has bay views down Alvarado street & could potentially boast additional panoramic bay views/ ocean views from a rooftop deck! Endless possibilities with this property, come see it for yourself!

304 Alvarado Place, Newport Beach

$6,875,000

NP23034593 MLS ⋅ Active Status

Welcome to 1818 West Oceanfront, the Newport Beach Peninsula’s ultimate beach house and an incredible investment. This is an opportunity to own the first two floors of this three story building. This six bedroom, four and a half bathroom, 3,600 sqft. residence is right on the sand with jaw dropping views of the coastline, Catalina Island, and both the Balboa and Newport Piers. This wonderfully functional beachfront home comes with a short term rental permit and proven rental income for the past eleven years. Spanning two floors, this unique rental is quite spacious with three ensuite guest bedrooms and the perfect floor plan for family gatherings or a week on the beach. Picture windows capture the breathtaking beach and ocean views as far as the eye can see. The upper level encompasses three bedrooms, a large living, kitchen, and family rooms, which all include areas for dining, entertaining, and lounging. The lower level has three bedrooms and two bathrooms, with a large living room/game room which opens to an enclosed patio to enjoy the active boardwalk lifestyle passing by. A tandem two car garage & two car carport with abundant storage completes this incredible beach compound. Seize the day – and this toes-in-the-sand opportunity – to purchase your dream home or investment opportunity at one of the finest beaches in the world! Just walking distance to Marina Park, the Newport Harbor, Lido Marina Village, Balboa and Newport Piers, great dining, shopping and more!

1818 W Oceanfront, Newport Beach

$3,350,000

NP23034313 MLS ⋅ Active Status

Located just 2 Blocks from the sunny beaches of West Newport and one house from the Canals, this extremely well maintained corner duplex is the perfect income generator and/or development opportunity. Consisting of 2 units, upstairs and downstairs, both are 3 bedrooms and 2 baths that share an attached garage. Updated approximately 10 years ago, there are currently long-term tenants occupying the units on a month to month basis. The highly desirable neighborhood is perfect as the local amenities including grocery stores, restaurants, parks and beaches are all within walking distance.

213 41st Street, Newport Beach

$2,795,000

NP23017678 MLS ⋅ Active Under Contract Status

PRICE REDUCED $200,000 on this Charming Balboa Island Duplex, Circa 1932. The main cottage showcases 3 bedrooms, 2 baths, a den, beautiful fir wood floors, and a sunny front patio. The private rear 1 bedroom, 1 bath cottage is over the garage area and features a generous living space with updated kitchen, windows, flooring, and lighting. There are 2 single-car garages, each with separate laundry facilities, plus a parking space behind the garage. Steps from both the South Bayfront and the Island Village, 121 Marine provides endless opportunities to enjoy the best of Balboa Island!

121 Marine Avenue, Newport Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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