Browse All Newport Beach CA Multi-Family Properties for Sale

3 Beds ⋅ 4 Baths ⋅ 23315193 MLS ⋅ Active Status

Welcome to 603 E Balboa Blvd, a newly-renovated, exceptional mixed-use investment property located in the heart of Newport Beach, California. This three-story building boasts a strategic combination of commercial and residential spaces, offering an exciting investment opportunity. The 560 sqft~ ground floor of this property is zoned for retail use, providing an excellent opportunity for businesses looking to establish a presence in a bustling coastal community. With generous street frontage, this space offers unparalleled visibility and access to a high-traffic area, making it an attractive prospect for entrepreneurs and retailers. The upper two floors of 603 E Balboa Blvd are zoned for residential use and offer captivating views of the beach. The property also features two viewing decks with stunning ocean, bay and city light views. Situated in a highly walkable neighborhood, just moments from top-notch dining and the iconic Balboa Pier, this property offers a distinctive opportunity for both savvy investors and ambitious entrepreneurs looking to seamlessly integrate business and residence.

603 E Balboa Boulevard, Newport Beach

$3,649,000

NP23179029 MLS ⋅ Active Status

Discover authentic coastal living in the heart of the picturesque Balboa Peninsula. Located a mere ten homes away from the beach within the famed 100 block, and moments from Newport Beach's radiant sands and shimmering sea, this premier parcel epitomizes flexibility. Your dream beach home is now attainable. Enjoy it when you wish, and rent it when you choose. This dual-offering presents a perfect blend of significant income potential and personal beachside luxury. The property, spanning approximately 2,474 square feet, consists of two fully furnished units and underwent an exhaustive remodel and re-piping in 2020. Introduced by a private staircase, Unit B radiates elegance and style. With three bedrooms and two bathrooms, it features a spacious dining area and a balcony perfect for BBQ evenings. From its dramatic tongue and groove vaulted ceilings to sun-filled skylights, Dutch entry doors, custom designer tiles, and luxury vinyl plank flooring, every detail exudes sophistication. On the ground floor, Unit A is a contemporary gem with an open-plan design. It encompasses two bedrooms and two bathrooms and is adorned with upgrades such as Nest thermostats, recessed lighting, stainless steel appliances, custom cabinetry, designer subway tile backsplashes, and flawless countertops. 2711 W Balboa isn't merely a residence; it's a remarkable opportunity. With two short-term rental permits in hand, it boasts a cap rate of approximately 3%, offering considerable upside potential. Situated near iconic beaches, world-class dining, and the renowned Fashion Island Shopping center, this property is both a golden chance for steady income and a beachside paradise. Embrace the flexibility and make the beach both your backyard and your business.

2711 W Balboa Boulevard, Newport Beach

$3,995,000

NP23172528 MLS ⋅ Active Status

A terrific opportunity to own a rarely available "Oceanaire" duplex just steps from the sand on the Balboa Peninsula. Bring your imagination and architect/designer to this multi-unit investment property with peek-a-boo ocean views. The downstairs unit is two bedrooms and one bath and has an extra large front patio for entertaining. Upstairs, there is a three bedroom, one bath unit with a rear patio and a sunny front terrace. Laundry is on-site in a separate room with access from the side of the property. Parking is a three-car carport which could easily be converted into an enclosed garage. Remodel both units to capitalize on the ocean-close rental market, or convert to a Single Family with attached ADU. Multiple options given the large lot size of 3289 sft. Surf, sand, terrific restaurants, and shops are all within easy walking distance of this prime West Newport Beach location.

4908 Seashore Drive, Newport Beach

$2,885,000

NP23171117 MLS ⋅ Active Status

Finley tract duplex with 3 bedrooms 2 baths up plus a 3 bedroom 2 bath lower unit. Well maintained sits on a 30 X 95 lot. Spacious 2 car garage with laundry hookups for both units. Both units have fireplaces, upgraded baths and kitchens. Upper unit has vinyl floors throughout except kitchen and baths, Lower has tile floors except the bedrooms have carpet. Long term quality tenants with very low vacancy. Exterior recently painted, fumigated in March 2023. New wood beams installed in April. New concrete front patio. Upper unit has AC unit. Bean ceilings and large private deck off the primary bedroom. Tenants pay all utilities except water. Walk or short bike to Starbucks, Bank of America, Pavilions shopping center, Lido Marina Village, NoBu, Bear Flag, Zinque and many other exciting places to eat and shop. The Finley tract is close to beach without all the beach traffic.

517 35th Street Unit A & B, Newport Beach

$2,999,995

OC23168545 MLS ⋅ Active Status

STEPS to BOTH the Newport Bay and the sandy beach, and just a few short blocks to the Balboa Fun Zone, dining, shopping and the Balboa Island Ferry, this truly unique residence is nestled within the "Super Seven" of the Balboa Peninsula—streets predominantly occupied by long-term owners. This versatile floor plan offers the flexibility to function as EITHER A DUPLEX OR a SINGLE-FAMILY residence. Currently, it features a two-bedroom, two and a half-bath main unit AND a separate two-bedroom, two-bath upper unit, each with its own amenities! This one-of-a-kind property seamlessly blends personal luxury with investment potential, boasting open concept living spaces and an upstairs guest/rental unit that can be integrated with the main home if desired. Thoroughly updated, the recent remodel of the “main house” introduced hardwood flooring in the large great room that opens to both the front sunny patio and the gourmet kitchen with quartz counters, and premium LG & Samsung appliances. There is an oversized main level bedroom with adjacent full bath, along with a powder bath for guests. The second level master or primary suite stands out with its vaulted ceiling, cedar walk-in closet, and luxury fittings. The second unit has an optional exterior staircase entry to its family room with vaulted ceilings and a sunny balcony, open kitchen, private laundry, and 2 additional en suite bedrooms with private bathrooms. For added comfort, central heating and AC are available downstairs, while the upstairs rooms benefit from four mini-split units. An owned solar panel system with a backup battery ensures eco-friendly power. Additional features include a tankless water heater, full pex repipe, water filtration, and smart-home crestron automation, all complemented by an oversized two-car garage. Such versatile homes on the Balboa Peninsula are rare, making this a prime opportunity in a coveted location to enjoy beach-life all year around or easily rent out a portion of the home short or long term.

307 Anade Avenue, Newport Beach

$3,800,000

PW23132026 MLS ⋅ Active Status

Experience this Gorgeous Oceanside abode. Rare opportunity to own this incredible duplex just one block from the beach with Ocean views. Located in Balboa Peninsula’s luxurious beach stretch, this amazing property offers the southern California lifestyle of top surf, paddleboarding, boating, and biking. Both units have large open floor plans and great rental income potential. Upper unit consists of 4 bedrooms, 2 bathrooms with one of the bedrooms having its own ensuite bathroom. Upper unit boasts large living room area with open views of the beach and water. Both units offer updated kitchens and flooring throughout with an abundance of natural sunlight flowing in. Lower unit consist of large 3 bedrooms and 2 bathrooms with the living room opening to the front patio area; where you can enjoy the scenic views of the beautiful beach and soft ocean breeze. An additional bonus laundry room is located on the ground level, offering the convenience of onsite laundry for the tenants. The two exterior stairs offer easy access to the top unit, and a two-car garage in the back is a plus for parking in this popular beach location. Enjoy close proximity to Balboa Island’s pier, markets, restaurants, and shops. Both units are currently rented out to great tenants.

115 33rd Street, Newport Beach

$2,550,000

SB23130417 MLS ⋅ Active Status

Outstanding investment opportunity in the "Balboa Fun Zone" BTV. Each unit boasts 3 beds and 1 3/4 baths with 1250 room sqft BTV. Upstairs unit has been remodeled with open kitchen and vaulted ceilings. Both units show well and are ready for owner user or tenants. 3 car attached garage in a parking starved community!!! Seller has conducted a pre-sale general inspection which is included in MLS supplements. Top unit is rented on a month to month basis, bottom unit is currently being used for showing purposes. Single water meter, which owner pays. Separate electric and gas meters, which are paid for by tenant. Buyer is advised to check with city for the opportunity to add a 3rd level to this 2 story structure for potential views and additional income. Property is being sold as-is in it's present condition.

421 E. Balboa Blvd, Newport Beach

$3,625,000

NP23119674 MLS ⋅ Active Status

This is a rare opportunity to own a well-maintained mid-century duplex in the highly coveted "West Bay Ave" in Newport Beach. The property sits on 2,700 sqft lot and boasts 2,596 sqft of living space. This charming duplex is located just a few steps away from the picturesque Newport Bay and only three houses from the oceanfront. This highly sought-after location offers a lifestyle that blends coastal charm & beauty and endless recreational opportunities, making it a savvy investment opportunity. The upstairs unit has stunning views of Newport Bay and features 3 bedrooms, 2 full bathrooms, a den, an elevator, a private outside patio with a wet bar, and a big balcony to enjoy an indoor/outdoor living experience. It also has separate laundry facilities, central heating, interior and exterior staircases, and a 2-car direct access garage (plus an additional covered carport) with ample storage. The downstairs unit has 2 bedrooms, 1 full bathroom, an expansive patio designed for the quintessential indoor/outdoor Newport Beach lifestyle, central heating, a private rear patio, and separate laundry. Both units also have access to a hot/cold outdoor shower. This property offers various possibilities. You can live in one unit and rent out the other to offset your mortgage. Alternatively, you can use the elevator/indoor staircase to make this property more like an SFR by using both units for yourself. Another option is to rent out both units at current market rents. This property is conveniently located near the Balboa Fun Zone, Lido Village, restaurants, boutiques, and much more.

1103 W Bay Avenue, Newport Beach

$3,370,000

WS23112288 MLS ⋅ Active Status

RARE SHORT TERM RENTAL PERMIT. Gorgeous 2 unit building in the heart of Balboa Village on the Peninsula in Newport Beach. The Second floor features a beautifully renovated approximately 1900 SF 3-bed, 3-bath residential condo with stunning upgrades including oak floors, crown molding, skylights and Carrara marble accents throughout the home. The main living space features a chef's kitchen with stainless steel Thermador appliances, an open floor plan living and dining room with a built-in wine fridge and plenty of natural light with the vaulted ceilings and skylights and a balcony overlooking the courtyard. The bedrooms are located towards the rear of the unit with skylights lining the hallway and an in-unit washer & dryer. The primary bedroom features vaulted ceilings, a patio and an ensuite bathroom with an oversized walk in shower and beautiful marble finishes. The First floor includes approx. 1100 SF of commercial space that can be used as retail, office or flex space. Both upper and lower units open into a serene courtyard. Each unit is metered separately for all utilities. 6 covered garage tandem spaces and an EV charger. Fantastic Location; just half a block from the beach, across the street from the Balboa Fun Zone and close the Balboa Pier. Both Residential and Commercial Condo to be sold together. Current leases are month to month. Property has short term rental permit for the upstairs residential unit that is transferable. Amazing Value Add Opportunity!

609 E Balboa Boulevard, Newport Beach

$2,650,000

NP23109084 MLS ⋅ Pending Status

Balboa Peninsula’s barefoot beach luxury lifestyle comes together perfectly at 208 35th Street with the duplex's mix of a charming beach cottage and new modern luxuries throughout. Located in the heart of the Peninsula, the best surf spots, paddleboarding, boating, and dining are just steps away. This duplex features a first-floor unit with a new, open chef’s kitchen, a living room with a corner brick fireplace, and sliding doors that open to the patio with an ocean view. The updated downstairs unit includes a primary bedroom with a large walk-in closet, a flex space with a half bath, and its own exterior entrance that could be an office, home gym, or a second bedroom. Guests are welcomed in the upstairs unit with a four-season covered patio with new windows on all sides, making it a year-round, light-filled entertaining space. The upstairs unit also includes an open, airy living room, an updated kitchen, two bedrooms, and a bath. In addition to the newer kitchens and bathrooms in both units, the entire home has benefited from upgraded windows and flooring. Not only is 208 35th Street just steps away from the Peninsula's bay and beach, but also includes the benefits of being within walking distance to the best restaurants and shopping the Peninsula has to offer. The duplex has a two-car garage with convenient washer and dryer connections. Prior to the recent remodel for owner occupancy, this duplex was a highly profitable investment property.

208 35th Street, 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

$5,499,000

NP23061062 MLS ⋅ Active Status

Everyone is waiting to see if the projections are accurate - Well we are spot on for the first 5 months of the year! Don't wait and miss out on this investment property. June and July booked solid with just under $100k for just these two months alone. 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

$3,350,000

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

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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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