1733 W Balboa Boulevard, Newport Beach, California 92663

$4,599,000

Property Type

Residential Income

Building Size

3,857 sqft

City

Newport Beach

Status

Active

Rare opportunity to own a four-unit investment property on an oversized corner lot on the ocean side of Balboa Blvd, directly across from Marina Park and just steps from the beach and surfing at The Point. Ideally positioned near Newport Pier, this exceptional Peninsula location puts the ocean, bay, boardwalk, dining, and entertainment all within easy reach. The property features a spacious 4-bedroom, 2-bathroom unit with an active Short-Term Rental (STR) permit, offering valuable vacation rental income potential in one of Newport Beach’s most desirable coastal destinations. The remaining three units are each 2 bedrooms and 1 bathroom and are operated as long-term rentals, providing an attractive combination of short-term and stable long-term rental income. Adding to the property’s appeal, each of the four units has its own private garage—a rare and highly desirable amenity on the Balboa Peninsula. The oversized corner lot further distinguishes the property, providing excellent presence and a setting that is increasingly difficult to find in this coveted beach community. With Marina Park directly across the street, surfing at The Point just steps away, Newport Pier nearby, and both the ocean and bay at your doorstep, 1733 W Balboa Blvd presents a unique opportunity to acquire a four-unit Newport Beach investment combining location, income versatility, parking, and the quintessential Peninsula lifestyle.