Home | Orange County | Newport Beach | 92661 | 1609 E Balboa Bld
MLS: CROC26207974 | Status: Active | Price: $5,695,000
Beds/Baths: 4 / 4
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 4 | 4 | 2,800 | 2,572 | 1949 |
Maximize your portfolio with this rare turnkey four-unit offering in coveted Peninsula Point, just moments from both the beach and bay. 1609 E Balboa Blvd presents a meticulously maintained and extensively upgraded property in one of Newport Beach’s most desirable coastal enclaves, generating $186,120 in annual gross scheduled income. The property features four one-bedroom, one-bathroom residences, offering an exceptional combination of investment potential, quality, and quintessential Newport Beach lifestyle. Three units were fully remodeled in 2021, while the lower unit underwent a complete renovation in 2025 with the level of quality and finish found in a newly built luxury Newport Beach home. Designed with the owner in mind, Unit D features high-end finishes throughout, a split-system AC, and a floor plan that can easily be converted to a two-bedroom configuration—an especially appealing option for an owner-user seeking a refined coastal residence. The building is exceptionally turnkey and thoughtfully maintained, with substantial upgrades throughout. Two sets of stackable washers and dryers serve the property, and upgraded tankless water heaters were installed in 2022. Each unit has separate electricity and gas, while the owner pays for water and trash, as well as common
| Field | Value |
|---|---|
| MLS # | CROC26207974 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Kitchen | Other, Pantry |
| Appliances | Built-in BBQ Grill, Dishwasher, Freezer, Garbage Disposal, Microwave, Other, Oven Range - Gas, Refrigerator |
| Fireplace | Family Room, Living Room |
| Laundry | Community Facility, In Laundry Room, Laundry Area, Other |
| Cooling | Ceiling Fan, Central Forced Air - Electric, Other, Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Pool | None |
| Style | Cape Cod, Craftsman |
| Feature | Details |
|---|---|
| Garage/Parking | Garage, Other, Private / Exclusive, Garage: 3 Car(s) |
| Elementary District | Newport-Mesa Unified |
| High School District | Newport-Mesa Unified |
| HOA Fee | $0 |
| Listing Agent | Co-Listing Agent |
|---|---|
| Giovanne Helou | Lisa Helou |
| The Oppenheim Group | The Oppenheim Group |
| License #: 02068352 | License #: 00624164 |
| Phone: – | Phone: – |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2202 W Oceanfront | $5,990,000 | 5 | 5 | 3,400 | Active |
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This listing information is up-to-date as of September 24, 2026. For the most current information, please contact Giovanne Helou.