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Listed by Brandon Hobbs • Arbor Real Estate
$4,099,999
Est. payment /mo
3,336 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,336 sqft
Price per Sqft $1,229
MLS Listing ID OC-25162276
Year Built 1936
Lot Size 3,049 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Rare investment opportunity just steps from the sand and surf in one of Newport Beach's most sought-after coastal communities. This legally recognized triplex has been previously reconfigured into six income-generating units, maximizing rental potential while preserving long-term flexibility.
The property has been recently updated, including interior unit improvements and fresh exterior paint, offering a clean and well-maintained impression throughout. On-site 3-carport parking adds convenience for tenants.
With easy potential to convert back to 3 or 4 larger units, this property offers a flexible exit strategy for future redevelopment or owner-occupant use. Situated just a short stroll to the beach, Lido Marina Village, top dining, shops, and the harbor, this is a prime opportunity for both short- and long-term income investors. Interior unit photos and unit rent breakdown available upon request.
The property has been recently updated, including interior unit improvements and fresh exterior paint, offering a clean and well-maintained impression throughout. On-site 3-carport parking adds convenience for tenants.
With easy potential to convert back to 3 or 4 larger units, this property offers a flexible exit strategy for future redevelopment or owner-occupant use. Situated just a short stroll to the beach, Lido Marina Village, top dining, shops, and the harbor, this is a prime opportunity for both short- and long-term income investors. Interior unit photos and unit rent breakdown available upon request.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Laundry Common Area
Exterior
Parking Features Carport
Pool None
Community Features Sidewalks
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Others
Virtual Tour https://player.vimeo.com/video/1102668747?badge=0&autopause=0&player_id=0&app_id=58479
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Naghmeh Keyvani
Broker Associate License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823