Newport Beach CA Multi-Family Real Estate, Homes for Sale

NP26196683 MLS ⋅ Active Status

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.

1733 W Balboa Boulevard, Newport Beach

$2,400,000

NP26193591 MLS ⋅ Active Status

RARE BALBOA PENINSULA REDEVELOPMENT OPPORTUNITY. Located in the heart of Newport Beach’s iconic Balboa Peninsula, 203 6th Street presents a unique opportunity for investors, developers, and those seeking to create a new coastal residence in one of Southern California’s most coveted beach communities. The property is currently configured as a triplex consisting of three separate one-bedroom units, offering immediate income potential while providing an exceptional opportunity to reimagine the property for the future. Situated on an approximately 2,178-square-foot lot, the property’s existing configuration provides flexibility for a variety of investment strategies. An investor may choose to maintain and improve the existing three-unit income property, while a developer or owner-user may explore the potential to redevelop the site and maximize its value through a new construction project, subject to City of Newport Beach approvals and applicable zoning and development regulations. The property’s location is a major part of the opportunity. Positioned just moments from the beach, bay, restaurants, shops, and the vibrant entertainment that defines the Balboa Peninsula, this is an exceptionally walkable coastal setting. The combination of a highly desirable Peninsula location, existing multifamily use, and valuable land creates a compelling proposition for buyers looking beyond the current improvements. For developers, the real opportunity lies in the land. The existing structure can serve as a source of rental income while plans are evaluated, or the site can be considered for a future redevelopment project. Buyers should independently verify zoning, allowable density, setbacks, building requirements, parking requirements, and any other development parameters with the City of Newport Beach. Whether acquired as an income-producing triplex, repositioned through renovation, or explored as a future redevelopment site, 203 6th Street offers a rare chance to secure a piece of Balboa Peninsula real estate with significant long-term potential.

203 6th Street, Newport Beach

$4,700,000

219151871DA MLS ⋅ Active Under Contract Status

Short -Term Rental Asset in Lido Marina Village with two existing Short-Term Lodging (STR) permits Active STR permits in this neighborhood are exceptionally scarce . Transferability and continued eligibility are subject to verification with the City of Newport Beach and applicable City requirements This fully permitted turn-key setup offers immediate , high -yield revenue potential through Airbnb, VRBO or luxury vacation leasing , making it a premier asset for buyers seeking strong cash flow or a personal coastal retreat with built in income There are independent entries for each living space and high-end upgrades throughout upper Residence :3 bedrooms /2 Baths with vaulted ceilings and private balcony Main Level Residence : 2 bedrooms / 2 Baths with a cozy fireplace Penthouse Studio : private entry and full bath -ideal for extended stays or maximizing overall rental yield Key Highlights and Amenities : Chef's Kitchen :Designed with custom cabinets , quartz counters and stainless steel appliances and wide -plank hardwood floors 3 separate utility meters to maximize rental efficiency and minimize landlord overhead Parking & Views : Includes 4 total parking spaces (2 -car garage +2-car carport) along with peek-a -boo-ocean views Prime Location: Situated steps from Lido Marina Village , nearby beaches , and exclusive hotspots like Nobu, mayor's Table , and Lido House

410 Clubhouse Avenue, Newport Beach

$3,995,000

LG26166425 MLS ⋅ Active Status

Listen to the waves crash from your bedroom in this rare to the market beach-close duplex located just one home from the sand, offering an exceptional opportunity for owner occupants, investors, those looking for a vacation house, or those seeking a coastal retreat with income potential. This fully upgraded property features two separate well maintained residences. First a charming front cottage with 2 bedrooms and 1 bathroom. The second unit is an fully upgraded owners home containing 3 bedrooms and 2 bathrooms, complete with New LVP luxury flooring downstairs, new white oak flooring upstairs, the upstairs bathroom is brand new, and the entire property is newly painted. A one-car garage provides convenient parking and storage and a second uncovered parking spot is available in the rear of the property. Both units will rent for top dollar, or keep one for your own use and rent the other for some extra income. These features make 1527 W. Balboa truly one to see! The home is in one of the most desirable locations on the Peninsula, walk west and you are on the beach, walk east and you will find Newport Bay. Also directly across the street you’ll find the marina and Marina Park (perfect for young families), complete with the lighthouse restaurant and its iconic lighthouse, creating picturesque bay views from the property. Enjoy an unbeatable location where both the beach and bay are just steps away, with endless opportunities for boating, paddle boarding, dining, and the quintessential Newport Beach lifestyle.

1527 W Balboa, Newport Beach

$2,365,000

NP26160585 MLS ⋅ Pending Status

Original duplex on R-2 lot 25 X 90. Each unit 1 bed 1 bath with detached garage. Property sold "as is" seller will do no repairs. Trust sale and agent is related to Trustee. Priced to sell. Please have all buyers confirm with the City of Newport Beach Building to determine what can be done prior to writing an offer. Prime Peninsula location with strong future potential for building or redevelopment. Small 6 gallon view of ocean from the back.

3709 W Balboa, Newport Beach

$3,195,000

NP26144548 MLS ⋅ Active Status

Outstanding Balboa Island Commercial and Residential Mixed-Use building, centrally located near the Ferry, Balboa Pavilion, shopping, and restaurants. At 3,026 square feet, this is one of the largest buildings on the Island on a standard 30 x 85-foot lot. The lower-level commercial space has previously been leased as a dentist's office but would be ideal for a wide variety of retail or professional uses, and may also be leased as two separate commercial spaces. Behind this space are two large office/workshop areas, a half bathroom, and laundry facilities. The upstairs unit is bright and spacious, with three bedrooms, two baths, and an abundance of built-in storage. Completing the upper level is a huge, inviting, partially covered deck, perfect for daily living, dining, and entertaining. This unit is currently leased as a residence with long-term tenants. In the rear of the property is a two-car garage, plus open spaces for one or two additional vehicles. 122 Agate is a rare and exciting offering, perfect for a homeowner, entrepreneur, or investor!

122 Agate, Newport Beach

$16,995,000

OC26155362 MLS ⋅ Active Status

Rare waterfront investment opportunity in Newport Beach’s highly desirable Lido Peninsula. The property consists of four buildings totaling 10 units across three APNs: APN 423-083-12 (4 units), APN 423-083-11 (4 units), and APN 423-083-10 (2 units). Ideally positioned along the water with abundant natural light and premier bayfront views, this unique offering presents an exceptional opportunity for investors and developers to acquire a well-located multifamily asset with significant upside potential through strategic repositioning and enhancement of the existing units, while capitalizing on the strong demand for waterfront living in one of Southern California’s most sought-after coastal communities. The property also features a 50-foot dock, adding to the unique waterfront appeal of this rare Newport Beach offering. Do Not Visit Property Without Appointment - Contact Listing Office. Property is Tenant Occupied; Do Not Disturb Occupants

626 Clubhouse, Newport Beach

$3,200,000

CV26146965 MLS ⋅ Active Status

Property is located in Newport Beach Peninsula, highly desirable area, few minutes walking distance to the beach. Main house is 2 large bedrooms, 2 full bathrooms and a den that is currently being used as a 3rd bedroom, welcoming living room/dining area and open kitchen with laundry unit inside and large balcony upstairs. Upper unit has its own private stair entrance, 1 large bedroom, full bathroom, living room/dining area, kitchen with laundry area and private balcony. Additional features is main home has 2 car attached garage, upper unit has 2 car parking area. Perfect property for investment and/or personal use home. Walking distance to Pavilions shopping center and minutes from Lido Marina Village, shops and restaurants . Definitely a must see and great opportunity, first time on market. Home was rebuilt in 1988 as a duplex and has been used as a family home.

3510 Lake, Newport Beach

$8,395,000

7 Beds ⋅ 5 Baths ⋅ NP26144262 MLS ⋅ Active Status

Rare opportunity to own one of Lido Isle's few multifamily zoned bayfront properties. Ideally situated on the coveted bayfront with panoramic harbor views, a sandy beach at your doorstep, and a three-car garage, this triplex offers an exceptional combination of lifestyle, income potential, and long-term value. The property features two waterfront 3-bedroom, 2-bath residences, and a 1-bed, 1-bath apartment above the rear garage. The lower unit includes private laundry and a waterfront patio, while the upper unit enjoys sweeping bay views, a private patio, newly remodeled kitchen and appliances and private laundry. The 1- bedroom apartment has a recently remodeled kitchen with new cabinets and appliances along with a remodeled bath. Further property enhancements still offer the opportunity for further renovation to maximize value. All three units are currently occupied on month-to-month tenancies, providing immediate rental income. Adding to its investment appeal, the owner obtained Short-Term Lodging Permits for both waterfront units, a highly valuable entitlement with limited availability and a lengthy waiting list. While all 3 units are currently on month-month leases, the short permits offer significant future flexibility and potential income opportunities along with opportunities for owner use. Residents enjoy Lido Isle's premier amenities including private beaches, tennis courts, a clubhouse, a yacht club, parks, and playground all just moments from Lido Marina Village, world-class dining, shopping, and Newport Harbor activities. A truly unique opportunity to acquire a rare bayfront income property in one of Newport Beach's most desirable waterfront communities.

439 Via Lido Soud, Newport Beach

$5,900,000

OC26131277 MLS ⋅ Active Status

This exceptional 4-unit income property represents a rare offering on the coveted Newport Beach Peninsula. The property consists of four distinct residences that all feel like true single family living spanning 10 bedrooms and 10 total bathrooms. With a combined 4,800 sf living space, the property is configured as two 3BR/3BA and two 2BR/2BA units with covered parking. Raised ceilings in the upstairs units provide a massive sense of depth giving the larger units a uniqueness that is hardly found in the traditional multifamily setting. Featuring luxury vinyl plank flooring, quartz countertops, Andersen windows and doors, and an all-stucco exterior designed for low-maintenance beach living and built with the highest of quality and care. Stroll to the beach, boardwalk, bay, surf spots, local cafés, restaurants, boutique shops, and everything the Newport Peninsula has to offer. Quick access to PCH keeps all of coastal Orange County within easy reach. A property of this size and of this quality is something that needs to be experienced in person to be appreciated! Please note:Property operates as four residences but is not legally permitted as a 4-unit building, originally permitted as two units in 2021.

4703 River, Newport Beach

$8,395,000

NP26124983 MLS ⋅ Active Status

Rare opportunity to own one of Lido Isle's few multifamily zoned bayfront properties. Ideally situated on the coveted bayfront with panoramic harbor views, a sandy beach at your doorstep, and a three-car garage, this triplex offers an exceptional combination of lifestyle, income potential, and long-term value. The property features two waterfront 3-bedroom, 2-bath residences, and a 1-bed, 1-bath apartment above the rear garage. The lower unit includes private laundry and a waterfront patio, while the upper unit enjoys sweeping bay views, a private patio, newly remodeled kitchen and appliances and private laundry. The 1- bedroom apartment has a recently remodeled kitchen with new cabinets and appliances along with a remodeled bath. Further property enhancements still offer the opportunity for further renovation to maximize value. All three units are currently occupied on month-to-month tenancies, providing immediate rental income. Adding to its investment appeal, the owner obtained Short-Term Lodging Permits for both waterfront units, a highly valuable entitlement with limited availability and a lengthy waiting list. While all 3 units are currently on month-month leases, the short permits offer significant future flexibility and potential income opportunities along with opportunities for owner use. Residents enjoy Lido Isle's premier amenities including private beaches, tennis courts, a clubhouse, a yacht club, parks, and playground all just moments from Lido Marina Village, world-class dining, shopping, and Newport Harbor activities. A truly unique opportunity to acquire a rare bayfront income property in one of Newport Beach's most desirable waterfront communities.

439 Via Lido Soud, Newport Beach

$5,990,000

5 Beds ⋅ 5 Baths ⋅ PW26102268 MLS ⋅ Active Status

Experience coastal living at its finest, this rare Oceanfront Four-Plex is in the Heart of Newport Beach. This exceptional multi-family property offers four distinct units with strong income potential, including approved short-term rental permits—perfect for investors, vacation rental operators, or those seeking flexible beachside living. Built in 1961 and situated on a prime lot, the property features approximately 3,400 square feet of living space across its units, with 4 car garages for convenient parking and storage. Unit Breakdown: • Unit A: Spacious 2-bed / 2-bath — ideal for longer-term tenants or families. • Units B & C: Cozy 1 bed / 1 bath each — perfect for singles, couples, or short-term guests. • Unit D: Unique 1-bed; *PLUS Loft / 1-bath — offering extra character and appeal. The property’s standout location places residents just a short walk from the sand, surf, and the iconic Newport Pier. Wake up to ocean breezes, panoramic views toward Catalina Island, and endless coastal charm right outside your door. Prime Location & Lifestyle Amenities: Newport Beach delivers world-class coastal living with more than eight miles of beaches, from soft sands perfect for sunbathing and swimming to legendary surf spots. Stroll to the Newport Pier for fishing, people-watching, the Dory Fleet Fish Market, or casual seaside dining. Nearby highlights include: • Balboa Peninsula & Balboa Pier — with the Fun Zone amusement park, Ferris wheel, arcade, and ferry rides to Balboa Island. • Balboa Island — charming shops, waterfront eateries, and iconic frozen bananas. • Fashion Island — upscale shopping, dining, and entertainment just minutes away. • Crystal Cove State Park and Corona del Mar State Beach — for scenic hikes, tide pools, and more pristine coastline. • Upper Newport Bay Nature Preserve — offering kayaking, birdwatching, and trails. • Abundant water activities: sailing, paddleboarding, whale watching, surfing lessons, and yacht charters in the harbor. This oceanfront four-plex combines timeless beach appeal with modern investment versatility. Whether generating income through short-term rentals or enjoying the units personally, it’s a gateway to the relaxed yet vibrant Newport Beach lifestyle. Don’t miss this opportunity to own a piece of Southern California paradise!

2202 W Oceanfront, Newport Beach

$5,795,000

OC26101760 MLS ⋅ Active Status

Experience oceanfront living on the Balboa Peninsula with this duplex ideally positioned just steps from the sand in Newport Beach. Offering stunning Catalina Island, ocean, and pier views, along with coastal breezes and a highly walkable location, this property presents a rare opportunity in one of the Peninsula’s most desirable oceanfront settings. Conveniently located near Lido Village, Newport Pier, Balboa Pier, Balboa Fun Zone, Balboa Island Ferry, waterfront dining, shopping, and local coastal attractions, this location is among the Peninsula’s closest residential neighborhoods to the ocean. The property also offers future upside with zoning that may allow for a third level and/or mixed-use configuration, subject to city approval and buyer verification. It may also appeal to investors seeking short-term lodging opportunities, subject to required permits. Remodeled with a new roof and updated interiors featuring modern finishes, the residence offers a flexible layout suited for personal use, rental income, or a combination of both. Large windows and sliding glass doors bring in abundant natural light while capturing water and pier views from multiple living areas. Outdoor spaces include a balcony on each level and a private rear patio designed for indoor-outdoor entertaining. First Floor Unit: Open-concept living area with kitchen and balcony, featuring 3 bedrooms and 2 bathrooms. Second Floor Unit: Open-concept living area with kitchen, balcony, and private rear patio, featuring 2 bedrooms and 3 bathrooms. Each unit includes an attached garage, additional parking, indoor laundry, and storage. Nearby amenities include surfing, paddleboarding, boating, yacht charters, biking paths, Fashion Island, Crystal Cove State Park, and the vibrant Newport Harbor lifestyle. Whether used as a second home, income property, or long-term investment, this duplex presents a rare opportunity in one of the Peninsula’s most desirable oceanfront locations. Rear patio furniture and third-level addition shown are renderings for illustration purposes only.

2212 W Oceanfront, Newport Beach

$5,990,000

PW26096193 MLS ⋅ Active Status

Experience coastal living at its finest. This rare Oceanfront Four-Plex is in the Heart of Newport Beach. This exceptional multi-family property offers four distinct units with strong income potential, including approved short-term rental permits—perfect for investors, vacation rental operators, or those seeking flexible beachside living. Built in 1961 and situated on a prime lot, the property features approximately 3,400 square feet of living space across its units, with 4-car garages for convenient parking and storage. Unit Breakdown: • Unit A: Spacious 2-bed / 2-bath — ideal for longer-term tenants or families. • Units B & C: Cozy 1 bed / 1 bath each — perfect for singles, couples, or short-term guests. • Unit D: Unique 1-bed / 1-bath loft — offering extra character and appeal. The property’s standout location places residents just a short walk from the sand, surf, and the iconic Newport Pier. Wake up to ocean breezes, panoramic views toward Catalina Island, and endless coastal charm right outside your door. Prime Location & Lifestyle Amenities: Newport Beach delivers world-class coastal living with more than eight miles of beaches, from soft sands perfect for sunbathing and swimming to legendary surf spots. Stroll to the Newport Pier for fishing, people-watching, the Dory Fleet Fish Market, or casual seaside dining. Nearby highlights include: • Balboa Peninsula & Balboa Pier — with the Fun Zone amusement park, Ferris wheel, arcade, and ferry rides to Balboa Island. • Balboa Island — charming shops, waterfront eateries, and iconic frozen bananas. • Fashion Island — upscale shopping, dining, and entertainment just minutes away. • Crystal Cove State Park and Corona del Mar State Beach — for scenic hikes, tide pools, and more pristine coastline. • Upper Newport Bay Nature Preserve — offering kayaking, birdwatching, and trails. • Abundant water activities: sailing, paddleboarding, whale watching, surfing lessons, and yacht charters in the harbor. This oceanfront four-plex combines timeless beach appeal with modern investment versatility. Whether generating income through short-term rentals or enjoying the units personally, it’s a gateway to the relaxed yet vibrant Newport Beach lifestyle. Don’t miss this opportunity to own a piece of Southern California paradise!

2202 W Oceanfront, Newport Beach

$3,150,000

NP26098507 MLS ⋅ Active Status

Located on the highly desirable Newport Beach Peninsula, this gorgeous duplex offers the perfect blend of coastal lifestyle and investment opportunity, complete with tranquil canal water views. The upper unit has been fully remodeled and features 3 bedrooms and 2 bathrooms, highlighted by vaulted ceilings and an abundance of natural light. Enjoy scenic canal views from the main living areas, complemented by new laminate wood flooring throughout and a stunning open-concept kitchen with white quartz countertops, stainless steel appliances, and recessed lighting. The unit also includes its own private laundry room. The lower unit offers 2 bedrooms and 2 bathrooms, an updated kitchen, and laminate flooring throughout. A spacious private patio provides ideal indoor-outdoor living. Additional features include a generous 2-car garage plus parking for two additional vehicles—an exceptional amenity on the Peninsula. Situated in the sought-after Finley community, the property is just moments from the shops and restaurants of Lido Marina Village and a less than 5 minute walk from the beach. With easy access on and off the Peninsula, this is a rare opportunity to own a turnkey coastal duplex in one of Newport Beach’s most coveted locations.

406 Clubhouse, Newport Beach

$4,395,000

NP26087915 MLS ⋅ Active Status

517 30th Street offers a unique opportunity to own a modern live/work loft in the highly desirable Cannery Village on the Balboa Peninsula. Blending award-winning design with exceptional functionality, this property is ideal for both residential living and professional use. The ground level features approximately 800 square feet of commercial space with a private entrance, perfect for an office, studio, or potential income-producing use. Upstairs, the bright and contemporary living space spans approximately 1,700 square feet and includes 2 bedrooms plus a loft and 2.5 bathrooms. The open-concept kitchen is thoughtfully designed with concrete floors, a large entertaining island, and stainless steel appliances. Floor-to-ceiling windows and bi-fold doors create seamless indoor-outdoor flow, opening to four private decks that capture partial bay views, abundant natural light, and refreshing coastal breezes. Additional features include central air conditioning, separate electric meters, recessed lighting, a two-car tandem garage, and rare parking for up to seven vehicles. Offered fee simple with no HOA, this property provides maximum flexibility and ownership freedom. Steps from the sand and moments to the boutiques, restaurants, and waterfront charm of Lido Village, this property delivers an exceptional coastal lifestyle with flexible use potential. A rare offering that combines style, versatility, and location—this is one you won’t want to miss.

517 30th Street, Newport Beach

$3,500,000

PW26074221 MLS ⋅ Active Status

Situated in one of the best locations in the exclusive Newport Beach Balboa peninsula. Both units have been remodeled. The lower unit features 2 bedrooms on the first floor and the master bedroom on the second floor, 2 bathrooms and a front Patio, in-unit washer dryer and 2 car garage parking space. Upper unit Features 3 bedrooms, 2 bathrooms and a balcony and 2 car garage parking space. Both units have their own fireplaces in the living room, Located near the beach, shops, restaurants, bike paths, and all that beach city living has to offer

219 32nd Street, Newport Beach

$6,600,000

8 Beds ⋅ 4 Baths ⋅ IV26069356 MLS ⋅ Pending Status

Oceanfront living is a dream that only a fortunate few ever get to call everyday life—now is your chance to make it your reality. This rare Newport Beach Boardwalk tri-plex sits on an oversized oceanfront lot and offers exceptional flexibility and future potential. Three units are move-in ready if you are going to rent out, with eight bedrooms and four bathrooms, giving you options: live in the front home and enjoy panoramic ocean views while collecting income from the rear units, explore short-term rental possibilities, or create the ultimate beach compound for your extended group. Use it as-is today and plan your future custom-built home; this property is an Incredible canvas for a dream home or legacy estate. Oceanfront lots of this size in this location are a limited commodity, with constant demand and endless opportunity for those ready to live their dream with an Oceanfront view.

1408 W Oceanfront, Newport Beach

$6,600,000

IV26060269 MLS ⋅ Pending Status

Oceanfront living is a dream that only a fortunate few ever get to call everyday life—now is your chance to make it your reality. This rare Newport Beach Boardwalk tri-plex sits on an oversized oceanfront lot and offers exceptional flexibility and future potential. Three units are move-in ready if you are going to rent out, with eight bedrooms and four bathrooms, giving you options: live in the front home and enjoy panoramic ocean views while collecting income from the rear units, explore short-term rental possibilities, or create the ultimate beach compound for your extended group. Use it as-is today and plan your future custom-built home; this property is an Incredible canvas for a dream home or legacy estate. Oceanfront lots of this size in this location are a limited commodity, with constant demand and endless opportunity for those ready to live their dream with an Oceanfront view.

1408 W Oceanfront, Newport Beach

$2,800,000

219144943DA MLS ⋅ Active Status

Welcome to your Dream Coastal Investment! This beautifully Maintained and Updated Duplex is one Block from the Beach! The Upper Unit is Completely Remodeled with Open Floor Plan, Vaulted Ceilings, Living/Dining Space with Fireplace, 3 Bedrooms, 2 Full Baths with Jacuzzi Tub in each, Stack LAUNDRY, A/C and TWO LARGE BALCONIES featuring Wetland, Mountain and Ocean Views!!! The Lower Unit has Newer Laminate Flooring and Mini-Spilt in all Living Areas and Bedrooms along with a Spacious Enclosed Patio off Great Room and Full Sized Laundry in Garage. Abundance of Parking with a 4 CAR GARAGE + 1 Space CAR PORT. Seller Replaced Siding and Stairs. Generate Income as a Highly Desirable Long Term Rental and if you are going for the big money this can be Vacation/Short Term Rental with Proper City Permit. Walking Distance to Restaurants and Quick Access to Newport and Huntington Beach.

204 David Drive, Newport Beach

$4,500,000

219144386DA MLS ⋅ Active Status

Calling all Beach Lovers, this Highly Coveted Location-- only 3 Houses from the Beach, Offers the Ultimate Coastal Lifestyle with Easy Access to the Ocean, Newport and Huntington. Experience the Perfect Blend of Comfort and Opportunity with this Versatile Duplex. Live in One Unit and Enjoy the Convenience of Home Ownership while Generating Rental Income from the Other or Rent Both for More Generous Income. The Lower Unit has 2 Bedrooms and 2 Baths, Open Kitchen to Family Room, and Slider Door to Enclosed Lower Patio and Laundry. The Upstairs Features Same FloorPlan as Lower except it has Additional 3rd Bedroom which is much Larger and has it's own Entrance and Spacious Balcony. With Proper City Permitting this could be a Separate Studio Apartment. Ample Parking with 2 Car Garage and 2 Car Driveway. Lower and Upper Units both Completely Remodeled and can be Rented Month to Month or with City Permit Short Term/Vacation Stay! Seize the Chance to Make this Stunning Beach Property your Own--Paradise Awaits.

5119 River Avenue, Newport Beach

$6,199,000

OC26025417 MLS ⋅ Active Status

RARE - TWO Short Term Lodging Permits ON THE BOARDWALK! Fabulous remodeled oceanfront getaway, turnkey vacation rental business or BOTH? The choice is yours at 700 E Oceanfront The property presents a fantastic opportunity to own an updated duplex in the heart of the Balboa Peninsula. LOCATION LOCATION LOCATION, this property is near all of the attractions that you and/or your vacation rental guests desire. Steps away from the sand and ocean, the property is located on the boardwalk and walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. The corner location affords unparalleled sunlight and those cooling ocean breezes. The lower 1 bed/1 bath unit is newly remodeled and has its own indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with quartz composite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is well-designed and newly remodeled throughout, including kitchen (w/ island and wine fridge) and entertaining space, as well as 3 generous bedrooms (the Primary has its own kitchenette) and 2 bathrooms. The living/great room features breathtaking views of the ocean and Balboa Pier. The duplex has been professionally managed and meticulously maintained. Notable features include: Air conditioning (new in 2023), new roof, double-paned windows and functional and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. This oceanfront duplex offers a proven track record and excellent reviews from former guests. Incredible income potential with 2 Short Term Lodging permits in place. Act quickly! With only 1550 Short Term Lodging Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.

700 E Oceanfront, Newport Beach

$27,950,000

6 Beds ⋅ 6 Baths ⋅ NP26015959 MLS ⋅ Active Status

Experience luxury beach front living and investment potential with 1504 W Oceanfront, a one-of-a-kind mixed-use property in Newport Beach on the Balboa Peninsula. This premier property spans approximately 7,609 square feet on a 5,000-square-foot corner lot with 100 feet of ocean frontage and breathtaking panoramic views from Newport Pier to Balboa Pier and beyond. Three residential units with three short-term lodging permits and two commercial spaces, this exceptional five-unit offering blends coastal charm with modern luxury. The commercial spaces include the iconic “15th Street Surf Shop” retail store and an oceanfront restaurant currently under renovation, formerly known as “The Stuft Surfer”. The three separate residential units consist of a three bedroom residence, a newly built two bedroom residence with an office/bonus room, in addition to a newly constructed one bedroom unit. All three units hold short-term rental permits (SLPs), a rare and valuable asset in Newport Beach. This property is primed for exceptional income generation, with pro forma projections estimating $920,608 in annual gross revenue combined from short-term rentals and commercial leasing. A standout feature of this estate is its expansive 50x50-foot rooftop deck, one of the largest oceanfront decks on the Balboa Peninsula, offering unparalleled ocean and bay views with endless opportunities for entertainment and relaxation. 1504 W Oceanfront is not just a five-in-one compound; it’s a legacy property that delivers both immediate value and long-term returns in the highly coveted Newport Beach market.

1504 W Oceanfront Unit 5, Newport Beach

$2,995,000

SR25278723 MLS ⋅ Active Status

Rare coastal investment property located on West Balboa Boulevard, directly across from the beach and boardwalk in the highly desirable Balboa Peninsula. This classic two-story mixed-use building offers diversified income in one of Southern California’s most sought-after beachfront markets. The upper level features two residential units currently tenant-occupied, providing steady residential income and the flexibility for future owner occupancy or continued rental operations. The ground floor is leased to an established restaurant tenant, delivering consistent commercial cash flow and benefiting from strong foot traffic in this prime coastal corridor. • Prime beachfront location near the Balboa Pier, Fun Zone, shops, and dining • Mixed-use zoning supporting both residential and commercial use • Two income-producing residential units upstairs • Tenant-occupied restaurant space on the ground floor • Potential roof terrace and outdoor space adding lifestyle and value appeal This property presents an exceptional opportunity for investors seeking immediate income from both residential and commercial tenants, while also offering the option for an owner to occupy a residential unit in the future. Positioned in a high-visibility, high-demand coastal market, this asset combines long-term stability with upside potential in a truly premier Newport Beach location.

514 W Balboa, Newport Beach

$3,448,000

IV25238475 MLS ⋅ Active Status

Exceptional Balboa Peninsula Triplex – Steps from the Ocean and Bay! A rare opportunity to own an income-producing triplex on one of Newport Beach’s most desirable streets, just 250 feet from the sandy beach and 500 feet from the Newport pier and 700 feet from the Newport Pavilion. Perfect for owner users / investors seeking strong returns, flexible rental options, and long-term appreciation. This fully upgraded property includes three beautifully maintained units, each with its own mini-split A/C system, modern finishes, and private laundry. All three units are currently occupied on month-to-month leases, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired. Front House (126 E Balboa Blvd) – 2 Bedrooms | 1 Bathroom | Fireplace. A bright and inviting front home featuring an open living area with fireplace, upgraded kitchen, detached indoor laundry room, and storage area. The property also boasts an **expansive raised front patio—the largest on the block—**perfect for entertaining or maximizing tenant appeal. Upper Unit (126 ½ E Balboa Blvd) – 1 Bedroom + Loft/Office | 1 Bathroom. This upper-level unit features a light-filled living area, modern kitchen, in-unit laundry, and a private balcony with peek-a-boo ocean view—ideal for professionals, couples, or as a premium vacation rental. Lower Unit (126 ¼ E Balboa Blvd) – 1 Bedroom | 1 Bathroom. Compact, efficient, and beautifully updated, the lower unit offers a cozy living space and kitchen, with laundry conveniently located in the attached garage. All units have been upgraded and are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable location—close to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferry—this triplex enjoys consistent tenant demand and strong year-round occupancy. Immediate income – all units occupied on month-to-month leases. Prime location – short walk to sand, surf, and bay. High rental potential – flexible use for long-term, short-term, or owner-occupied investment. Rare Peninsula find – upgraded, air-conditioned, and well maintained Whether you’re an investor expanding your portfolio or a buyer seeking a beachside income property with exceptional upside, 126 E Balboa Blvd is the one to see. Invest where everyone wants to stay—and earn while you plan your next move.

126 E Balboa, Newport Beach

$4,099,999

OC25162276 MLS ⋅ Active Status

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.

1324 W Balboa Boulevard, Newport Beach

$3,595,000

NP25088084 MLS ⋅ Active Under Contract Status

PRICE REDUCED!! We are pleased to present the sale of 1805 Clay Street, a turnkey 3-unit multifamily property situated in the prestigious Newport Heights neighborhood, located in Newport Beach. The property consists of (3) recently renovated 2 bedroom / 1 bathroom units. Two (2) units are currently leased at market rent. Each unit has been highly remodeled boasting a bright modern living space with white shaker cabinets, quartz countertops, vinyl flooring, stainless steel appliances, spa like bathrooms, and large private patios. Each unit has central AC, in-unit laundry, dual pane windows, tankless water heaters, recessed lighting, Ring doorbells, private single car epoxy coated garage space and are conveniently separately metered for gas and electricity. This asset is located in one of the most desirable rental markets in Orange County and offers tenants close proximity to parks, top rated schools, beaches, and all the amenities 17th street has to offer!

1805 Clay Street, Newport Beach

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