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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 2,400,000

Est. payment | -/mo

3 Beds

3 Baths

2,178 Sqft Lot

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$ 2,400,000

Est. payment | -/mo

Save

3 Beds

3 Baths

2,178 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID NP26193591

Bedrooms 3

Lot Size 2,178 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

RARE BALBOA PENINSULA REDEVELOPMENT OPPORTUNITY. Located in the heart of Newport Beachs 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 Californias 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 propertys 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 propertys 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 fut

Location

State CA

County Orange

Zoning Public Rec

Direction Balboa Blvd. to 6th St. in between the Newport and Balboa Piers

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 04802214

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Arthur Dorr, DRE#01899740 Balboa Realty

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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203 6th Street Newport Beach, CA 92661