UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP26193591
Construction Status Fixer
HOA Y/N No
Year Built 1941
Lot Size 2,178 Sqft
Property Sub-Type Triplex
Property Description
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.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Interior Features Ceiling Fan(s), All Bedrooms Down
Heating Wall Furnace
Cooling None
Flooring Carpet, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Refrigerator
Laundry Inside
Exterior
Parking Features None
Fence Wood
Pool None
Community Features Biking, Curbs, Fishing, Storm Drain(s), Street Lights, Sidewalks, Urban
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description Across the Road from Lake/Ocean,Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View Neighborhood
Roof Type Flat
Private Pool No
Building
Lot Description Value In Land
Faces Southeast
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 04802214
Acceptable Financing Cash, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Submit
Special Listing Condition Standard
Lease Land No
NEARBY SCHOOL & BUSINESS
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