203 6th Street, Newport Beach, CA 92661
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
203 6th Street,Newport Beach, CA 92661
$2,400,000
- - Beds
- - Baths
- 1,500 sq. ft.
- Multi-family
- Active
Listed by: arthur dorr
Office: balboa realty949-734-7419
MLS#:NP26193591
Source:CRMLS
Price summary
- Price:$2,400,000
- Price per sq. ft.:$1,600
About this home
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....
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Home facts
- Year built:1941
- Subdivision & Development:Balboa Peninsula (Residential) (BALP)
- Listing ID #:NP26193591
- Added:17 day(s) ago
- Updated:September 22, 2026 at 10:32 AM
Rooms and interior
- Flooring:Carpet, Tile, Vinyl
- Kitchen Description:Refrigerator
- Living area:1,500 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Roof:Flat
- Year built:1941
- Building area:1,500 sq. ft.
- Lot area:0.05 Acres
- Lot Features:Value In Land
- Construction Materials:Stucco
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$2,400,000
- Price per sq. ft.:$1,600
Features and amenities
- Laundry features:Inside
- Amenities:All Bedrooms Down, Ceiling Fans
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