$5,695,000

**Maximize your portfolio with this rare turnkey four-unit offering in coveted Peninsula Point, just moments from both the beach and bay.** 1609 E Balboa Blvd presents a meticulously maintained and extensively upgraded property in one of Newport Beach’s most desirable coastal enclaves. The property features four one-bedroom, one-bathroom residences, offering an exceptional combination of investment potential, quality, and quintessential Newport Beach lifestyle. Three units were fully remodeled in 2021, while the lower unit underwent a complete renovation in 2025 with the level of quality and finish found in a newly built luxury Newport Beach home. Designed with the owner in mind, Unit D features high-end finishes throughout, a split-system AC, and a floor plan that can easily be converted to a two-bedroom configuration—an especially appealing option for an owner-user seeking a refined coastal residence. The building is exceptionally turnkey and thoughtfully maintained, with substantial upgrades throughout. Two sets of stackable washers and dryers serve the property, and upgraded tankless water heaters were installed in 2022. Each unit has separate electricity and gas, while the owner pays for water and trash, as well as common-area laundry expenses. Three units each include an at