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 one block from the beach and two blocks from the bay. Perfect for 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 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 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.