1532 Miramar Drive, Newport Beach, California 92661, Newport Beach, - bed, bath
ACTIVE$3,295,000
1532 Miramar Drive, Newport Beach, California 92661
0Bed
0Bath
3,250Sqft
4,065Lot
Year Built
1948
Close
-
List price
$3.29M
Original List price
$3.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25126246
Home ConditionFair
Features
Deck
View-
About this home
Steps to the beach and the bay on Balboa Peninsula Point, this triplex sits in one of the most coveted locations of Orange County. The charming, one way street is quiet and private. Walk or ride bikes to favorite Balboa shops, cafes, and restaurants. Hit the surf or hop on a boat in minutes. The residential income property features three units: Unit C offers three bedrooms and a large deck, Unit A offers two bedrooms and one bathroom, and Unit B offers two bedrooms and two bathrooms with an enclosed patio off of the living area. Laundry rooms in each unit. Two garages in the building: one car garage and a two car garage. Total of 7 bedrooms, 5 bathrooms in the building. Do not miss this opportunity to own in this prestigious community!
Nearby schools
9/10
Newport Elementary School
Public,•PK-6•1.8mi
7/10
Horace Ensign Intermediate School
Public,•7-8•2.1mi
7/10
Newport Harbor High School
Public,•9-12•2.2mi
Price History
Date
Event
Price
09/30/25
Price Change
$3,295,000
06/05/25
Listing
$3,500,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,250 | 0 | 25% |
| Lot Size | 4,065 | 3,049 | 75% |
| Price | $3.29M | $2.7M | 75% |
| Price per square foot | $1,014 | $507 | 50% |
| Built year | 1948 | 9760976 | 25% |
| HOA | |||
| Days on market | 154 | 181 | 50% |
Condition Rating
Fair
Built in 1948, this triplex shows signs of regular maintenance but features significantly outdated interiors, particularly in the kitchens and bathrooms. Kitchens display dated tile countertops, older cabinetry (some painted), and a mix of appliance ages, with some older models and fluorescent lighting. Bathrooms also present a blend of slightly newer vanities with very dated tile work and light fixtures. While functional and livable, the property requires substantial cosmetic updates to meet modern standards, aligning with a 'Fair' condition score indicating an aged but maintained home with outdated major components.
Pros & Cons
Pros
Prime Coastal Location: Unbeatable proximity to both the beach and the bay on Balboa Peninsula Point, a highly coveted Orange County location, offering immediate access to coastal activities.
Income-Generating Triplex: A residential income property featuring three distinct units, providing significant rental income potential or multi-generational living options.
Desirable Lifestyle & Accessibility: Situated on a charming, quiet one-way street with convenient walk/bike access to Balboa shops, cafes, restaurants, and water recreation.
Individual Unit Amenities: Each of the three units includes its own laundry facilities, enhancing tenant convenience and overall appeal.
Valuable Off-Street Parking: The property includes two garages (one single-car, one two-car), a significant asset in a high-density coastal area where parking is at a premium.
Cons
Property Age & Potential Updates: Built in 1948, the property is older, which may imply a need for substantial renovation or modernization to meet contemporary standards and preferences.
Absence of Scenic Views: Despite its prime coastal setting, the property description explicitly states 'view: None', which could be a drawback for buyers expecting ocean or bay views.
Recent Price Adjustment: A notable price reduction from the original listing price ($3.5M to $3.295M) suggests potential market resistance or an initial overvaluation, warranting further investigation into market comparables.