Welcome to this Balboa Peninsula beach treasure with 3 opportunities under one roof. 419 E. Bay Avenue is located just steps to the sand at the bay AND the ocean and is a block from the quaint Balboa Village shops and dining. This incredible Newport Beach property offers an amazing place to call home, create a vacation get-away, or use for rental income. It currently boasts three separate living units with two 2-bedroom/1-bath units, and one studio unit with a loft. There are little peek-a-boo water views of the bay from the second floor living room and the front bedroom, and also from the studio loft. This property has a 2-car garage with an extra flex space to store all your beach gear, bikes, wagons, paddle boards, as well as storage cabinets galore. You'll have so much fun with all the amenities and attractions Balboa has to offer... including the Fun Zone rides and arcades, the Auto Ferry to Balboa Island, the Balboa Park and Pier, the Ocean Front Boardwalk, The Wedge, shopping, dining, boat and bike rentals, fishing, water sports, and the Catalina Flyer with daily trips to Catalina Island. This property is located in the highly rated Newport-Mesa School District, close to nationally ranked HOAG Hospital, the world-class Fashion Island, John Wayne Airport, Pacific Coast Highway, golf courses, tennis courts, Back-Bay hiking trails, and the charming Lido Village experience.