UPDATED:
10/16/2024 10:51 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP24198991
Bedrooms 7
Full Baths 5
Construction Status Turnkey
HOA Y/N No
Year Built 1955
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Introducing a fully remodeled, income-producing duplex in the heart of Newport Beach’s prestigious Balboa Peninsula. This turnkey property offers a rare investment opportunity with a proven history of strong short-term rental income. Each of the two units features three bedrooms, two bathrooms, upgraded kitchens, recessed lighting, and individual HVAC systems—ideal for maximizing guest comfort and rental appeal.
The property includes a versatile one-bedroom, one-bath bonus suite in the rear unit, as well as dedicated laundry facilities for each unit, adding flexibility and convenience for long- or short-term stays. Outdoor spaces are abundant, with three open patios and a rooftop deck perfect for entertaining and capturing California’s coastal lifestyle.
Operating with two highly sought-after short-term lodging permits, this duplex has consistently generated impressive rental income. The prime location offers immediate access to both the bay and the beach, ensuring strong demand from vacationers. With ample parking and proximity to world-class beaches, shopping, and dining, this property is an investor’s dream.
Seize the chance to own a premium, high-performing rental property in Newport Beach. Contact us today to schedule a showing!
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Main Level Bedrooms 4
Ensuite Laundry Gas Dryer Hookup, Laundry Closet, In Garage, Stacked
Interior
Interior Features Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
Laundry Location Gas Dryer Hookup,Laundry Closet,In Garage,Stacked
Heating Ductless
Cooling Ductless, Wall/Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan, Water Heater
Laundry Gas Dryer Hookup, Laundry Closet, In Garage, Stacked
Exterior
Exterior Feature Awning(s)
Garage Attached Carport, Carport, Garage, Garage Faces Rear
Garage Spaces 2.0
Carport Spaces 2
Garage Description 2.0
Fence Wood
Pool None
Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Across the Road from Lake/Ocean
View Y/N Yes
View Coastline, Ocean, Peek-A-Boo
Roof Type Composition
Accessibility None
Porch Deck, Front Porch, Patio, Rooftop
Parking Type Attached Carport, Carport, Garage, Garage Faces Rear
Attached Garage Yes
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Dwelling Type Duplex
Story 2
Entry Level Multi/Split
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories Multi/Split
New Construction No
Construction Status Turnkey
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 04723328
Acceptable Financing 1031 Exchange, Subject To Other
Listing Terms 1031 Exchange, Subject To Other
Special Listing Condition Standard
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