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$ 3,995,000
Est. payment | /mo
5 Beds
3 Baths
2,561 Sqft Lot
$ 3,995,000
Est. payment | /mo
5 Beds
3 Baths
2,561 Sqft Lot
Open House
Fri Aug 14, 10:00am - 12:00pm
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID LG26166425
Bedrooms 5
Lot Size 2,561 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional Balboa Peninsula Duplex Steps from the Ocean and Bay! A rare opportunity to own an income-producing duplex on one of Newport Beachs most desirable streets, just 50 feet from the sandy beach, 100 feet from Marina park and 300 feet from the Newport pier. Perfect for owner users / investors seeking strong returns, flexible rental options, and long-term appreciation. This fully upgraded property includes two beautifully maintained units, each with its own outdoor patio, modern finishes, and private laundry. The front house (2 bedrooms | 1 bathroom) has a large elevated outdoor patio with a waist high block wall enclosing it for privacy. It is currently occupied on a month-to-month lease, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired. The Back House (owners unit) 3 Bedrooms | 2 Bathroom | Remodeled kitchen - A bright and inviting back home featuring an open living area open to the upgraded kitchen, detached indoor laundry room, and storage area/garage with an extra parking space behind. The property also boasts a large private enclosed patio perfect for entertaining or maximizing tenant appealideal for professionals, couples, or as a premium vacation rental. Both units are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable locationclose to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferrythis duplex enjoys consistent tenant demand and strong year-round occupancy. Newport Elementary is a mere 1 block away pe
Location
State CA
County Orange
Zoning Assessor
Direction 16th X Balboa
Interior
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 04721102
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://my.matterport.com/show/?m=htrNVcChZgt
Listed by Sean Jarne, DRE#01447010 First Team Real Estate
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