Absolutely Perfect Opportunity here on the Balboa Peninsula. Two Newer Build & Remodeled Homes on the Lot! 417 and 419 E. Balboa Blvd. Fantastic Family Compound and/or Prime Investment for Rental Income possibilities, Steps to the Beach. First Home 417 is a Gorgeous Two Story approx 1914 living sqft with 3 bedrooms (downstairs Main) plus a 4th extra room for bedroom, den or office, 2.5 Bathrooms, large Livingroom and Kitchen. This home has 2 Kitchens and Living rooms (upstairs and downstairs) and can be perfect for multi-families as well. Newer Custom Upgrades, Remodeling and Construction include; Porcelain Tile and Cherry Walnut Wood floors, Low E Vinyl Windows, Custom Panel Doors & Front Door, Fire Sprinklers, New Electrical and Plumbing, House Water Softener System, Roof, Outside Patio Deck & Shower. Second Home 419 is Newer Construction. Just Perfect with 3 levels, approx 1400 living sqft with an elevator for easy access. 3 bedrooms, 3.5 bathrooms. Beautiful, Light & Bright! Gorgeous Open Views from the 3rd floor Kitchen, Patio and Viewing Deck looking out to the Ocean and Newport Pier. A Spacious Floorplan with Living Area with Custom Fireplace which opens to the Kitchen & Dining. Beautiful Elegant Custom work includes; Luxury Italian Porcelain Tile Flooring through the Home, New Paint (inside and outside), Low E Vinyl Windows, Baseboards, Recessed Lighting, Custom Panel Doors & Hardware, Heating and A/C systems with ductwork, Whole House Water Softener System & House Vacuum System. Extra Large Gourmet Kitchen has Granite Counters/Tile Backsplash, Blue Star Professional 8 Burner Gas Range, Plenty of Storage Cabinets and Pantry. Inviting, Elegant Master Bedroom Suite with Custom Fireplace and Relaxing Master Bath with Custom jet bubbled tub. These are truly 2 unique homes. Wonderful Beach Living with Patio Decks for you to Enjoy Star Gazing and Quiet, Peaceful Times at the Beach. This is your Own Private Oasis with a Sparkling Lighted Home Spa in your Designer Garden Yard. Additionally, there is a finished 2 Car Attached Garage with 2 sets of doors, 2 Car Carport and 2 Charging Stations (Tesla and Regular). A Rare Find here in Newport Beach. Just Steps to the Beach, Permit Parking available, close to shopping, restaurants, Beach trails, Biking and Award winning Schools. Welcome Home!!
Immerse yourself in the ultimate coastal luxury with this brand-new duplex on the iconic Balboa Peninsula—a rare opportunity combining elegance and investment potential. Spanning approximately 1,823 SF, the front unit features three bedrooms, including one that opens onto a sunny deck. French oak flooring adds warmth and elegance throughout, while rift-cut white oak cabinets provide a sleek, modern touch. For culinary enthusiasts, the kitchen is a dream come true, boasting top-of-the-line stainless steel appliances, including a Thermador cooktop, custom cabinetry, and stylish Silestone countertops that perfectly combine elegance and durability. The secondary unit, with approximately 1,062 SF of open-concept living space, includes three bedrooms and a spacious rooftop terrace. This inviting guest suite or income opportunity mirrors the high-end finishes of the front unit, including stainless steel appliances and a Thermador cooktop in the kitchen. Outside, the stylish facade features a standing seam metal roof system. Glass sliding doors lead to the front patio and balcony, filling the interior with natural light. Combining contemporary design, top-tier finishes, and an ideal location, this property is perfect for homeowners and investors alike. Additional highlights include a 2-car garage, a spot below 100 on the short-term permit waiting list, and a premier location in the heart of Newport's vibrant beach, dining, and entertainment scene, making this a compelling investment opportunity.
Discover unparalleled Beachside Living in this Expansive Duplex. Ideal for luxurious coastal living, or an amazing investment opportunity. Builders, Investors, and Developers Must See! The downstairs unit has a total of 4 bedrooms, 3 baths, and direct garage access. The upper unit has 6 bedrooms, 4 bathrooms, and 3 fireplaces. Complete with a FOUR car garage. This property has endless possibilities. Enjoy the world-famous Newport Beach Ocean views, and stunning sunsets from the 3rd level rooftop deck. Embrace the coastal lifestyle situated only 3 houses from the sand.
Bayfront Location! 1811 W. Bay is a BAYFRONT 6-BD DUPLEX with 4-car garage located directly in front of the serene, sandy bay beach of picturesque Marina Park! Owned by the same family for over 60 years, this is a fixer opportunity to make an original bayfront property your own; choose to rent out the existing 3-BD/2-BA units to maximize investment income, OR live in one unit and rent out the other, OR possibly even transform the entire 3,000sf property into your very own single-family bayfront home/two separate condos. The possibilities are endless and the property is an ideal candidate for a 1031 exchange. Combined income is approximated at $13,500/month. Short-term lodging is permissible, however, there is currently no active permit. In addition, another duplex located directly next door (1809 W Bay, MLS ID#NP24060094) is also currently for sale. If both are purchased together (not required) it makes an exceptionally rare opportunity to own TWO side-by-side bayfront properties. Very easy to show, call today for a private tour.
Own Your Slice of California Paradise: Exquisite Oceanfront Duplex with Established Rental Income For the discerning investor and coastal enthusiast, presenting 200 E Oceanfront, Newport Beach—a rare opportunity to secure a piece of the California coastline with built-in revenue. This premier corner lot duplex offers unparalleled versatility. Spanning 2,428 square feet on a 30 ft wide corner lot, this meticulously designed property features two distinct, beautifully appointed units. The expansive 4-bedroom, 3-bathroom front home boasts breathtaking, unobstructed ocean views, perfect for entertaining and serene relaxation. The charming 1-bedroom, 1-bathroom rear unit offers delightful Pacific Ocean vistas from its living and dining areas, ideal for short-term rentals or as a cozy retreat for guests. This property seamlessly merges investment with lifestyle, boasting two highly coveted short-term lodging permits and a proven rental history. With future bookings already secured, you can enjoy a steady revenue stream from the moment you acquire. Additionally, the property provides the unique advantage of generating income while you develop and approve new building plans for the site should you decide to pursue future expansion. Situated in the vibrant heart of the Balboa Peninsula, this location offers unrivaled access to world-class dining, upscale shopping, exciting entertainment, recreational activities, and, of course, the pristine California coastline—all just steps away. 200 E Oceanfront is more than a residence; it allows access to an exquisite lifestyle and a savvy investment opportunity. Wake up to the soothing sounds of the ocean, with the confidence that your investment is generating solid returns.
Situated in one of the best locations in the exclusive Newport Beach Balboa peninsula. Both units have been remodeled. The lower unit features 2 bedrooms on the first floor and the master bedroom on the second floor, 2 bathrooms and a front Patio, in-unit washer dryer and 2 car garage parking space. Upper unit Features 3 bedrooms, 2 bathrooms and a balcony and 2 car garage parking space. Both units have their own fireplaces in the living room, Located near the beach, shops, restaurants, bike paths, and all that beach city living has to offer.
Welcome to 4015 Marcus Drive, a captivating property nestled in the heart of Newport Island in Newport Beach. This extraordinary residence boasts a private dock, granting you the privilege of harboring your very own Duffy or larger boat at your waterfront home. Picture the sheer joy of gliding along the pristine waters, watching sunsets, or immersing yourself in the picturesque allure of Newport Harbor at your leisure. More than a haven for a fantastic waterfront lifestyle, this property presents a lucrative investment opportunity. Comprising two separate remodeled and upgraded units totaling 5 bedrooms, it offers flexible options to generate income. Rent out one or both units monthly, establishing a steady stream of revenue. Alternatively, reside in one unit while leasing the other, relishing the comfort of home alongside an additional income source. For paddle boarding enthusiasts, the tranquil harbor presents an ideal canvas for indulging in this popular coastal activity, offering serene and inviting waters for your enjoyment. Newport Beach, renowned for its stunning coastline and vibrant social scene, sets the stage for a life of leisure and enjoyment. Immerse yourself in the thriving Newport Island community, where luxury yachts, waterfront residences, and a vibrant boating culture converge to create an unrivaled coastal experience. As you explore the area, discover the relaxed yet glamorous atmosphere prevalent in Newport Island, nearby Peninsula beaches, Lido Marina Village's upscale shopping, delectable dining options at Fashion Island, and many more along the coast.
A remarkable opportunity to own 10 Units on the Oceanfront of the Balboa Peninsula with 7 Irreplaceable STR's (SHORT TERM RENTAL PERMITS)! This is a dream deal w/ a monster cap rate and a whopping $640,000 NET income in 2023! Located almost perfectly right next to Balboa Pier, Balboa Fun Zone, Balboa Ferry, Market & Deli, Shopping, Restaurants, Arcades, and More. Each unit is remodeled and ready to be rented immediately. 4 of the Units are directly facing the oceanfront with spectacular panoramic views, including the Pier. Priced to sell and motivated deal. APN 048-146-04 (additional 1,519 sqft parcel on sand/beach) also included.
**Newport Beach Duplex Opportunity!**Located in the highly sought-after "Newport Shores" community in Southern California, this duplex has been updated in recent years and offers exceptional value. Featuring two beautifully designed units, this property is an ideal investment. The first unit is a 3-bedroom, 2-bathroom space, while the second unit comprises 2 bedrooms and 1 bathroom. The property includes a 2-car garage, a carport, and shared laundry facilities. Both units boast spacious, open floor plans filled with natural light and a refreshing ocean breeze. The 3-bedroom unit features a large balcony at the back and another at the front, providing ample sunlight and outdoor enjoyment. The 2-bedroom unit has a sliding glass door at the front, offering lots of light and access to cool ocean breezes. Well-maintained with longstanding tenants, the property offers the following rental details: - **Lower Unit (A)**: 2 bed / 1 bath updated several years ago, currently rented at $2,800/month (underperforming). - **Upper Unit (B)**: 3 bed / 2 bath, recently remodeled, currently rented at $3,600/month (underperforming). This is a fantastic chance to invest in a fully occupied duplex in the desirable "Newport Shores" neighborhood. Tenants will enjoy the Southern California lifestyle, with easy access to beaches, surfing, paddleboarding, boating, and biking.
This property comes with a transferable valid short-term rental license, giving you the flexibility to enjoy it whenever you desire and rent it out at your convenience. Located at 4405 Channel Place, this stunning home is fully furnished and equipped with everything you need, including furniture, artwork, accessories, patio furniture, televisions, and even solar panels. It's ready for immediate occupancy and income generation! This property is an ideal investment for those dreaming of a vacation home. With a transferable short-term rental permit, located in the picturesque Newport Beach, it presents exceptional income opportunities along the beautiful Southern California coast. Just a gentle sea breeze away from the beach and newly built in 2017, this Balboa Peninsula treasure emerges as a beacon of coastal elegance in the heart of Newport Beach, California. This fully furnished, turnkey sanctuary unfolds over three levels, offering three luxurious bedrooms, a versatile loft, and three sumptuous bathrooms. Accompanied by a single-car garage and additional covered parking, it's the rooftop terrace that truly captivates, delivering panoramic views that promise the pinnacle of relaxation and high-end entertainment. With architectural mastery at its core, the home features towering, vaulted ceilings, and grand windows that capture the radiant California sunshine, accentuating the spacious, open-plan living areas dressed in sophisticated, neutral tones. The luxury underfoot is tangible with wide-plank white oak floors, complemented by the grace of stylish pendant lighting from above. Stainless steel cable railings add a contemporary touch, leading residents through the vertical expanse of this refined urban retreat. The kitchen is a chef’s dream, resplendent with pristine white quartz countertops, a spacious island poised for entertaining, the finest stainless-steel appliances, and sleek European cabinetry. The primary suite is a secluded haven with a spa-inspired bathroom, featuring dual vanities, an expansive walk-in shower, a lavish soaking tub, and a generous walk-in closet. Sustainable living is embraced here, with solar panels fully paid for in 2018 and an exceptional Airbnb license, adding remarkable value in Newport Beach. The home’s allure includes recessed lighting, central heating, and air conditioning, with the added luxuries of a built-in wine refrigerator and a chic custom backsplash.
Welcome to 603 E Balboa Blvd, a newly-renovated, exceptional mixed-use investment property located in the heart of Newport Beach, California. This three-story building boasts a strategic combination of commercial and residential spaces, offering an exciting investment opportunity. The 560 sqft~ ground floor of this property is zoned for retail use, providing an excellent opportunity for businesses looking to establish a presence in a bustling coastal community. With generous street frontage, this space offers unparalleled visibility and access to a high-traffic area, making it an attractive prospect for entrepreneurs and retailers. The upper two floors of 603 E Balboa Blvd are zoned for residential use and offer captivating views of the beach. The property also features two viewing decks with stunning ocean, bay and city light views. Situated in a highly walkable neighborhood, just moments from top-notch dining and the iconic Balboa Pier, this property offers a distinctive opportunity for both savvy investors and ambitious entrepreneurs looking to seamlessly integrate business and residence.
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!
Featuring TWO highly coveted SHORT TERM RENTAL PERMITS, this oceanfront duplex in Newport Beach offers exceptional income opportunities on the coast of Southern California. Located directly on the beach with no boardwalk between the property and the sand, the two-story design welcomes stunning ocean, beach and shoreline views from both levels. The lower-level residence features three bedrooms and 2 baths, while the second-floor unit boasts five bedrooms and 3 baths. Guests will enjoy walking out to a large beachfront patio downstairs and a spacious ocean-view deck on the top floor. Both units are open and bright, and they showcase upgrades including wood-look wide-plank tile flooring, crown molding and granite bath surrounds. Fashionable kitchens display quartz countertops, peninsulas with waterfall-style edges, stainless steel appliances and white Shaker cabinetry. Property also comes with coastal approved plans for a third floor roof deck addition. The duplex’s outstanding location is destined to be a big attraction for short-term renters. Not only is it directly on the sand, it is close to Lido Marina Village, Fashion Island, golf, parks and world-famous surf spots.
Located in the heart of Newport Beach on the coveted Bay Avenue, this exquisite duplex offers the epitome of California beachside living with two beautifully designed units to accommodate various lifestyle needs. The home’s bottom unit presents a 3-bedroom, 3-bathroom layout, providing ample space for comfortable everyday living. Upstairs, you'll find another inviting 3-bedroom, 2-bathroom haven. Features include contemporary upgrades and sleek hardwood flooring throughout the common areas. French doors open up to a harbor-facing orientation, inviting the refreshing coastal breeze indoors and a peek-a-boo view of the water. Retreat to the spacious primary suite complete with private fireplace, walk-in closet and oversized soaking tub. Entertain in style on the expansive rooftop deck while enjoying ocean, harbor, mountain and city-light views. Both units feature thoughtfully designed layouts with an emphasis on functionality and style. Just out the front door is Newport Harbor’s glistening bay and beach ready for biking, paddle boarding, boating surfing or vacation-style beach days lounging in the sun. Hop on the nearby Ferry for quick access around Newport’s finest restaurants, shopping and social delights. Whether you're seeking a primary home, a vacation getaway, or an investment opportunity, this duplex offers versatility and sophistication in equal measure.
Introducing an unparalleled investment opportunity: an exceptional duplex located in Newport Beach's coveted Balboa Peninsula which has never been on the market, directly opposite the idyllic Mothers Beach. Boasting unobstructed bay views and a unique absence of front-facing neighbors, this property epitomizes prime Newport Beach real estate. Each unit offers the potential for diverse income streams. Live in one unit while leasing out the other, or capitalize on rental income from all. The possibilities are limitless, making it an ideal investment for both seasoned investors and those seeking a lucrative Newport Beach property. A buyer can also investigate the possibility of converting to condos. The current owner was using the upstairs unit as one property, so it is currently set up as a duplex, but can easily be turned back into a triplex adding a door. Recently upgraded with renovated bathrooms, kitchens, carpet, lighting, and fresh paint, enhancing both aesthetic appeal and functionality. With views down the harbor and no neighbors in front to ever block your view, this is truly a once in a lifetime opportunity. 1811 is also being sold, so there is an opportunity to purchase both properties side by side. Rare four car garage also offers ample parking. Current floor plan is in the supplements for review.
Situated on one of Newport Beach’s most coveted corner bayfront lots, 3912 River is a contemporary duplex along the canal with a stunning private dock and boat slip. This timeless property offers an abundance of natural light via an array of skylights and large pane windows. Each unit offers bedrooms with en-suite bathrooms, a balcony off the primary suite, and an open kitchen with quartz countertops and stainless-steel appliances. The waterfront unit offers 3 bedrooms, 4 bathrooms and a living area complete with wood floors and a fireplace that leads to the gorgeous large patio/dock area. The second (street-side) unit hosts 2 bedrooms, 2 bathrooms, a fireplace in the living area, balconies, and both water and ocean views. This beautifully maintained property features the corner lot privacy of only one neighbor, two separate garages, and separate HVAC, utilities, and entrances for each unit. This waterfront opportunity is perfect for an owner-user or investor located 2 blocks from the beach and is in close proximity to the Newport Pier, Lido Village, 38th St Park, and Newport Beach’s finest dining and shopping.
Balboa Peninsula Oceanfront compound on the boardwalk in Newport Beach with coveted short term rental permit. The Large house features panoramic views from Dana Point to Catalina with 3 stories, an elevator, 6 bedrooms and 6 baths. The master bedroom is on the second floor and offers unobstructed ocean views. The private courtyard is a great way to enjoy the beachfront living and connects the main house to the 3 car garage. The second unit is a 2 bedroom, 1 bath located above the garage with separate access and a private balcony with an ocean view currently being rented to a long-term tenant.
Beach Duplex with transferrable SHORT-TERM RENTAL LICENSES for both units, located on a CORNER LOT in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset at the T of Coronado Street with an unobstructed view of the bay - must see view to appreciate! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio facing the bay, and the top level has 3 bedrooms, 2 baths, with a large deck facing the bay. A buyer can inquire with the city about adding a third level for additional ocean views, similar to many neighboring properties, and for the updated ADU - Accessory Dwelling Unit guidelines. This can be a family beach home with 2 units, income property, short-term rental property, or combination. Both units have fireplaces, beautiful open kitchens, parking in the enclosed garage, overhead storage space in garage, and plenty of unmetered on-street parking. The upstairs home has a grand primary bedroom suite, and an additional second stairway and entry door in rear of home. Additional amenities include custom built-in storage throughout, open beam ceilings, and outdoor patios. 219 E Bay Avenue is Southern California beach living at its finest, with the world-famous Newport Beach Harbor one block to the North for boating, sailing, and other water sports, and expansive sandy beaches, just a few houses away to the South, for surfing, beach walks and leisurely days. Many yacht clubs are in Newport Harbor, for terrific social connections, and there are endless restaurant options. This property has been meticulously maintained by the same owners for over 25 years, including a new roof in 2020. Your new home will have all of the advantages of beach living in one of the world's most sought-after locations! (Note that the short-term rental licenses are for 7 occupants in the 3-Bedroom/upstairs unit, and 5 occupants in the 2-Bedroom/downstairs unit, for a total of 12 occupants.)
Fantastic Peninsula,opportunity awaits you.Oceanside of Balboa Blvd. Located one house from the Ocean. Two separate Homes one on each floor. Each 3 Bd with 2Ba .Large fireplace in each unit. An abundance of outdoor living space. 3 decks upstairs and a Large patio downstairs. Large primary upstairs with walk in closet and additional closet. Spacious dressing area , double vanity with separate shower and toilet room. Both Kitchens recently have been remodeled. Vaulted ceilings with exposed beams Living room and primary upstairs. .Location is Perfect for an Incredable Beach experience. Great body surfing and board as well. Enjoy exquiste Sunrises and Sunsets. Excellent Parking Capacity 4 car spaces in garage with one additional carport space. Plenty of un- metered steet parking available. Property has Transferable Current Short term Lodging permit City of Newport Beach. Ocean peak view upstairs from bath & deck. This building has been loved, maintained and improved by current owners for over 34 years. Add a third floor for expanded Ocean views per city Building department approval. Lovely as Is Or utilize this property with endless possibilities to manifest youre Dream Home in Newport Beach. Contact James Hutton Alta Real Estate for showing.
$500,000 Price Reduction! Bring All Reasonable Offers for this Once in a lifetime opportunity! This asset is a once in a lifetime opportunity! Options to utilize it for your primary residence, 50% as your primary residence (since it's a legal duplex), and/or keep it fully in the rental pool generating income while having it accessible to use personally when vacant. Included in the sale, TWO highly coveted, transferable, active Short-Term-Lodging permits approved with the city. Buyer to verify all details for their intents and purposes. Located in the heart of the Balboa Peninsula on the Newport Beach Sand! Occupants can enjoy the immediate social life of the Bike Path & Volleyball Courts or a short stroll to the Surf Shops, Restaurants, Markets, and The Pier. Short term permits allow for approximate 16 occupants (buyer to verify) between the 2 units (Unit A, approximately 1333 sq ft.), a Three Bedroom Two Bath unit, and Unit B (approximately 1676 sq. ft), is a 4 bedroom 2 1/2 Bath. Special Note: Across the bike path from this asset, your resident's and their guest can enjoy access to a giant city parking facility. This asset has it ALL. Parking, Duplex, High Occupancy Potential, Income, Sand Location, Bike Path and immediate ocean/sand access. This is an heirloom asset that should not be overlooked! Other options to consider, park money here for your 1031 exchange? or lease it out to long term tenants? Opportunities are endless!
Welcome to 210 Grant St, a luxury Duplex in highly coveted Newport Beach. Nestled perfectly between the Canal and Pacific Ocean. This property has been exquisitely remodeled and completely upgraded over the last year and a half. Meticulous care went into every detail. Two units, each with 3 bedrooms and 2 bathrooms. Upstairs unit B is the premiere unit, boasting a larger footprint, soaring vaulted ceilings with lots of sky lights, tons natural light, wood beamed ceilings throughout and an oversized back deck. This unit also features ocean and canal views from some of the kitchen & living room windows. Think sunset views and ocean breezes! Both units are highlighted with open floorplans for the kitchens, living rooms and dining rooms. The kitchens feature big islands with barstool eating area, quartz counter tops, new high-end stainless-steel appliances, pendant lighting and soft close cabinets. All bathrooms have quartz counter tops and smart mirrors. The primary bathrooms also feature large glass enclosed showers, dual sinks and smart toilets. Other upgrades are luxury vinyl flooring throughout, ceiling fans in every bedroom, new dual pane windows, new PEX piped plumbing, new exterior stucco siding and insulation, added interior insulation and sound barrier between levels, laundry relocated from garage to the interior of each unit, new washer/dryers, new front patio cement, new vinyl fences & no HOA fees. Both units have their own separate 1 car garage each with alley access. Primly located just across PCH from one of Newport’s best beaches and surf spots. Larger than most others in the area, this beach gives you ample space to post up, relax, tan, play volleyball or enjoy the cooling waters of the Pacific Ocean. Only a few steps to the Canal where you can enjoy paddle boarding or kayaking. Walking distance to multiple great neighborhood restaurants, coffee shops & Frog House Surf Shop. Just a short distance to all the rest that Newport Beach has to offer, including the beautiful harbor for boating and sailing, bay front dining establishments, Lido Marina Village, Cannery Village, Hoag Hospital and is in the award-winning Newport Unified School District. This remodel was not intended to be a flip, the owner originally planned to live in it. So extra time and care was taken with the work that was done. This is a great investment opportunity, rent out both units or live in one and rent out the other. Don’t miss out.
Iconic, mixed-use 2-unit building located in Newport Beach’s popular Cannery Village. This Mediterranean-style property offers one residential unit and one commercial office/retail space. Upstairs you will find an extremely large residential unit consisting of 4 bedrooms, 3 of which are en suite, and 3.5 bathrooms. THIS RESIDENTIAL UNIT HAS A SHORT-TERM LODGING PERMIT and is currently being used as a short-term rental. It is a generous 2,117 square feet and boasts peek-a-boo water views of the harbor from the living room and large front sundeck. Updated and remodeled throughout with thoughtfulness to preserve some of the original elements of the vibrant property. A perfectly placed center atrium brings an abundance of natural light into the center of the home. Vaulted ceilings, skylights, and open spaces give a sense of vastness. There is a laundry room conveniently located in the hallway. The primary bathroom has an oversized operable skylight that can be opened for natural air circulation. This residential unit has 2 dedicated garage spaces that are tandem parked. Downstairs you will find a versatile commercial office/retail space that is approximately 1,000 square feet. There is a dedicated bathroom for the commercial space and in the rear, you will find 4 car parking with easy access off the alley. It is currently leased as office space at $3,200 per month with the end of the lease term in mid-June, 2025. You cannot ask for a better location! Centrally located in the heart of the Balboa Peninsula within the charming Cannery Village. The oversized lot size of this property is slightly wider than the typical 30-foot-wide standard lot size found in this area. Most of the mixed-use properties located nearby have a live/work deed restriction that requires the same owner to occupy the residential unit as well as run the downstairs commercial business. This property does NOT have that deed restriction. This means that each unit can be occupied by a completely separate and independent party. Note: The Seller would like to do Seller-Financing for qualified Buyers on terms that are favorable and agreeable to all parties.
Courtesy: Abrams Coastal Properties
Discover authentic coastal living in the heart of the picturesque Balboa Peninsula. Located a mere ten homes away from the beach within the famed 100 block, and moments from Newport Beach's radiant sands and shimmering sea, this premier parcel epitomizes flexibility. Your dream beach home is now attainable. Enjoy it when you wish and rent it when you choose. This dual-offering presents a perfect blend of significant income potential and personal beachside luxury. The property, covering nearly 2,474 square feet, features two fully furnished units and has been extensively remodeled and re-piped in 2020, with a new roof added in 2024. Introduced by a private staircase, Unit B radiates elegance and style. With three bedrooms and two bathrooms, it features a spacious dining area and a balcony perfect for BBQ evenings. Boasting dramatic tongue-and-groove vaulted ceilings, sun-filled skylights, charming Dutch entry doors, and custom designer tiles, along with fresh paint and new flooring in 2024, every aspect of this home radiates sophistication. On the ground floor, Unit A is a contemporary gem with an open-plan design. Featuring two bedrooms and two bathrooms, this home is enhanced with upgrades including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinetry, designer subway tile backsplashes, fresh paint (2024), and impeccable countertops. 2711 W Balboa isn't merely a residence; it's a remarkable opportunity. With two short-term rental permits in hand, it boasts a cap rate of approximately 3%, offering considerable upside potential. Situated near iconic beaches, world-class dining, and the renowned Fashion Island Shopping center, this property is both a golden chance for steady income and a beachside paradise. Embrace the flexibility and make the beach both your backyard and your business.
Newport Beach is located in California. Newport Beach, California has a population of 86,793. Newport Beach is less family-centric than the surrounding county with 29.72% of the households containing married families with children. The county average for households married with children is 36.16%.
The median household income in Newport Beach, California is $119,379. The median household income for the surrounding county is $81,851 compared to the national median of $57,652. The median age of people living in Newport Beach is 46.7 years.
The average high temperature in July is 70.9 degrees, with an average low temperature in January of 49.8 degrees. The average rainfall is approximately 13.5 inches per year, with 0 inches of snow per year.
