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Listed by Sean Jarne, DRE #01447010 • First Team Real Estate
$ 3,995,000
Est. payment /mo
New
1527 W Balboa Newport Beach, CA 92663
2,561 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRLG26166425
Style Contemporary
Year Built 1946
Lot Size 2,561 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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 Beach's 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 appeal-ideal for professionals, couples, or as a premium vacation rental. Both units are well main
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Kitchen Oven Range - Gas, Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Laundry 38
Exterior
Parking Features Garage
Garage Spaces 1.0
Pool 31, None
View Bay, Ocean, Other, Panoramic, 30, Water
Roof Type Shingle,Composition
Building
Foundation Concrete Slab
Sewer Sewer Available
Water District - Public
Architectural Style Contemporary
Others
Tax ID 04721102
Special Listing Condition Not Applicable
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