UPDATED:
10/17/2024 12:15 PM
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 2,371 sqft
Price per Sqft $1,678
MLS Listing ID NP24198991
Style Townhome
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
Investor Opportunity: Turnkey Duplex on Newport Beach's Balboa Peninsula Introducing a fully remodeled, income-producing duplex in the heart of Newport Beachs 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 systemsideal 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 Californias 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 investors 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 Oc - Newport Beach (92661)
Interior
Interior Features Granite Counters, Recessed Lighting
Cooling Wall/Window
Flooring Linoleum/Vinyl
Equipment Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Gas Oven, Vented Exhaust Fan, Gas Range
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Gas Oven, Vented Exhaust Fan, Gas Range
Laundry Closet Full Sized, Closet Stacked, Garage
Exterior
Garage Garage
Garage Spaces 2.0
Fence Wood
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Ocean, Coastline, Peek-A-Boo
Roof Type Composition
Total Parking Spaces 4
Building
Lot Description Sidewalks
Story 2
Lot Size Range 1-3999 SF
Sewer Public Sewer
Water Public
Architectural Style Craftsman/Bungalow
Level or Stories Split Level
Construction Status Turnkey
Others
Miscellaneous Storm Drains,Suburban
Acceptable Financing Exchange
Listing Terms Exchange
Special Listing Condition Standard
