$2,700,000
$2,995,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
2,613 Sqft Lot
SOLD DATE : 08/19/2025
Key Details
Sold Price $2,700,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID PW25145412
Sold Date 08/19/25
Construction Status Updated/Remodeled
HOA Y/N No
Rental Info Daily
Year Built 1956
Lot Size 2,613 Sqft
Lot Dimensions Assessor
Property Sub-Type Duplex
Property Description
2 units one house off the sand with a peek a boo view of the ocean. These 2 units (upper and lower) are licensed short-term rentals with the city of Newport Beach. Located 2 blocks from the ferry and one block from the pier, and walking distance to the fun zone! It doesn't get much better just off the sand. Occupy one and rent the other, or enjoy the income from short-term rental. The lower unit has an outdoor front patio and a 2-car garage off the alley behind the unit. The upper unit has a large front deck and a rear deck with a peak a boo view of the ocean and a 1-car garage. Both units feature a living room, dining area, open kitchen, and two large bedrooms with a full bath and shower. There is a common laundry room with a washer and dryer that are included. As a short-term rental, these units come fully furnished with all the essentials, including TVs, bedding, kitchenware, and more. You can move right in or keep it as an investment opportunity that only Newport Beach can offer. The city is no longer issuing short-term rental permits, so this is your opportunity to assume the existing permits. The schools are among the most distinguished in the county, and the weather cannot be beat!
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Interior Features Balcony, Ceiling Fan(s), Furnished, Open Floorplan
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Dryer, Washer
Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room
Exterior
Parking Features Door-Multi, Garage, Garage Door Opener, Garage Faces Rear, Side By Side
Garage Spaces 3.0
Garage Description 3.0
Fence Stucco Wall, Wood
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront Description Across the Road from Lake/Ocean,Beach Access
View Y/N Yes
View Ocean, Peek-A-Boo
Roof Type Composition
Accessibility None
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Rectangular Lot
Faces East
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 04808118
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 1345.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Conventional
Special Listing Condition Standard, Trust
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