2711 W Balboa Boulevard, Newport Beach, CA 92663

  • $3,399,000
  • $1,374
2711 W Balboa Boulevard, Newport Beach, CA 92663
For Sale
2711 W Balboa Boulevard, Newport Beach, CA 92663
  • $3,399,000
  • $1,374

Overview

Property ID: SGR-16342618
  • Residential Income
  • Property Type
  • 2.00
  • Garages
  • 1972
  • Year Built

Description

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.

  • Address 2711 W Balboa Boulevard
  • City Newport Beach
  • State/county CA
  • Zip/Postal Code 92663
  • Area N8 - West Newport - Lido
  • Country United States

Details

Updated on May 15, 2024 at 2:53 pm
  • Property ID: SGR-16342618
  • Price: $3,399,000
  • Land Area: 2178.00 m²
  • Garages: 2.00
  • Year Built: 1972
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 2474.00
  • MLS#: NP23179029
  • Office Name: COLDWELL BANKER REALTY
  • Agent Name: Greg Blake
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Co-Office Name: Coldwell Banker Realty
  • Co-Agent Name: Tim Smith
  • Agent State License: 01227057
  • Co-Agent State License: 01346878
  • IDX Contact Info: 949-500-8684

Additional details

  • View: Neighborhood
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Flooring: Vinyl
  • County: Orange
  • Property SubType: Duplex
  • Parking: 2.00
  • Water Source: Public

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