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Investor Opportunity: Turnkey Duplex on Newport Beach's Balboa PeninsulaIntroducing a fully remodeled, income-producing duplex in the heart of Newport Beach’s 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 systems—ideal 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 California’s 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 investor’s dream.Seize the chance to own a premium, high-performing rental property in Newport Beach. Contact us today to schedule a showing!
Property Type(s):
Multi Family
| Last Updated | 9/25/2024 | Tract | Balboa Peninsula (Residential) (BALP) |
|---|---|---|---|
| Year Built | 1955 | Community | Balboa Peninsula |
| Garage Spaces | 2.0 | County | Orange |
SCHOOLS
| School District | Newport Mesa Unified |
|---|
Additional Details
| AIR | Ductless, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Freezer, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater |
| AREA | Balboa Peninsula |
| CONSTRUCTION | Drywall |
| EXTERIOR | Awning(s) |
| GARAGE | Attached Carport, Carport, Garage, Garage Faces Rear, Yes |
| HEAT | Ductless |
| HOA DUES | 0 |
| INTERIOR | Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting |
| LOT | 3049 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| PARKING | Attached Carport,Carport,Garage,Garage Faces Rear |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Bungalow |
| SUBDIVISION | Balboa Peninsula (Residential) (BALP) |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: 220 Volts in Garage |
| VIEW | Yes |
| VIEW DESCRIPTION | Coastline,Ocean,Peek-A-Boo |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Across the Road from Lake/Ocean |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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