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PRICED REDUCED $800k - SELLER FINANCING AVAILABLE. Just $1.5M down and seller will carry at 4% interest-only for 12 months. Buyer keeps all rental income (approx. $260K/year) to offset interest payments. Balloon payment of $3.7M due at end of year one. Rare low-entry opportunity in prime Newport Beach with immediate cash flow. Newly constructed in 2020, this fully furnished 8-bedroom, 7-bathroom duplex sits at the top of the Balboa Peninsula, directly across from the beach. Includes two transferable short-term rental permits and strong income history. Two thoughtfully designed units: Rear Unit: 5BR / 3.5BA with direct garage access, open-concept kitchen, large bonus room, and rooftop deck with ocean, city, and mountain views. Front Unit: 3BR / 2.5BA with a charming front porch on 32nd Street — steps to the sand and ideal for entertaining. Features include AC/heat, parking for 4 cars (2-car garage + 2-car carport), and premium finishes throughout. Walk to Lido Marina Village, the Bayfront, top restaurants, and shops. Quick access to PCH and freeways. Live where you vacation or leverage it as a high-performing income property!
Property Type(s):
Multi Family
| Last Updated | 4/9/2025 | Tract | Balboa Peninsula (Residential) (BALP) |
|---|---|---|---|
| Year Built | 2020 | Community | West Newport - Lido |
| Garage Spaces | 2.0 | County | Orange |
SCHOOLS
| School District | Newport Mesa Unified |
|---|---|
| Elementary School | Newport |
| Jr. High School | Ensign |
| High School | Newport Harbor |
Price History
| Prior to Apr 9, '25 | $5,900,000 |
|---|---|
| Apr 9, '25 - Today | $5,200,000 |
Additional Details
| AIR | Electric, Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan |
| AREA | West Newport - Lido |
| GARAGE | Attached Carport, Carport, Direct Access, Garage, Garage Faces Rear, Yes |
| HEAT | Forced Air |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Up, Built-in Features, Ceiling Fan(s), Furnished, Galley Kitchen, Granite Counters, Recessed Lighting, Stone Counters, Walk-In Closet(s) |
| LOT | 2352 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Attached Carport,Carport,Direct Access,Garage,Garage Faces Rear |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Contemporary |
| SUBDIVISION | Balboa Peninsula (Residential) (BALP) |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights,Mountain(s) |
| WATER | Public |
Location
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Listed with Surterre Properties Inc.
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