2711 Balboa Boulevard

Newport Beach, CA 92663

$3,649,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $1,474 / sqft

1972

calendar_month Built

Property 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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Vinyl
Fireplace Information
Features None
Interior Information
Features Balcony, Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting, Tile Counters
Cooling Type Central Air

Listing Information

Address 2711 Balboa Boulevard
City Newport Beach
State CA
Zip 92663
County Orange
Listing Agent Greg Blake DRE#01227057
Co-Listing Agent Tim Smith DRE#01346878
Courtesy Of Coldwell Banker Realty
MLS NP23179029
List Price $3,649,000
Status Active
Type Residential Income
Subtype Duplex
Structure Size N/A
Lot Size 2,178
Year Built 1972
DOM 151

Exterior Information

Maps

Listing information courtesy of: Greg Blake, Tim Smith, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 12th, 2024 at 5:17 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.