Sold
Closed
2711 W Balboa Boulevard
Newport Beach CA, 92663
$3,325,000
$1,343.98 per sqft
Sold
Closed
2,474 sqft
Multi-family
Built in 1972
Listed by Greg Blake with Coldwell Banker Realty 949-500-8684
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.
NP23179029
MLSⓇ ID
September 26, 2023
Listed
October 1, 2024
Updated
Map
2711 W Balboa Boulevard
Newport Beach CA, 92663
Interior Features
Total Stories
2
Interior Features
Beamed Ceilings, Built-in Features, Balcony, Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting, Tile Counters, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
Appliances
Dishwasher, Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator
Laundry Description
Electric Dryer Hookup, Gas Dryer Hookup, In Garage
Floor Description
Vinyl
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.05 Acres
Exterior Features
Barbecue
Lot Features
Paved
Sewer
Public Sewer
Other Property Details
Area Name
N8 - West Newport - Lido
Days on Market
247
Garage
Yes
Garage Spaces
2
Parking Total
2
View
Yes
View Description
Neighborhood
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Waterfront
Yes
Listing History
Date | Event | Price |
---|---|---|
7/11/2024 | Sold | $3,325,000 |
6/17/2024 | Under contract | — |
5/7/2024 | Price change | $3,399,000 -7% |
Listing Contact: 949-644-1600
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/1/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/1/2024 at 9:59 PM UTC