Active

2711 W Balboa Boulevard

Newport Beach CA, 92663

$3,649,000


$1,474.94 per sqft

Active

2,474 sqft

Multi-family

Built in 1972

Listed by Greg Blake with Coldwell Banker Realty 949-644-1600

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, spanning approximately 2,474 square feet, consists of two fully furnished units and underwent an exhaustive remodel and re-piping in 2020. 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. From its dramatic tongue and groove vaulted ceilings to sun-filled skylights, Dutch entry doors, custom designer tiles, and luxury vinyl plank flooring, every detail exudes sophistication. On the ground floor, Unit A is a contemporary gem with an open-plan design. It encompasses two bedrooms and two bathrooms and is adorned with upgrades such as Nest thermostats, recessed lighting, stainless steel appliances, custom cabinetry, designer subway tile backsplashes, and flawless 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 11, 2023

Listed

February 16, 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

Yes


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

124


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


Buyer Agency Compensation

2.5%

Listing Contact: 949-644-1600 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 11:42 PM UTC

 

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