Investor Opportunity: Turnkey Duplex on Newport Beach's Balboa Peninsula
Introducing 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.
|
DAYS ON MARKET
|
84
|
LAST UPDATED
|
6/22/2025
|
|
TRACT
|
Balboa Peninsula (Residential) (BALP)
|
YEAR BUILT
|
1955
|
|
COMMUNITY
|
NP - Balboa Peninsula
|
GARAGE SPACES
|
2.0
|
|
COUNTY
|
Orange
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Single Family
|
|
|
| Elementary School |
Newport |
| Jr. High School |
Ensign |
| High School |
Newport Harbor |
| AIR |
Ductless, Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Disposal, Freezer, Gas Oven, Gas Range, Gas Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Washer/Dryer Stacked, Water Heater |
| AREA |
NP - Balboa Peninsula |
| EXTERIOR |
Awning(s) |
| GARAGE |
Attached Garage, Yes |
| HEAT |
Ductless |
| INTERIOR |
Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting |
| LOT |
3049 sq ft |
| PARKING |
Attached, Attached Carport, Carport, Garage, Garage Faces Rear |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
Split/Multi Level |
| STYLE |
Bungalow |
| SUBDIVISION |
Balboa Peninsula (Residential) (BALP) |
| UTILITIES |
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Ocean |
| WATER |
Public |
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Listed with Compass
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/6/25 11:54 PM PDT and /or other sources. 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
This IDX solution is (c) Diverse Solutions 2025.
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