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Incredible investment opportunity in the heart of Newport Beach. This turnkey duplex includes two Short Term Rental Permits that are transferable to the new owner! The property consists of two separate units and an oversized 4-car garage, assuring you will never be without parking at the beach. Located on the Balboa Peninsula, this duplex is just steps to the sandy beach or a short walk to Channel Park on the bay. Each unit offers 2 bedrooms and 1 bathroom with recently updated kitchens and baths. The upper unit, situated above the garage, enjoys ocean breezes, while the lower unit features a private patio with a fire pit, enhancing guest appeal and rental performance. Both units are fully furnished and equipped with modern conveniences including Smart TVs, on-site washer and dryer, towels, linens and beach gear, allowing for immediate, turnkey operation. The property has an established history as a professionally managed vacation rental with consistent income, making it a strong, proven performer. All finishes, furnishings, and household items are in excellent condition. All appliances new as of 2024 including tankless water heater. Recent improvements including new paint, roof, windows, and additional upgrades minimizing near-term capital expenditures. This is a low-maintenance coastal asset located in one of Newport Beach's strongest rental corridors.
| DAYS ON MARKET | 41 | LAST UPDATED | 2/5/2026 |
|---|---|---|---|
| YEAR BUILT | 1947 | COMMUNITY | NP - Balboa Peninsula |
| GARAGE SPACES | 4.0 | COUNTY | Orange |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Oven, Gas Range, Refrigerator, Tankless Water Heater |
|---|---|
| AREA | NP - Balboa Peninsula |
| EXTERIOR | Barbecue, Fire Pit |
| FIREPLACE | Yes |
| GARAGE | Yes |
| INTERIOR | Ceiling Fan(s) |
| LOT | 2614 sq ft |
| LOT DESCRIPTION | Corner Lot, Near Public Transit, Paved |
| LOT DIMENSIONS | 2614 |
| PARKING | Assigned, Garage, Oversized, Private |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/16/26 3:03 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
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