1527 West Balboa, Newport Beach, CA 92663

$3,995,000
5
BD
3
BA
2,000
SqFt

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List Price
$3,995,000
Status
ACTIVE
MLS#
LG-26177551
Year Built
1946
Bedrooms
5
Bathrooms
3
Living Sq. Ft
2,000
Lot Size
2,561
Days on Market
6
Property Type
Multifamily
Style
Cottage
Stories
2
Neighborhood
Not Applicable

Property Description

Listen to the waves crash from your bedroom in this rare to the market beach-close duplex located just one home from the sand, offering an exceptional opportunity for owner occupants, investors, those looking for a vacation house, or those seeking a coastal retreat with income potential. This fully upgraded property features two separate well maintained residences. First a charming front cottage with 2 bedrooms and 1 bathroom. The second unit is an fully upgraded owners home containing 3 bedrooms and 2 bathrooms, complete with New LVP luxury flooring downstairs, new white oak flooring upstairs, the upstairs bathroom is brand new, and the entire property is newly painted. A one-car garage provides convenient parking and storage and a second uncovered parking spot is available in the rear of the property. Both units will rent for top dollar, or keep one for your own use and rent the other for some extra income. These features make 1527 W. Balboa truly one to see! The home is in one of the most desirable locations on the Peninsula, walk west and you are on the beach, walk east and you will find Newport Bay. Also directly across the street you’ll find the marina and Marina Park (perfect for young families), complete with the lighthouse restaurant and its iconic lighthouse, creating picturesque bay views from the property. Enjoy an unbeatable location where both the beach and bay are just steps away, with endless opportunities for boating, paddle boarding, dining, and the quintessential Newport Beach lifestyle.

Additional Information

Land Lease Type
Fee
Appliances
Refrigerator, Gas Cooktop, Gas Oven, Gas Range, Microwave, Self Cleaning Oven
Fireplace Description
None
View
Bay, City Lights, Marina, Ocean, Park/Greenbelt, Panoramic, Water
Parking
Garage, Garage - Single Door, Garage Door Opener, Garage Faces Rear, Paved, Uncovered
Garage Spaces Total
1
Elementary School
Newport
Middle School
Ensign
High School
Newport Harbor

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Calculator source: Real Geeks

Listing courtesy of First Team Real Estate.