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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 3,995,000

Est. payment | -/mo

5 Beds

3 Baths

2,561 Sqft Lot

Save Virtual Tour

$ 3,995,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

2,561 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID LG26166425

Bedrooms 5

Lot Size 2,561 Sqft

Property Sub-Type Res Income 2-4 Units

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 youll 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.

Location

State CA

County Orange

Zoning Assessor

Direction 16th X Balboa

Interior

Fireplace No

Exterior

Utilities Available Sewer Connected

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 04721102

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://my.matterport.com/show/?m=htrNVcChZgt

Listed by Sean Jarne, DRE#01447010 First Team Real Estate

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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1527 W Balboa Newport Beach, CA 92663