Thank you
Greg Blake
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, covering nearly 2,474 square feet, features two fully furnished units and has been extensively remodeled and re-piped in 2020, with a new roof added in 2024. 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. Boasting dramatic tongue-and-groove vaulted ceilings, sun-filled skylights, charming Dutch entry doors, and custom designer tiles, along with fresh paint and new flooring in 2024, every aspect of this home radiates sophistication. On the ground floor, Unit A is a contemporary gem with an open-plan design. Featuring two bedrooms and two bathrooms, this home is enhanced with upgrades including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinetry, designer subway tile backsplashes, fresh paint (2024), and impeccable 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.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1045688493 | 2 | 2 | 2 | 0 |
2 | 1045688493 | 2 | 3 | 2 | 0 |
Water Source : Public
Sewer : Public Sewer
Exterior Property Features : Barbecue
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)
Windows: Blinds,Skylight(s)
Property Appliances: Dishwasher,Freezer,Gas Cooktop,Gas Oven,Microwave,Refrigerator
Fireplace: None
Flooring: Vinyl
Central Air
Air Conditioning
Forced Air
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1972
Building Area Total: 2,474
Barbecue
None
Electric Dryer Hookup,Gas Dryer Hookup,In Garage
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.05
Lot Size Source: Assessor
Lot Size Square Feet: 2178
Original List Price: 3,649,000
Listing Contract Date: 2023-09-11
Listing Agreement: Exclusive Right To Sell
Parcel Number: 04709233
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: N8 - West Newport - Lido
Directions: PCH to Balboa Blvd. Cross Streets: 28th
Source Property Type: Residential Income
Area: N8 - West Newport - Lido
Property SubType: Duplex
Property Age: 52
Common Walls: 1 Common Wall
Property Condition: Turnkey
Structure Type: Duplex
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
601 Lido Park Drive #3A, Newport Beach, CA,92663 | $22,000 | 2 | 2 | 1,873 | -- |
2600 Newport Boulevard .., Newport Beach, CA,92663 | $2,885,000 | 4 | 2 | 2,000 | -- |
2209 Cliff Drive, Newport Beach, CA,92663 | $14,995,000 | 5 | 5 | 6,800 | 7405 Sqft |
119 Via Jucar, Newport Beach, CA,92663 | $7,295,000 | 4 | 4 | 4,793 | 4840 Sqft |
110 Via Trieste, Newport Beach, CA,92663 | $10,995,000 | 5 | 5 | 5,507 | 6160 Sqft |
5308 Seashore Drive, Newport Beach, CA,92663 | $4,975,000 | 4 | 4 | 2,570 | 3200 Sqft |
2316 Cliff Drive, Newport Beach, CA,92663 | $8,200,000 | 7 | 6 | 5,500 | 5625 Sqft |
4800 Seashore Drive, Newport Beach, CA,92663 | $5,295,000 | 6 | -- | 2,900 | 3237 Sqft |
309 Via Lido Soud, Newport Beach, CA,92663 | $39,750,000 | 4 | 4 | 8,868 | 9450 Sqft |
119 Via San Remo, Newport Beach, CA,92663 | $4,195,000 | 4 | 3 | 2,131 | 3696 Sqft |
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ByOwner last updated this listing 04/27/2024 @ 03:35
MLS: NP23179029
LISTED BY: Greg Blake, Coldwell Banker Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.