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2711 W Balboa Boulevard

Newport Beach, CA 92663
  • $3,680,000
  • STATUS: ACTIVE
  • ON SITE: 162 Days
  • ID#: TR22218561
UPDATED: 65 min ago
$3,680,000
  • 5
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

Vacation rental duplex ready with two short-term rental permits of the City of Newport Beach (Short-term rental permits are very limited and no additions in near future). This modern beautiful duplex located in the heart of the picturesque Balboa Peninsula, ten homes from the beach within the famed one block from the sparkling sand and sea. It comprises of two fully furnished units spanning 2474 Sq/Ft., and has been remodeled and re-piped in 2021. Unit A is a spectacular, open-floor 2 bedroom, 2 bathroom with an array of upgrades and exceptional materials including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinet, designer subway tile backsplashes, and newer quartz countertops. Unit B is a remarkable, refined and upgraded with 3 bedroom, 2 bathroom, spacious dining area, and balcony with a BBQ servicing the opulent living room. Additional features include Dutch entry doors, custom designer tiles, luxury vinyl plank flooring throughout both units and 2 car garage. This is your chance to own property in the famous harborside community of Balboa Peninsula, with shopping, world-class dining and a world-famous boardwalk just moments away. The property has stellar established gross rental history, with gross income at approximately $195,000. This property provides tremendous opportunity for stable and steady income and existing reservations are already in place through Summer 2023. Vacation rental duplex ready with two short-term rental permits of the City of Newport Beach (Short-term rental permits are very limited and no additions in near future). This modern beautiful duplex located in the heart of the picturesque Balboa Peninsula, ten homes from the beach within the famed one block from the sparkling sand and sea. It comprises of two fully furnished units spanning 2474 Sq/Ft., and has been remodeled and re-piped in 2021. Unit A is a spectacular, open-floor 2 bedroom, 2 bathroom with an array of upgrades and exceptional materials including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinet, designer subway tile backsplashes, and newer quartz countertops. Unit B is a remarkable, refined and upgraded with 3 bedroom, 2 bathroom, spacious dining area, and balcony with a BBQ servicing the opulent living room. Additional features include Dutch entry doors, custom designer tiles, luxury vinyl plank flooring throughout both units and 2 car garage. This is your chance to own property in the famous harborside community of Balboa Peninsula, with shopping, world-class dining and a world-famous boardwalk just moments away. The property has stellar established gross rental history, with gross income at approximately $195,000. This property provides tremendous opportunity for stable and steady income and existing reservations are already in place through Summer 2023.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/133794363
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2711 W Balboa Boulevard Newport Beach, CA 92663

  • Price: $3,680,000
  • Status: ACTIVE
  • On Site: 162 Days
  • Updated: 65 min ago
  • ID#: TR22218561
5
Beds
0
Baths
0
½ Baths
0.05
Acres
Neighborhood:
Oc - Newport Beach (92663)
County:
Orange
Area:
Oc - Newport Beach (92663)
Property Description
Vacation rental duplex ready with two short-term rental permits of the City of Newport Beach (Short-term rental permits are very limited and no additions in near future). This modern beautiful duplex located in the heart of the picturesque Balboa Peninsula, ten homes from the beach within the famed one block from the sparkling sand and sea. It comprises of two fully furnished units spanning 2474 Sq/Ft., and has been remodeled and re-piped in 2021. Unit A is a spectacular, open-floor 2 bedroom, 2 bathroom with an array of upgrades and exceptional materials including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinet, designer subway tile backsplashes, and newer quartz countertops. Unit B is a remarkable, refined and upgraded with 3 bedroom, 2 bathroom, spacious dining area, and balcony with a BBQ servicing the opulent living room. Additional features include Dutch entry doors, custom designer tiles, luxury vinyl plank flooring throughout both units and 2 car garage. This is your chance to own property in the famous harborside community of Balboa Peninsula, with shopping, world-class dining and a world-famous boardwalk just moments away. The property has stellar established gross rental history, with gross income at approximately $195,000. This property provides tremendous opportunity for stable and steady income and existing reservations are already in place through Summer 2023. Vacation rental duplex ready with two short-term rental permits of the City of Newport Beach (Short-term rental permits are very limited and no additions in near future). This modern beautiful duplex located in the heart of the picturesque Balboa Peninsula, ten homes from the beach within the famed one block from the sparkling sand and sea. It comprises of two fully furnished units spanning 2474 Sq/Ft., and has been remodeled and re-piped in 2021. Unit A is a spectacular, open-floor 2 bedroom, 2 bathroom with an array of upgrades and exceptional materials including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinet, designer subway tile backsplashes, and newer quartz countertops. Unit B is a remarkable, refined and upgraded with 3 bedroom, 2 bathroom, spacious dining area, and balcony with a BBQ servicing the opulent living room. Additional features include Dutch entry doors, custom designer tiles, luxury vinyl plank flooring throughout both units and 2 car garage. This is your chance to own property in the famous harborside community of Balboa Peninsula, with shopping, world-class dining and a world-famous boardwalk just moments away. The property has stellar established gross rental history, with gross income at approximately $195,000. This property provides tremendous opportunity for stable and steady income and existing reservations are already in place through Summer 2023.
Exterior Features

Fencing N/K Pool N/K Site Sidewalks Spa N/K

Interior Features

Cooling Central Forced Air Heat Equipment Forced Air Unit Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Water Heater Type Gas

Property Features

Annual Expense Actual 57101 Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 184309 Home Owners Fees 0.0 Possession Close Of Escrow Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 75185.0 Unit2 Rent Actual 109124.0 Zoning Appraiser

San Diego MLS logo Listing provided courtesy of 168 Realty Inc.: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128