Discover authentic coastal living in the heart of the picturesque Balboa Peninsula. Located ten homes from the beach within the famed 100 block, just moments from Newport Beach's sparkling sand and sea, this premiere parcel is an idyllic compound for significant income opportunity or a personal beachside getaway. Comprised of two fully furnished units spanning approximately 2,474 square feet, the property has been remodeled and re-piped in 2020. Introduced by private staircase, Unit B is a remarkable and refined residence encompassing three bedrooms, two bathrooms, spacious dinning area, and balcony with a BBQ servicing the opulent living room. Among the unit's decorative flourishes are dramatic tongue and grove vaulted ceilings, multiple skylights filling the interiors with an abundance of natural light, Dutch entry doors, custom designer tiles, and luxury vinyl plank flooring throughout both units. On the ground-level, Unit A is a spectacular, open-plan two-bedroom, two-bathroom abode finished with an array of upgrades and exceptional materials including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinetry, designer subway tile backsplashes, and newer countertops. 2711 W Balboa is equipped with two short-term rental permits, achieving a cap rate of approximately 3.5% with great upside potential. Near famous beaches, world-class dining, and Fashion Island Shopping center, this offering provides tremendous opportunity for stable and steady income and existing reservations are already in place through Summer 2021.
DAYS ON MARKET
|
29
|
LAST UPDATED
|
6/2/2021
|
TRACT
|
Balboa Peninsula (Commercial) (BPCD)
|
YEAR BUILT
|
1972
|
COMMUNITY
|
Balboa Peninsula
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Orange
|
STATUS
|
Sold
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
AIR |
Central Air |
AIR CONDITIONING |
Yes |
APPLIANCES |
Dishwasher, Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator |
AREA |
Balboa Peninsula |
EXTERIOR |
Barbecue |
GARAGE |
Yes |
HEAT |
Forced Air |
HOA DUES |
0 |
INTERIOR |
Balcony, Beamed Ceilings, Bedroom on Main Level, Built-in Features, Ceiling Fan(s), High Ceilings, Main Level Master, Open Floorplan, Recessed Lighting, Tile Counters, Walk-In Closet(s) |
LOT |
2178 sq ft |
LOT DESCRIPTION |
Paved |
POOL DESCRIPTION |
None |
PRIMARY ON MAIN |
Yes |
SEWER |
Public Sewer |
STORIES |
2 |
SUBDIVISION |
Balboa Peninsula (Commercial) (BPCD) |
UTILITIES |
Electric - Standard |
VIEW |
Yes |
VIEW DESCRIPTION |
Neighborhood |
WATER |
Public |
WATERFRONT |
Yes |
WATERFRONT DESCRIPTION |
Ocean Side Of Freeway,Ocean Side Of Highway |
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Listed with Coldwell Banker Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/26/24 10:42 AM 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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