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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DAYS ON MARKET
|
214
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LAST UPDATED
|
10/27/2023
|
|
TRACT
|
Lido Peninsula (LIPN)
|
YEAR BUILT
|
1972
|
|
COMMUNITY
|
West Newport - Lido
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GARAGE SPACES
|
2.0
|
|
COUNTY
|
Orange
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STATUS
|
Active
|
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PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator |
| AREA |
West Newport - Lido |
| BUYER'S BROKERAGE COMPENSATION |
2.500 % |
| 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 Primary, Open Floorplan, Recessed Lighting, Tile Counters, Walk-In Closet(s) |
| LOT |
2178 sq ft |
| LOT DESCRIPTION |
Paved |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Lido Peninsula (LIPN) |
| 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 4/27/24 8:24 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
This IDX solution is (c) Diverse Solutions 2024.
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