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Tricia Mcmullan

tricia.mcmullan@redfin.com +1(626) 318-7433

$ 3,995,000

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1527 W Balboa Newport Beach, CA 92663

2,561 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID LG26166425

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1946

Lot Size 2,561 Sqft

Property Sub-Type Duplex

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 you'll 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

Area Np - Balboa Peninsula

Interior

Heating Wall Furnace

Cooling None

Flooring Wood

Inclusions None

Fireplace No

Appliance Gas Oven, Gas Range

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Exterior Feature Barbecue

Parking Features Garage Faces Rear

Garage Spaces 1.0

Garage Description 1.0

Fence Block

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway

View Y/N Yes

View Bay, Landmark, Ocean, Panoramic, Peek-A-Boo, Water

Roof Type Composition,Shingle

Total Parking Spaces 1

Private Pool No

Building

Lot Description Rectangular Lot

Faces East

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer, Sewer Tap Paid

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 04721102

Security Features Carbon Monoxide Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Sean Jarne First Team Real Estate sean@jarnerealty.com, DRE #01447010

View 1527 W Balboa on Redfin Full photos, price history & neighborhood details