Newport Beach Mixed-Use Property Sold - 603 E Balboa Blvd
Posted by Beach Cities Real Estate on Tuesday, November 30th, 2021 at 2:38pm.
A Mixed-Use property in Newport Beach, California has just been sold by Beach Cities Real Estate agent Jim Knoska who represented the seller. 603 E Balboa Blvd, Newport Beach sold for $2,885,000 which closed escrow on 11/22/21. This was a very unique opportunity of a mixed-use property located very close to the beach and the Newport Beach Pier area. It was originally listed for sale at $2,950,000 and sold for $65,000 under the original asking price after being on the market for a total of 167 days. The property was built in 1991 in the Spanish architectural style in the heart of the Balboa Village area. It consisted of three different levels with a retail or office space and a 6 car parking on the first level, two bedrooms on the second level and a one bedroom on the top level. One of the biggest selling features was a wonderful roof top deck as pictured below which offered wonderful ocean views.
The Newport Beach area offers a wide range of income property that tend to be located on the Balboa Peninsula area. This is a popular area for residents and tourists visiting Newport Beach due to the close proximity to the beach and the Newport Bay. In fact, it's easy to go to the beach from the bay in just a matter of minutes. This area is also filled with a wide variety of restaurants, shopping and beach activities at the area called the Balboa Fun Zone. If you ever have a chance to come to this area make sure to take the Newport Bay boat tour as it visits many of the most expensive homes and neighborhoods along the water in this area. Jim Knoska is a local Newport Beach agent who specializes in selling homes along the coast. For professional representation please contact Jim at 949-547-1820 today.
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Newport Beach 1007 Balboa Boulevard
A remarkable opportunity to own 10 Units on the Oceanfront of the Balboa Peninsula with 7 Irreplaceable STR's (SHORT TERM RENTAL PERMITS)! This is a dream deal w/ a monster cap rate and a whopping $640,000 NET income in 2023! Located almost perfectly right next to Balboa Pier, Balboa Fun Zone, Balboa Ferry, Market & Deli, Shopping, Restaurants, Arcades, and More. Each unit is remodeled and ready to be rented immediately. 4 of the Units are directly facing the oceanfront with spectacular panoramic views, including the Pier. Priced to sell and motivated deal. APN 048-146-04 (additional 1,519 sqft parcel on sand/beach) also included.$9,500,000
Newport Beach 1003 Balboa Boulevard
Balboa Peninsula Oceanfront compound on the boardwalk in Newport Beach with coveted short term rental permit. The Large house features panoramic views from Dana Point to Catalina with 3 stories, an elevator, 6 bedrooms and 6 baths. The master bedroom is on the second floor and offers unobstructed ocean views. The private courtyard is a great way to enjoy the beachfront living and connects the main house to the 3 car garage. The second unit is a 2 bedroom, 1 bath located above the garage with separate access and a private balcony with an ocean view currently being rented to a long-term tenant.$7,999,000
Newport Beach 417 Balboa Boulevard
Absolutely Perfect Opportunity here on the Balboa Peninsula. Two Newer Build & Remodeled Homes on the Lot! 417 and 419 E. Balboa Blvd. Fantastic Family Compound and/or Prime Investment for Rental Income possibilities, Steps to the Beach. First Home 417 is a Gorgeous Two Story approx 1914 living sqft with 3 bedrooms (downstairs Main) plus a 4th extra room for bedroom, den or office, 2.5 Bathrooms, large Livingroom and Kitchen. This home has 2 Kitchens and Living rooms (upstairs and downstairs) and can be perfect for multi-families as well. Newer Custom Upgrades, Remodeling and Construction include; Porcelain Tile and Cherry Walnut Wood floors, Low E Vinyl Windows, Custom Panel Doors & Front Door, Fire Sprinklers, New Electrical and Plumbing, House Water Softener System, Roof, Outside Patio Deck & Shower. Second Home 419 is Newer Construction. Just Perfect with 3 levels, approx 1400 living sqft with an elevator for easy access. 3 bedrooms, 3.5 bathrooms. Beautiful, Light & Bright! Gorgeous Open Views from the 3rd floor Kitchen, Patio and Viewing Deck looking out to the Ocean and Newport Pier. A Spacious Floorplan with Living Area with Custom Fireplace which opens to the Kitchen & Dining. Beautiful Elegant Custom work includes; Luxury Italian Porcelain Tile Flooring through the Home, New Paint (inside and outside), Low E Vinyl Windows, Baseboards, Recessed Lighting, Custom Panel Doors & Hardware, Heating and A/C systems with ductwork, Whole House Water Softener System & House Vacuum System. Extra Large Gourmet Kitchen has Granite Counters/Tile Backsplash, Blue Star Professional 8 Burner Gas Range, Plenty of Storage Cabinets and Pantry. Inviting, Elegant Master Bedroom Suite with Custom Fireplace and Relaxing Master Bath with Custom jet bubbled tub. These are truly 2 unique homes. Wonderful Beach Living with Patio Decks for you to Enjoy Star Gazing and Quiet, Peaceful Times at the Beach. This is your Own Private Oasis with a Sparkling Lighted Home Spa in your Designer Garden Yard. Additionally, there is a finished 2 Car Attached Garage with 2 sets of doors, 2 Car Carport and 2 Charging Stations (Tesla and Regular). A Rare Find here in Newport Beach. Just Steps to the Beach, Permit Parking available, close to shopping, restaurants, Beach trails, Biking and Award winning Schools. Welcome Home!!$6,795,000
Newport Beach 501 Park Avenue
THE PROPERTY: Welcome to your slice of paradise on Balboa Island in Newport Beach! This exquisite property offers an unparalleled opportunity to own a top-performing restaurant with two stunning apartments above, all completely rebuilt to perfection in 2015. THE RESTAURANT: Step into the heart of culinary excellence as you enter the spacious and inviting restaurant and bar area. Bathed in natural light pouring through large windows, this space exudes warmth and charm. With ample room for indoor and outdoor seating and a meticulously designed kitchen equipped with top-of-the-line appliances, it’s a dream canvas for creativity. THE LOCATION Situated in the heart of Balboa Island, this property enjoys a prime location in one of Newport Beach’s most coveted neighborhoods. Surrounded by quaint shops, charming cafes, and scenic waterfront vistas, residents and visitors alike are drawn to the vibrant energy and unparalleled beauty of this coastal community. With easy access to the Balboa Island Ferry, nearby beaches, and an array of recreational activities, the possibilities for adventure and relaxation are endless.$5,950,000
Newport Beach 1809 Bay Avenue
Zoned as a BAYFRONT TRIPLEX, but currently configured as a completely REMODELED 5-BD DUPLEX, this is a terrific opportunity to own a lucrative investment opportunity located directly on one of the most beautiful bay beaches of the Newport Peninsula & only one block from the crashing waves of the beach! Recently upgraded with renovated bathrooms, kitchens, carpet, lighting, and fresh paint, 1809 W Bay is turnkey and ready for immediate occupancy. The bright lower unit is approx 1,100sqft and offers 2-BD/2-BA. The spacious upper unit with vaulted ceilings and tons of natural light is approx 1,890sqft and offers 3-BD/2-BA + a sunroom (3rd bedroom currently configured as an open bonus room). The upper unit is being used as a combined owners unit but was previously separated as 2 units - this can be done again by adding a door as the property has 3 SEPARATE METERS and is zoned a TRIPLEX. A rare four car garage offers ample parking along with two separate laundry facilities. In addition, a duplex directly next door is also for sale (1811 W. Bay MLS ID# NP24123545) so there is an opportunity to purchase two bayfront properties side-by-side. 1809 W. Bay offers the potential for diverse income streams and the possibilities are limitless, making it an ideal investment not only for seasoned investors but also those seeking a bayfront Newport Beach property with mesmerizing harbor views both day and night. Easy to show!$4,995,000
Newport Beach 4015 Marcus Avenue
Welcome to 4015 Marcus Drive, a captivating property nestled in the heart of Newport Island in Newport Beach. This extraordinary residence boasts a private dock, granting you the privilege of harboring your very own Duffy or larger boat at your waterfront home. Picture the sheer joy of gliding along the pristine waters, watching sunsets, or immersing yourself in the picturesque allure of Newport Harbor at your leisure. More than a haven for a fantastic waterfront lifestyle, this property presents a lucrative investment opportunity. Comprising two separate remodeled and upgraded units totaling 5 bedrooms, it offers flexible options to generate income. Rent out one or both units monthly, establishing a steady stream of revenue. Alternatively, reside in one unit while leasing the other, relishing the comfort of home alongside an additional income source. For paddle boarding enthusiasts, the tranquil harbor presents an ideal canvas for indulging in this popular coastal activity, offering serene and inviting waters for your enjoyment. Newport Beach, renowned for its stunning coastline and vibrant social scene, sets the stage for a life of leisure and enjoyment. Immerse yourself in the thriving Newport Island community, where luxury yachts, waterfront residences, and a vibrant boating culture converge to create an unrivaled coastal experience. As you explore the area, discover the relaxed yet glamorous atmosphere prevalent in Newport Island, nearby Peninsula beaches, Lido Marina Village's upscale shopping, delectable dining options at Fashion Island, and many more along the coast.$4,995,000
Newport Beach 3912 River Avenue
Situated on one of Newport Beach’s most coveted corner bayfront lots, 3912 River is a contemporary duplex along the canal with a stunning private dock and boat slip. This timeless property offers an abundance of natural light via an array of skylights and large pane windows. Each unit offers bedrooms with en-suite bathrooms, a balcony off the primary suite, and an open kitchen with quartz countertops and stainless-steel appliances. The waterfront unit offers 3 bedrooms, 4 bathrooms and a living area complete with wood floors and a fireplace that leads to the gorgeous large patio/dock area. The second (street-side) unit hosts 2 bedrooms, 2 bathrooms, a fireplace in the living area, balconies, and both water and ocean views. This beautifully maintained property features the corner lot privacy of only one neighbor, two separate garages, and separate HVAC, utilities, and entrances for each unit. This waterfront opportunity is perfect for an owner-user or investor located 2 blocks from the beach and is in close proximity to the Newport Pier, Lido Village, 38th St Park, and Newport Beach’s finest dining and shopping.$4,995,000
Newport Beach 506 Oceanfront
$500,000 Price Reduction! Bring All Reasonable Offers for this Once in a lifetime opportunity! This asset is a once in a lifetime opportunity! Options to utilize it for your primary residence, 50% as your primary residence (since it's a legal duplex), and/or keep it fully in the rental pool generating income while having it accessible to use personally when vacant. Included in the sale, TWO highly coveted, transferable, active Short-Term-Lodging permits approved with the city. Buyer to verify all details for their intents and purposes. Located in the heart of the Balboa Peninsula on the Newport Beach Sand! Occupants can enjoy the immediate social life of the Bike Path & Volleyball Courts or a short stroll to the Surf Shops, Restaurants, Markets, and The Pier. Short term permits allow for approximate 16 occupants (buyer to verify) between the 2 units (Unit A, approximately 1333 sq ft.), a Three Bedroom Two Bath unit, and Unit B (approximately 1676 sq. ft), is a 4 bedroom 2 1/2 Bath. Special Note: Across the bike path from this asset, your resident's and their guest can enjoy access to a giant city parking facility. This asset has it ALL. Parking, Duplex, High Occupancy Potential, Income, Sand Location, Bike Path and immediate ocean/sand access. This is an heirloom asset that should not be overlooked! Other options to consider, park money here for your 1031 exchange? or lease it out to long term tenants? Opportunities are endless!$4,995,000
Newport Beach 1811 Bay Avenue
Bayfront Location! 1811 W. Bay is a BAYFRONT 6-BD DUPLEX with 4-car garage located directly in front of the serene, sandy bay beach of picturesque Marina Park! Owned by the same family for over 60 years, this is a fixer opportunity to make an original bayfront property your own; choose to rent out the existing 3-BD/2-BA units to maximize investment income, OR live in one unit and rent out the other, OR possibly even transform the entire 3,000sf property into your very own single-family bayfront home/two separate condos. The possibilities are endless and the property is an ideal candidate for a 1031 exchange. Combined income is approximated at $13,500/month. Short-term lodging is permissible, however, there is currently no active permit. In addition, another duplex located directly next door (1809 W Bay, MLS ID#NP24060094) is also currently for sale. If both are purchased together (not required) it makes an exceptionally rare opportunity to own TWO side-by-side bayfront properties. Very easy to show, call today for a private tour.$4,895,000
Newport Beach 6301 Seashore Drive
Discover this unique duplex property offering two mirror-image units, each spanning approximately 1,500 square feet of gracious interior living space just one parcel from the sand in West Newport Beach, each with their own 3 car garage. Spacious and keenly designed floorplans, each unit offers three bedrooms with a primary suite on the second level, two well-appointed bathrooms, private outdoor living and entertaining spaces on both levels. The open floor plan allows for a seamless flow throughout each home, while partial ocean views enhance the appeal of the 6301 unit. Each side boasts large storage areas centrally located within the duplex, providing additional space without compromising privacy—no shared walls between units. Every bedroom is equipped with a generous walk-in closet. This property stands out with a higher roof height than most neighboring homes and square footage that can not be duplicated with current building codes enhancing its spacious feel. Located in the highly desired West end of Newport Beach, this property offers easy access to PCH and is close to a variety of amenities, world class surfing, a nearby greenbelt, two pay parking lots, tennis courts, bike lanes, and well acclaimed restaurants. Endless possibilities await at this prime location. Don't miss out on this exceptional investment opportunity!$4,795,000
Newport Beach 1133 1133 West Balboa Blvd
Fantastic Peninsula,opportunity awaits you.Oceanside of Balboa Blvd. Located one house from the Ocean. Two separate Homes one on each floor. Each 3 Bd with 2Ba .Large fireplace in each unit. An abundance of outdoor living space. 3 decks upstairs and a Large patio downstairs. Large primary upstairs with walk in closet and additional closet. Spacious dressing area , double vanity with separate shower and toilet room. Both Kitchens recently have been remodeled. Vaulted ceilings with exposed beams Living room and primary upstairs. .Location is Perfect for an Incredable Beach experience. Great body surfing and board as well. Enjoy exquiste Sunrises and Sunsets. Excellent Parking Capacity 4 car spaces in garage with one additional carport space. Plenty of un- metered steet parking available. Property has Transferable Current Short term Lodging permit City of Newport Beach. Ocean peak view upstairs from bath & deck. This building has been loved, maintained and improved by current owners for over 34 years. Add a third floor for expanded Ocean views per city Building department approval. Lovely as Is Or utilize this property with endless possibilities to manifest youre Dream Home in Newport Beach. Contact James Hutton Alta Real Estate for showing.$4,395,000
Newport Beach 916 Balboa Boulevard
Immerse yourself in the ultimate coastal luxury with this brand-new duplex on the iconic Balboa Peninsula—a rare opportunity combining elegance and investment potential. Spanning approximately 1,823 SF, the front unit features three bedrooms, including one that opens onto a sunny deck. French oak flooring adds warmth and elegance throughout, while rift-cut white oak cabinets provide a sleek, modern touch. For culinary enthusiasts, the kitchen is a dream come true, boasting top-of-the-line stainless steel appliances, including a Thermador cooktop, custom cabinetry, and stylish Silestone countertops that perfectly combine elegance and durability. The secondary unit, with approximately 1,062 SF of open-concept living space, includes three bedrooms and a spacious rooftop terrace. This inviting guest suite or income opportunity mirrors the high-end finishes of the front unit, including stainless steel appliances and a Thermador cooktop in the kitchen. Outside, the stylish facade features a standing seam metal roof system. Glass sliding doors lead to the front patio and balcony, filling the interior with natural light. Combining contemporary design, top-tier finishes, and an ideal location, this property is perfect for homeowners and investors alike. Additional highlights include a 2-car garage, a spot below 100 on the short-term permit waiting list, and a premier location in the heart of Newport's vibrant beach, dining, and entertainment scene, making this a compelling investment opportunity.$4,249,000
Newport Beach 116 37th Street
Discover unparalleled Beachside Living in this Expansive Duplex. Ideal for luxurious coastal living, or an amazing investment opportunity. Builders, Investors, and Developers Must See! The downstairs unit has a total of 4 bedrooms, 3 baths, and direct garage access. The upper unit has 6 bedrooms, 4 bathrooms, and 3 fireplaces. Complete with a FOUR car garage. This property has endless possibilities. Enjoy the world-famous Newport Beach Ocean views, and stunning sunsets from the 3rd level rooftop deck. Embrace the coastal lifestyle situated only 3 houses from the sand.$4,125,000
Newport Beach 1321 Bay Avenue
Located in the heart of Newport Beach on the coveted Bay Avenue, this exquisite duplex offers the epitome of California beachside living with two beautifully designed units to accommodate various lifestyle needs. The home’s bottom unit presents a 3-bedroom, 3-bathroom layout, providing ample space for comfortable everyday living. Upstairs, you'll find another inviting 3-bedroom, 2-bathroom haven. Features include contemporary upgrades and sleek hardwood flooring throughout the common areas. French doors open up to a harbor-facing orientation, inviting the refreshing coastal breeze indoors and a peek-a-boo view of the water. Retreat to the spacious primary suite complete with private fireplace, walk-in closet and oversized soaking tub. Entertain in style on the expansive rooftop deck while enjoying ocean, harbor, mountain and city-light views. Both units feature thoughtfully designed layouts with an emphasis on functionality and style. Just out the front door is Newport Harbor’s glistening bay and beach ready for biking, paddle boarding, boating surfing or vacation-style beach days lounging in the sun. Hop on the nearby Ferry for quick access around Newport’s finest restaurants, shopping and social delights. Whether you're seeking a primary home, a vacation getaway, or an investment opportunity, this duplex offers versatility and sophistication in equal measure.$3,895,000
Newport Beach 219 Bay Avenue
Beach Duplex with transferrable SHORT-TERM RENTAL LICENSES for both units, located on a CORNER LOT in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset at the T of Coronado Street with an unobstructed view of the bay - must see view to appreciate! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio facing the bay, and the top level has 3 bedrooms, 2 baths, with a large deck facing the bay. A buyer can inquire with the city about adding a third level for additional ocean views, similar to many neighboring properties, and for the updated ADU - Accessory Dwelling Unit guidelines. This can be a family beach home with 2 units, income property, short-term rental property, or combination. Both units have fireplaces, beautiful open kitchens, parking in the enclosed garage, overhead storage space in garage, and plenty of unmetered on-street parking. The upstairs home has a grand primary bedroom suite, and an additional second stairway and entry door in rear of home. Additional amenities include custom built-in storage throughout, open beam ceilings, and outdoor patios. 219 E Bay Avenue is Southern California beach living at its finest, with the world-famous Newport Beach Harbor one block to the North for boating, sailing, and other water sports, and expansive sandy beaches, just a few houses away to the South, for surfing, beach walks and leisurely days. Many yacht clubs are in Newport Harbor, for terrific social connections, and there are endless restaurant options. This property has been meticulously maintained by the same owners for over 25 years, including a new roof in 2020. Your new home will have all of the advantages of beach living in one of the world's most sought-after locations! (Note that the short-term rental licenses are for 7 occupants in the 3-Bedroom/upstairs unit, and 5 occupants in the 2-Bedroom/downstairs unit, for a total of 12 occupants.)$3,750,000
Newport Beach 603 Balboa Boulevard
Welcome to 603 E Balboa Blvd, a newly-renovated, exceptional mixed-use investment property located in the heart of Newport Beach, California. This three-story building boasts a strategic combination of commercial and residential spaces, offering an exciting investment opportunity. The 560 sqft~ ground floor of this property is zoned for retail use, providing an excellent opportunity for businesses looking to establish a presence in a bustling coastal community. With generous street frontage, this space offers unparalleled visibility and access to a high-traffic area, making it an attractive prospect for entrepreneurs and retailers. The upper two floors of 603 E Balboa Blvd are zoned for residential use and offer captivating views of the beach. The property also features two viewing decks with stunning ocean, bay and city light views. Situated in a highly walkable neighborhood, just moments from top-notch dining and the iconic Balboa Pier, this property offers a distinctive opportunity for both savvy investors and ambitious entrepreneurs looking to seamlessly integrate business and residence.$3,700,000
Newport Beach 507 29th Street
Iconic, mixed-use 2-unit building located in Newport Beach’s popular Cannery Village. This Mediterranean-style property offers one residential unit and one commercial office/retail space. Upstairs you will find an extremely large residential unit consisting of 4 bedrooms, 3 of which are en suite, and 3.5 bathrooms. THIS RESIDENTIAL UNIT HAS A SHORT-TERM LODGING PERMIT and is currently being used as a short-term rental. It is a generous 2,117 square feet and boasts peek-a-boo water views of the harbor from the living room and large front sundeck. Updated and remodeled throughout with thoughtfulness to preserve some of the original elements of the vibrant property. A perfectly placed center atrium brings an abundance of natural light into the center of the home. Vaulted ceilings, skylights, and open spaces give a sense of vastness. There is a laundry room conveniently located in the hallway. The primary bathroom has an oversized operable skylight that can be opened for natural air circulation. This residential unit has 2 dedicated garage spaces that are tandem parked. Downstairs you will find a versatile commercial office/retail space that is approximately 1,000 square feet. There is a dedicated bathroom for the commercial space and in the rear, you will find 4 car parking with easy access off the alley. It is currently leased as office space at $3,200 per month with the end of the lease term in mid-June, 2025. You cannot ask for a better location! Centrally located in the heart of the Balboa Peninsula within the charming Cannery Village. The oversized lot size of this property is slightly wider than the typical 30-foot-wide standard lot size found in this area. Most of the mixed-use properties located nearby have a live/work deed restriction that requires the same owner to occupy the residential unit as well as run the downstairs commercial business. This property does NOT have that deed restriction. This means that each unit can be occupied by a completely separate and independent party. Note: The Seller would like to do Seller-Financing for qualified Buyers on terms that are favorable and agreeable to all parties.$3,695,000
Newport Beach 210 Grant St
Welcome to 210 Grant St, a luxury Duplex in highly coveted Newport Beach. Nestled perfectly between the Canal and Pacific Ocean. This property has been exquisitely remodeled and completely upgraded over the last year and a half. Meticulous care went into every detail. Two units, each with 3 bedrooms and 2 bathrooms. Upstairs unit B is the premiere unit, boasting a larger footprint, soaring vaulted ceilings with lots of sky lights, tons natural light, wood beamed ceilings throughout and an oversized back deck. This unit also features ocean and canal views from some of the kitchen & living room windows. Think sunset views and ocean breezes! Both units are highlighted with open floorplans for the kitchens, living rooms and dining rooms. The kitchens feature big islands with barstool eating area, quartz counter tops, new high-end stainless-steel appliances, pendant lighting and soft close cabinets. All bathrooms have quartz counter tops and smart mirrors. The primary bathrooms also feature large glass enclosed showers, dual sinks and smart toilets. Other upgrades are luxury vinyl flooring throughout, ceiling fans in every bedroom, new dual pane windows, new PEX piped plumbing, new exterior stucco siding and insulation, added interior insulation and sound barrier between levels, laundry relocated from garage to the interior of each unit, new washer/dryers, new front patio cement, new vinyl fences & no HOA fees. Both units have their own separate 1 car garage each with alley access. Primly located just across PCH from one of Newport’s best beaches and surf spots. Larger than most others in the area, this beach gives you ample space to post up, relax, tan, play volleyball or enjoy the cooling waters of the Pacific Ocean. Only a few steps to the Canal where you can enjoy paddle boarding or kayaking. Walking distance to multiple great neighborhood restaurants, coffee shops & Frog House Surf Shop. Just a short distance to all the rest that Newport Beach has to offer, including the beautiful harbor for boating and sailing, bay front dining establishments, Lido Marina Village, Cannery Village, Hoag Hospital and is in the award-winning Newport Unified School District. This remodel was not intended to be a flip, the owner originally planned to live in it. So extra time and care was taken with the work that was done. This is a great investment opportunity, rent out both units or live in one and rent out the other. Don’t miss out.$3,600,000
Newport Beach 219 32nd Street
Situated in one of the best locations in the exclusive Newport Beach Balboa peninsula. Both units have been remodeled. The lower unit features 2 bedrooms on the first floor and the master bedroom on the second floor, 2 bathrooms and a front Patio, in-unit washer dryer and 2 car garage parking space. Upper unit Features 3 bedrooms, 2 bathrooms and a balcony and 2 car garage parking space. Both units have their own fireplaces in the living room, Located near the beach, shops, restaurants, bike paths, and all that beach city living has to offer.$3,595,000
Newport Beach 1532 Miramar Drive
Steps to the beach and the bay on Balboa Peninsula Point, this triplex sits in one of the most coveted locations of Orange County. The charming, one way street is quiet and private. Walk or ride bikes to favorite Balboa shops, cafes, and restaurants. Hit the surf or hop on a boat in minutes. The residential income property features three units: Unit C offers three bedrooms and a large deck, Unit A offers two bedrooms and one bathroom, and Unit B offers two bedrooms and two bathrooms with an enclosed patio off of the living area. Laundry rooms in each unit. Two garages in the building: one car garage and a two car garage. Total of 7 bedrooms, 5 bathrooms in the building. Do not miss this opportunity to own in this prestigious community!$3,500,000
Newport Beach 205 40th Street
Investment opportunity nestled on the Peninsula in Newport Beach, this meticulously maintained duplex features a two-story front unit with 3 bedrooms and 2.5 baths, a two car garage for parking and an office/den. Recently upgraded with gleaming hardwood floors, remodeled bathrooms, plush new carpet in bedrooms, and stylish finishes throughout, the front unit exudes modern comfort. The rear unit, situated upstairs above the garage and carport, offers 2 bedrooms, two full baths, a spacious living area, its own convenient laundry hookup, and a tandem carport. Renovations completed in the last five years include a new underground sewer system for both units, upgraded interior plumbing, and new electrical systems with updated panels, switches, and outlets. Extensive exterior and interior woodwork on windows and doors, new garage door, and refinished wood flooring and paneling further enhance the property's appeal. Presented in turnkey condition, this property showcases pride of ownership at every turn. This is a must see for those that are looking for a quality investment property and for those that might want to live in the front and rent out the back.$3,100,000
Newport Beach 4405 Channel Place
This property comes with a transferable valid short-term rental license, giving you the flexibility to enjoy it whenever you desire and rent it out at your convenience. Located at 4405 Channel Place, this stunning home is fully furnished and equipped with everything you need, including furniture, artwork, accessories, patio furniture, televisions, and even solar panels. It's ready for immediate occupancy and income generation! This property is an ideal investment for those dreaming of a vacation home. With a transferable short-term rental permit, located in the picturesque Newport Beach, it presents exceptional income opportunities along the beautiful Southern California coast. Just a gentle sea breeze away from the beach and newly built in 2017, this Balboa Peninsula treasure emerges as a beacon of coastal elegance in the heart of Newport Beach, California. This fully furnished, turnkey sanctuary unfolds over three levels, offering three luxurious bedrooms, a versatile loft, and three sumptuous bathrooms. Accompanied by a single-car garage and additional covered parking, it's the rooftop terrace that truly captivates, delivering panoramic views that promise the pinnacle of relaxation and high-end entertainment. With architectural mastery at its core, the home features towering, vaulted ceilings, and grand windows that capture the radiant California sunshine, accentuating the spacious, open-plan living areas dressed in sophisticated, neutral tones. The luxury underfoot is tangible with wide-plank white oak floors, complemented by the grace of stylish pendant lighting from above. Stainless steel cable railings add a contemporary touch, leading residents through the vertical expanse of this refined urban retreat. The kitchen is a chef’s dream, resplendent with pristine white quartz countertops, a spacious island poised for entertaining, the finest stainless-steel appliances, and sleek European cabinetry. The primary suite is a secluded haven with a spa-inspired bathroom, featuring dual vanities, an expansive walk-in shower, a lavish soaking tub, and a generous walk-in closet. Sustainable living is embraced here, with solar panels fully paid for in 2018 and an exceptional Airbnb license, adding remarkable value in Newport Beach. The home’s allure includes recessed lighting, central heating, and air conditioning, with the added luxuries of a built-in wine refrigerator and a chic custom backsplash.$2,995,000
Newport Beach 122 29th Street
Coastal Retreat and investment opportunity in Newport Beach! Discover the epitome of coastal living at 122 29th St. nestled in the heart of Newport Beach. Situated just steps away from the pristine sands of Newport Beach, this triplex embodies the quintessential Southern California lifestyle. Enjoy outdoor living at its finest with a private patio, perfect for al fresco dining and entertaining guests amidst the gentle sound of nearby waves. Located in a desirable neighborhood known for its charming atmosphere and proximity to local shops, restaurants, and recreational activities. Convenient access to major highways and nearby airports for easy travel. 122 29th St represents a rare opportunity to own a coastal triplex in one of Newport Beach's most sought-after locations.$2,895,000
Newport Beach 212 Orange Street
**Newport Beach Duplex Opportunity!**Located in the highly sought-after "Newport Shores" community in Southern California, this duplex has been updated in recent years and offers exceptional value. Featuring two beautifully designed units, this property is an ideal investment. The first unit is a 3-bedroom, 2-bathroom space, while the second unit comprises 2 bedrooms and 1 bathroom. The property includes a 2-car garage, a carport, and shared laundry facilities. Both units boast spacious, open floor plans filled with natural light and a refreshing ocean breeze. The 3-bedroom unit features a large balcony at the back and another at the front, providing ample sunlight and outdoor enjoyment. The 2-bedroom unit has a sliding glass door at the front, offering lots of light and access to cool ocean breezes. Well-maintained with longstanding tenants, the property offers the following rental details: - **Lower Unit (A)**: 2 bed / 1 bath updated several years ago, currently rented at $2,800/month (underperforming). - **Upper Unit (B)**: 3 bed / 2 bath, recently remodeled, currently rented at $3,600/month (underperforming). This is a fantastic chance to invest in a fully occupied duplex in the desirable "Newport Shores" neighborhood. Tenants will enjoy the Southern California lifestyle, with easy access to beaches, surfing, paddleboarding, boating, and biking.$2,299,000
