204 Balboa Boulevard, Newport Beach
Newport Beach Home For Sale
Reduced for quick Sale! Location, Location, Location! ! Steps to Beach & Bay! WITH TRANSFERRABLE SHORT-TERM RENTAL PERMIT. Don't miss this rare opportunity to own a turn-key, high-demand, short-term rental business and.vacation home, ideally located at center of the Balboa Peninsula, steps to one of the best beaches in Southern California and beautiful Balboa Bay! Use this duplex for two short-term rental units for high revenue and profit. Or live in one and rent the other for income! There’s a bonus studio apartment with a separate entrance for extra living space. Nestled between the harbor and the coast, a short walk to Main Street, the Balboa Pier and Fun Zone, and only one block to the famous Balboa Peninsula Beach and boardwalk, it’s the perfect stay for short- or long-term. This property has averaged $150K in gross revenue annually for the last three years, not including the bonus studio apartment used for family and friends. Looking for a great business? Your calendar is constantly filled with high-quality short-term renters and consistently positive reviews. Looking for retirement lifestyle? You’ll be steps away from restaurants, shops, services, the Balboa Island Ferry, and the “beach life” you dream of. The three-bedroom, two-bath apartment with a recently updated bathroom upstairs includes indoor and outdoor front and back porches. Downstairs is a two-bedroom, one-bath with a recently updated kitchen and bathroom. Both apartments have new (2023) split-system HVAC (an essential feature for short-term rentals). The studio has a separate side entrance. A two-car garage and a carport give three spaces for off-street parking. The surrounding streets have ample unmetered street parking when needed for additional guests.
Property Details
Additional Information
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- City:
- Newport Beach
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- County:
- Orange
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- Zip:
- 92661
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- MLS® #:
- OC24117477
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- Bedrooms:
- 6
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- Bathrooms:
- 4
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- Lot Size:
- 0.06
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- Neighborhood:
- Balboa Peninsula (Residential) (BALP)
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- Levels:
- Two
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- Garages:
- 2
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- HOA Dues:
- $
Price Change History for 204 Balboa Boulevard, Newport Beach, (MLS® #OC24117477)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending (from Active) | – | – | |
| Price Reduced (from $2,988,000) | $2,800,888 | $187,112 (6.26%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 13th, 2024 at 4:45am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.