2711 W Balboa Boulevard
2711 W Balboa Boulevard
2711 W Balboa Boulevard
2711 W Balboa Boulevard
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2711 W Balboa Boulevard
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2711 W Balboa Boulevard
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2711 W Balboa Boulevard
2711 W Balboa Boulevard
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2711 W Balboa Boulevard
2711 W Balboa Boulevard
Sold

2711 W Balboa Boulevard

2711 W Balboa Boulevard, Newport Beach, CA 92663

$3,325,000
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.

2,474 Sq.Ft. LIVING AREA

2,178 Sq.Ft. lot

Tyler Brown

Tyler Brown

Features & Amenities

Interior

  • Laundry room Electric Dryer Hookup, Gas Dryer Hookup, In Garage
  • Flooring Vinyl
  • Fireplace None
  • APPLIANCES Dishwasher, Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator
  • other interior Features Beamed Ceilings, Built-in Features, Balcony, Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting, Tile Counters, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)

Area & Lot

  • Status Sold
  • Living Area2,474 Sq.Ft.
  • Lot Area2,178 Sq.Ft.
  • MLS® IDNP23179029
  • TypeMulti-Family
  • YEAR BUILT1972
  • NeighborhoodBalboa Peninsula
  • Water Frontage['Ocean Side Of Freeway', 'Ocean Side Of Highway']
  • View DescriptionNeighborhood

Exterior

  • STORIES2
  • Garage Space2.0
  • water SourcePublic
  • PoolNone
  • lot featuresPaved
  • HEAT TYPEForced Air
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • other exterior FeaturesBarbecue

Financial

  • Sales Price$3,325,000
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Balboa Peninsula

33.6078° N, 117.9241° W

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