3206 W Balboa Boulevard, Newport Beach, CA 92663

$2,995,000

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List Price
$2,995,000
Status
ACTIVE UNDER CONTRACT
MLS#
LG26144824
Year Built
1972
Lot Size
2,034
Acres
0.05
Lot Location
Corner Lot
Days on Market
24
Property Type
Multifamily
Property Sub Type
Duplex
Stories
Two Levels
Neighborhood
Central Newport (Cnew)

Property Description

Just one block from the sand and some of Newport Beach's most iconic beaches, this exceptional duplex presents a rare opportunity to own an income-producing property in one of the Peninsula's most sought-after locations. Offering the perfect blend of investment potential and an unbeatable coastal lifestyle, this property is ideally suited for investors, owner-users, or those seeking a premier beach-close asset with significant upside. The side-by-side residences feature spacious, functional floor plans designed to embrace easy coastal living. One unit offers three bedrooms and two bathrooms, while the second residence features two bedrooms and two bathrooms. Each home enjoys an abundance of natural light, inviting living spaces, and sliding glass doors that capture the refreshing ocean breezes synonymous with life on the Peninsula. Perfectly positioned within walking and biking distance of Newport Beach's most desirable destinations, residents can enjoy effortless access to the beach, the harbor, Cannery Village, Lido Marina Village, Lido House Hotel, the Pavilions shopping center, acclaimed restaurants, charming cafés, and boutique shopping. Whether spending the day surfing, boating, dining on the waterfront, or exploring everything the Peninsula has to offer, this location embodies the very best of Southern California coastal living. With strong rental demand, an exceptional walkable location, and the tenant expressing interest in remaining, this is a rare opportunity to acquire a well-positioned duplex in one of Newport Beach's most coveted beachside neighborhoods. Properties of this caliber and location are seldom available, making this an outstanding opportunity to invest in the Peninsula lifestyle while benefiting from long-term income potential.

Additional Information

Appliances
Dishwasher, Electric Oven, Electric Range
Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s)
Attached Structure
Attached
Number Of Units Total
2
Gross Scheduled Income
$198,000
Operating Expense
2200

Listing courtesy of Listing Agent: Christopher Sirianni (csiriannire@gmail.com) from Listing Office: Coldwell Banker Realty.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.