Open House
Sat Oct 31, 1:00pm - 3:30pm
Sun Nov 01, 1:00pm - 3:30pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID PW26233559
Construction Status Turnkey
HOA Y/N No
Year Built 1963
Lot Size 3,598 Sqft
Property Sub-Type Duplex
Property Description
The first-floor residence features two bedrooms and one bathroom, while the second-floor residence offers three bedrooms and two bathrooms. Each has its own kitchen, living room and dining area, providing flexibility for vacation rentals, personal use or gathering family and friends with space and privacy.
Bright interiors and tasteful renovations create a relaxed, welcoming atmosphere throughout both residences. Modern kitchens feature stainless steel appliances, wine refrigerators and islands with bar seating. Comfortable living and dining areas connect with inviting outdoor spaces, including an upper deck, a generous lower patio and an outdoor fire pit with built-in seating. From morning coffee to outdoor dining after a day at the beach, the property is designed to make the most of its coastal location.
Two assigned parking spaces, one for each residence, make it easy to arrive, park and walk. The sand, surf and oceanfront boardwalk are close by, along with neighborhood restaurants, cafés and shopping. Enjoy bike rides along the Peninsula, dining near Newport Pier and exploring the boutiques and waterfront restaurants of nearby Lido Marina Village.
Currently managed by AvantStay, the residences may be rented individually or together. Enjoy one while renting the other, bring both together for personal use, or continue operating the property as a vacation rental investment. The approximate cap rate is 4.2%, excluding potential rental income from owner-reserved weeks and other projected income increases.
Short-term rental permits: SLP13962 and SLP13963. Buyer to verify all property information, rental financials, operating expenses, permit status and transferability.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Other Rooms Storage
Interior
Interior Features Balcony, Ceiling Fan(s), Cathedral Ceiling(s), Open Floorplan, Stone Counters, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Vinyl, Wood
Fireplaces Type None
Inclusions Furniture, artwork, appliances, beach chairs and bicycles in as-is condition (less personal items)
Fireplace No
Appliance Dishwasher, Gas Cooktop, Gas Oven, Microwave, Washer
Laundry Laundry Room
Exterior
Exterior Feature Lighting
Parking Features Attached Carport
Carport Spaces 2
Fence Good Condition
Pool None
Community Features Biking, Curbs, Street Lights, Sidewalks, Park
Utilities Available Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Water Connected
View Y/N Yes
View Ocean
Roof Type Asphalt
Accessibility Other
Total Parking Spaces 2
Private Pool No
Building
Lot Description Near Park
Faces South
Story 2
Entry Level Two
Foundation See Remarks
Sewer Public Sewer
Water Public
Architectural Style See Remarks
Level or Stories Two
Additional Building Storage
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 42332212
Security Features Carbon Monoxide Detector(s)
Energy Description 1.0
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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