1527 W Balboa Newport Beach, CA 92663
5 Beds
3 Baths
2,000 SqFt
Open House
Fri Aug 14, 10:00am - 12:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,997
MLS Listing ID LG26177551
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1946
Lot Size 2,561 Sqft
Lot Dimensions Assessor
Property Sub-Type Duplex
Property Description
Beach's most desirable streets, just 50 feet from the sandy beach, 100 feet from Marina park and 300 feet from the Newport pier. Perfect for owner
users / investors seeking strong returns, flexible rental options, and long-term appreciation. This fully upgraded property includes two beautifully maintained units, each with its own outdoor patio, modern finishes, and private laundry. The front house (2 bedrooms | 1 bathroom) has a large
elevated outdoor patio with a waist high block wall enclosing it for privacy. It is currently occupied on a month-to-month lease, providing
immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired. The Back House (owners
unit) – 3 Bedrooms | 2 Bathroom | Remodeled kitchen - A bright and inviting back home featuring an open living area open to the upgraded
kitchen, detached indoor laundry room, and storage area/garage with an extra parking space behind. The property also boasts a large private
enclosed patio perfect for entertaining or maximizing tenant appeal—ideal for professionals, couples, or as a premium vacation rental. Both units
are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable location—close to Balboa Pier,
Balboa Village, the Fun Zone, and the iconic Balboa Ferry—this duplex enjoys consistent tenant demand and strong year-round occupancy. Newport
Elementary is a mere 1 block away perfect for families with kids. Immediate income – Front unit is occupied on a month to month lease. Prime
location – short walk to sand, surf, and bay. High rental potential–flexible use for long-term, short-term, or owner-occupied investment. Rare
Peninsula find – upgraded and well maintained. Whether you're an investor expanding your portfolio or a buyer seeking a beach side income
property with exceptional upside, 1527 W. Balboa Blvd is the one to see. Invest where everyone wants to stay—and earn while you plan your next move. Directly across the street, you'll find the marina and Marina Park, complete with its iconic lighthouse, creating picturesque bay views from
the property. Enjoy an unbeatable location where both the beach and bay are just steps away, with endless opportunities for boating,
paddleboarding, dining, and the quintessential Newport Beach lifestyle.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Zoning r2
Rooms
Main Level Bedrooms 2
Interior
Interior Features Breakfast Bar, Ceiling Fan(s), Crown Molding, Separate/Formal Dining Room, Granite Counters, High Ceilings, Recessed Lighting
Heating Wall Furnace
Cooling None
Flooring Wood
Fireplaces Type None
Inclusions Appliances
Fireplace No
Appliance Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Exterior
Exterior Feature Barbecue
Parking Features Concrete, Door-Single, Garage, Garage Door Opener, Other, Paved, Garage Faces Rear, Uncovered
Garage Spaces 1.0
Garage Description 1.0
Fence Average Condition, Block, Wood
Pool None
Community Features Curbs, Fishing, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Water Sports
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View Bay, City Lights, Park/Greenbelt, Marina, Ocean, Panoramic, Water
Roof Type Composition
Accessibility Accessible Doors, Accessible Entrance
Porch Rear Porch, Concrete, Front Porch, Open, Patio, Stone
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Duplex
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Cottage
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Turnkey
Schools
Elementary Schools Newport
Middle Schools Ensign
High Schools Newport Harbor
School District Newport Mesa Unified
Others
HOA Name none
Senior Community No
Tax ID 04721102
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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