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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$3,995,000

Est. payment - /mo

5 Beds

3 Baths

2,561 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID LG26166425

Bedrooms 5

Lot Size 2,561 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Exceptional Balboa Peninsula Duplex Steps from the Ocean and Bay! A rare opportunity to own an income-producing duplex on one of Newport Beachs 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 appealideal 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 locationclose to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferrythis duplex enjoys consistent tenant demand and strong year-round occupancy. Newport Elementary is a mere 1 block away pe

Location

State CA

County Orange

Zoning Assessor

Direction 16th X Balboa

Interior

Fireplace No

Exterior

Utilities Available Sewer Connected

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 04721102

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Sean Jarne, DRE#01447010 First Team Real Estate

Nearby School & Business

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

1527 W Balboa Newport Beach, CA 92663

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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