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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,959 sqft
Price per Sqft $2,026
MLS Listing ID PW-26233559
Style See Remarks
Year Built 1963
Lot Size 3,598 Sqft
Property Sub-Type Duplex
Source California Regional Multiple Listing Service (CRMLS)
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
Interior
Interior Features Ceiling Fan(s), Cathedral Ceiling(s), Balcony, Living Room Balcony, Open Floorplan, Stone Counters
Heating Central
Flooring Vinyl, Wood
Fireplaces Type None
Inclusions Furniture, artwork, appliances, beach chairs and bicycles in as-is condition (less personal items)
Laundry Individual Room, Washer Included
Exterior
Exterior Feature Lighting
Parking Features Attached Carport
Pool None
Community Features Biking, Curbs, Sidewalks, Street Lights
Utilities Available Sewer Connected, Water Connected, Other, Cable Connected, Electricity Connected, Phone Available
View Y/N Yes
View Ocean
Building
Lot Description Park Nearby
Sewer Public Sewer
Nearby Locations
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900