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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$2,695,000

Est. payment - /mo

4 Beds

2 Baths

1,451 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,451 sqft

Price per Sqft $1,857

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID PW26061061

Bedrooms 4

Full Baths 2

Construction Status Additions/Alterations

HOA Y/N No

Year Built 1953

Lot Size 2,178 Sqft

Property Sub-Type Duplex

Property Description

Rare Newport Beach duplex opportunity at 213 33rd Street, just steps from the sand on the Balboa Peninsula. Built in 1953 with the upstairs unit added in 1960, this property has been owned by the same family since it was originally constructed. The duplex features two units, each with two bedrooms and one bathroom in very similar floor plans, providing a versatile layout ideal for investors or owner-occupants looking to offset their mortgage with rental income. The downstairs unit measures approximately 737 square feet and is a standalone space with no shared walls with the upper unit, offering a true sense of privacy along with a roughly 203 square foot patio with convenient sidewalk access. The upstairs unit is approximately 616 square feet, sits above the large garage, and features a spacious 254 square foot front deck with elevated views and natural light. Both units have copper plumbing and the underground sewer line has been relined. Both units will be delivered vacant at close of escrow, giving the buyer a clean slate to execute their vision from day one. The property carries a long history of rental income, and the units are clean and show well. A buyer can rent immediately to generate income while planning a future renovation, fully renovate both units to command premium rents in one of the most desirable coastal markets in Southern California, or even explore converting the property to a single-family residence. The oversized 565 square foot two-car garage includes laundry hookups, and additional off-street parking accommodates a full-size SUV in front of the garage door in the alley. What truly sets this property apart is the location. The Balboa Peninsula is one of the most vibrant and walkable communities in Orange County, where residents can stroll to the beach, grocery stores, shopping, restaurants, and entertainment without ever needing a car. This is a lifestyle location with year-round appeal that drives consistent tenant demand and long-term value appreciation. Properties like this rarely come to market, and the combination of a flexible floor plan, vacant delivery, and an unbeatable walkable coastal setting make this duplex an exceptional opportunity for the buyer ready to put their stamp on a prime piece of Newport Beach real estate.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Other Rooms Two On A Lot

Main Level Bedrooms 4

Interior

Interior Features Beamed Ceilings, Eat-in Kitchen, Tile Counters, Bedroom on Main Level

Heating Wall Furnace

Cooling None

Flooring Tile

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Range Hood, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup, In Garage

Exterior

Parking Features Door-Single, Driveway, Garage, Garage Door Opener, Garage Faces Rear

Garage Spaces 2.0

Garage Description 2.0

Fence Block

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks, Urban, Water Sports

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Waterfront Description Beach Access

View Y/N Yes

Roof Type Bitumen,Elastomeric,Membrane,Rolled/Hot Mop,Tar/Gravel

Accessibility None

Porch Concrete, Deck, Open, Patio

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre, Value In Land, Walkstreet

Dwelling Type Duplex

Faces Southeast

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Custom, See Remarks

Level or Stories Two

Additional Building Two On A Lot

New Construction No

Construction Status Additions/Alterations

Schools

Elementary Schools Newport

Middle Schools Horace Ensign

High Schools Newport Harbor

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 42335217

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash to New Loan, Submit

Listing Terms Cash to New Loan, Submit

Special Listing Condition Standard

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Listed by Michael Benner Tandera, Inc. mike@tandera.com, DRE #01883321

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

213 33rd ST Newport Beach, CA 92663