REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ernie Caponera

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

$5,795,000

Est. payment - /mo

5 Beds

5 Baths

3,002 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,002 sqft

Price per Sqft $1,930

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID OC26118742

Bedrooms 5

Full Baths 2

Three Quarter Bath 3

HOA Y/N No

Year Built 1965

Lot Size 3,049 Sqft

Property Sub-Type Duplex

Property Description

Experience oceanfront living on the Balboa Peninsula with this duplex ideally positioned just steps from the sand in Newport Beach. With amazing Catalina Island, Ocean, and Pier views, along with Coastal breezes and a highly walkable location, the property provides convenient access to nearby Lido Village, the Newport Pier, Balboa Pier, Balboa Fun Zone, Balboa Island Ferry, waterfront dining, shopping, and local coastal attractions. This area is positioned among the closest residential neighborhoods to the ocean on the Peninsula.

The property also presents potential future upside with zoning allowing for a third level and/or mixed-use configuration, subject to city approval and Buyer verification. Also appealing to investors seeking short-term lodging opportunities, subject to required permits, and currently represents one of the most attractive price-per-square-foot opportunities among oceanfront residential income properties on the Peninsula.

Remodeled with a new roof and updated interiors featuring modern finishes, the residence offers a flexible layout suited for personal use, rental income, or a combination of both. Large windows and sliding glass doors bring in abundant natural light while capturing water and pier views from multiple living areas. Outdoor spaces include a balcony on each level and a private rear patio designed for indoor-outdoor entertaining.

First Floor Unit: Open-concept living area with kitchen and balcony, featuring 3 bedrooms and 2 bathrooms.
Second Floor Unit: Open-concept living area with kitchen, balcony, and rear patio, featuring 2 bedrooms and 3 bathrooms.

Each unit includes an attached garage, additional parking space, indoor laundry, and storage.

Nearby amenities include surfing, paddleboarding, boating, yacht charters, biking paths, Fashion Island, Crystal Cove State Park, and the vibrant Newport Harbor lifestyle. Whether used as a second home, income property, or long-term investment, this duplex offers a rare opportunity in one of the Peninsula's most desirable oceanfront locations. Rear Patio furniture and third-level addition shown are renderings for illustration purposes only.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 2

Interior

Interior Features Balcony, Open Floorplan, Recessed Lighting, Storage

Heating Central

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Oven

Laundry Electric Dryer Hookup, Inside

Exterior

Parking Features Covered, Door-Multi, Direct Access, Driveway, Garage, Paved, Garage Faces Rear, One Space

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Biking, Storm Drain(s), Street Lights, Sidewalks

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

Waterfront Description Across the Road Water Frontage,Beach Access,Ocean Side Of Freeway,Ocean Side Of Highway

View Y/N Yes

View Coastline, Ocean, Panoramic, Pier, Water

Total Parking Spaces 4

Private Pool No

Building

Lot Description Street Level

Dwelling Type Duplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04714327

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Edward Rodriguez Real Broker 949-280-8610, DRE #01217865

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

2212 W Oceanfront Newport Beach, CA 92663