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Ernie Caponera

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

$3,995,000

Est. payment - /mo

2,561 Sqft Lot

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Open House

Fri Aug 14, 10:00am - 12:00pm

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID LG26166425

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1946

Lot Size 2,561 Sqft

Property Sub-Type Duplex

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 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

Interior

Heating Wall Furnace

Cooling None

Flooring Wood

Inclusions None

Fireplace No

Appliance Gas Oven, Gas Range

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Exterior Feature Barbecue

Parking Features Garage Faces Rear

Garage Spaces 1.0

Garage Description 1.0

Fence Block

Pool None

Community Features Curbs, Street Lights, Sidewalks

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

Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway

View Y/N Yes

View Bay, Landmark, Ocean, Panoramic, Peek-A-Boo, Water

Roof Type Composition,Shingle

Total Parking Spaces 1

Private Pool No

Building

Lot Description Rectangular Lot

Faces East

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer, Sewer Tap Paid

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 04721102

Security Features Carbon Monoxide 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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Listed by Sean Jarne First Team Real Estate sean@jarnerealty.com, DRE #01447010

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"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

1527 W Balboa Newport Beach, CA 92663

Ernie Caponera

Open House

Key Details

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Interior

Exterior

Building

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1527 W Balboa