204 E Balboa Boulevard, Newport Beach, CA, 92661

  • $2,988,000
  • $2,988,000
204 E Balboa Boulevard , Newport Beach, CA 92661
Active For Sale
204 E Balboa Boulevard , Newport Beach, CA 92661
  • $2,988,000
  • $2,988,000

Description

Location, Location, Location! ! Steps to Beach & Bay! WITH TRANSFERRABLE SHORT-TERM RENTAL PERMIT. Don’t miss this rare opportunity to own a turn-key, high-demand, short-term rental business and.vacation home, ideally located at center of the Balboa Peninsula, steps to one of the best beaches in Southern California and beautiful Balboa Bay! Use this duplex for two short-term rental units for high revenue and profit. Or live in one and rent the other for income! There’s a bonus studio apartment with a separate entrance for extra living space. Nestled between the harbor and the coast, a short walk to Main Street, the Balboa Pier and Fun Zone, and only one block to the famous Balboa Peninsula Beach and boardwalk, it’s the perfect stay for short- or long-term. This property has averaged $150K in gross revenue annually for the last three years, not including the bonus studio apartment used for family and friends. Looking for a great business? Your calendar is constantly filled with high-quality short-term renters and consistently positive reviews. Looking for retirement lifestyle? You’ll be steps away from restaurants, shops, services, the Balboa Island Ferry, and the “beach life” you dream of. The three-bedroom, two-bath apartment with a recently updated bathroom upstairs includes indoor and outdoor front and back porches. Downstairs is a two-bedroom, one-bath with a recently updated kitchen and bathroom. Both apartments have new (2023) split-system HVAC (an essential feature for short-term rentals). The studio has a separate side entrance. A two-car garage and a carport give three spaces for off-street parking. The surrounding streets have ample unmetered street parking when needed for additional guests.

  • Address 204 E Balboa Boulevard
  • City Newport Beach
  • State/county CA
  • Zip/Postal Code 92661
  • Area Balboa Peninsula (Residential) (BALP)

Details

Updated on June 15, 2024 at 10:45 am
  • Property ID: OC24117477
  • Price: $2,988,000
  • Land Area: 0.0621 Acres
  • Year Built: 1979
  • Property Type: Duplex
  • Property Status: Active

Additional details

  • PropertySubType: Duplex
  • Subdivision: Balboa Peninsula (Residential) (BALP)
  • Pool Features: None
  • Days On Market: 5
  • Garage Spaces: 2.00
  • LotSize SquareFeet: 2705.00
  • Lot Features: Level with Street
  • Community Features: Curbs
  • Sewer: Public Sewer

Features

Listed by

Tri-Star Realty
Agent Name : Carl Wuestehube
Agent State License : 00634943

Mortgage Calculator

Monthly
  • Principal & Interest
  • Property Tax
  • Home Insurance
  • PMI
$
$
%
$
$
$

Contact Information

View Listings

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare
Lina Chu
  • Lina Chu