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Tim Freund

tim@1000oaksrealestate.com +1(805) 427-3008

Listed by Sean Jarne • First Team Real Estate

$ 3,995,000

Est. payment -/mo

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1527 West Balboa Newport Beach, CA 92663

2,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $1,997

MLS Listing ID LG-26166425

Style Contemporary

Year Built 1946

Lot Size 2,561 Sqft

Property Sub-Type Duplex

Source California Regional Multiple Listing Service (CRMLS)

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

Flooring Wood

Inclusions None

Laundry Gas & Electric Dryer Hookup

Exterior

Exterior Feature Barbeque Private

Parking Features Garage Faces Rear

Garage Spaces 1.0

Pool None

Community Features Curbs, Sidewalks, Street Lights

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

View Y/N Yes

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

Building

Lot Description Rectangular Lot

Sewer Public Sewer, Sewer Paid

Others

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Tim Freund

+1(805) 427-3008

Tim Freund

1527 West Balboa Newport Beach, CA 92663

Key Details

Location

Interior

Exterior

Building

Others

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1527 West Balboa